Millstone, NJ
Population 606 · New Jersey
About Millstone, NJ
Millstone is a small community located in New Jersey with a population of 606 residents according to the latest US Census Bureau American Community Survey data. The median household income is $139,209 per year, which is 85% above the national median of $75,149. The median age of 42.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Millstone features a median home value of $486,200, which is 99% above the national median of $244,900. This places Millstone in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,292, 11% above the national average of $1,163/month. Of the 203 total housing units, 88% are owner-occupied (176 units) and 12% are renter-occupied (23 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Millstone shows an unemployment rate of 6.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 4.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Millstone have an average one-way commute time of 32.4 minutes.
Education & Demographics
48.6% of Millstone residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 27.9% Asian residents, with 26.2% of the population being foreign-born.
Cost of Living in Millstone, NJ
Compared to national averages, Millstone has a median household income of $139,209 (85% above the national median of $75,149). Home values average $486,200, which is 99% above the national median. Monthly rent at $1,292 is 11% above the US average of $1,163. Within New Jersey, Millstone's income is 20% above the state average of $115,667, and home values are 4% above the state median of $469,644.
Why Live in Millstone, NJ?
Millstone offers a strong local economy with a median household income of $139,209, well above the national average, and a well-educated community where 48.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $486,200. However, Millstone’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Millstone has a population of 606 with a median age of 42.3 years. Compare Millstone with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Millstone
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lopatcong Overlook | 612 | $71,432 | $194,000 | Compare |
| Dividing Creek | 595 | $68,125 | $125,000 | Compare |
| Anderson | 618 | $85,655 | $261,900 | Compare |
| Titusville | 594 | $175,855 | $344,700 | Compare |
| Neshanic | 625 | $145,592 | $516,400 | Compare |
| Nesco | 626 | $0 | $378,600 | Compare |
| Deal | 632 | $77,679 | $1,329,500 | Compare |
| Cedarville | 636 | $39,816 | $161,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Millstone With Other Cities
Frequently Asked Questions about Millstone
What is the population of Millstone, NJ?
The population of Millstone, NJ is 606 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New Jersey.
What is the median household income in Millstone?
The median household income in Millstone, NJ is $139,209 per year, which is 85% above the national median of $75,149.
What is the median home value in Millstone?
The median home value in Millstone, NJ is $486,200, which is 99% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Millstone?
The median monthly rent in Millstone, NJ is $1,292, which is 11% above the national average of $1,163/month.
What is the unemployment rate in Millstone?
The unemployment rate in Millstone, NJ is 6.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Millstone, NJ a good place to live?
Millstone offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 606 and a median age of 42.3, the city appeals to a broad range of residents.
How educated is Millstone, NJ?
48.6% of residents in Millstone aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Millstone?
Key cost-of-living indicators for Millstone, NJ: median home value is $486,200 (99% above national), median rent is $1,292/month, and median household income is $139,209. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Millstone?
The poverty rate in Millstone, NJ is 4.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Millstone, NJ?
Millstone's population is 0.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 27.9% Asian, and 3.3% two or more races. 26.2% of residents are foreign-born.