New Milford, IL
Population 1,183 · Illinois
About New Milford, IL
New Milford is a small community in Illinois with a population of 1,183 residents. The median household income is $73,125 per year, which is above the national average. The median age in New Milford is 33.2 years.
Housing in New Milford has a median home value of $130,200 and median monthly rent of $750. Of the 438 total housing units, the majority are owner-occupied, with 365 owner-occupied and 47 renter-occupied units.
The unemployment rate in New Milford is 7.2% and the poverty rate is 19.7%. 8.5% of residents hold a bachelor's degree or higher. The average commute time is 21.6 minutes.
Cost of Living in New Milford, IL
Compared to national averages, New Milford has a median household income of $73,125 (3% below the national median of $75,149). Home values average $130,200, which is 47% below the national median. Monthly rent at $750 is 36% below the US average of $1,163. Within Illinois, New Milford's income is 3% below the state average of $75,072, and home values are 21% below the state median of $165,779.
Why Live in New Milford, IL?
New Milford offers affordable housing with a median home value of $130,200, below the US average of $244,900, and rent that’s lower than the national average at $750/month, and short commute times averaging just 21.6 minutes.
Potential considerations include median household income ($73,125) that falls below the national average. However, New Milford’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Milford has a population of 1,183 with a median age of 33.2 years. Compare New Milford with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near New Milford
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Oreana | 1,183 | $93,194 | $129,100 | Compare |
| Marine | 1,181 | $76,304 | $165,100 | Compare |
| Dieterich | 1,171 | $73,750 | $201,200 | Compare |
| Energy | 1,171 | $70,417 | $138,500 | Compare |
| Camp Point | 1,197 | $58,438 | $111,700 | Compare |
| Milledgeville | 1,199 | $59,688 | $89,200 | Compare |
| Shawneetown | 1,167 | $51,089 | $80,400 | Compare |
| Goreville | 1,164 | $70,375 | $120,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Milford
What is the population of New Milford, IL?
The population of New Milford, IL is 1,183 according to the latest Census data.
What is the median household income in New Milford?
The median household income in New Milford, IL is $73,125 per year.
What is the median home value in New Milford?
The median home value in New Milford, IL is $130,200.
What is the average rent in New Milford?
The median monthly rent in New Milford, IL is $750.
What is the unemployment rate in New Milford?
The unemployment rate in New Milford, IL is 7.2%.