Milmay, NJ
Population 950 · New Jersey
About Milmay, NJ
Milmay is a small community located in New Jersey with a population of 950 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,110 per year, which is 20% below the national median of $75,149. The median age of 51.3 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 Milmay features a median home value of $235,600, which is 4% below the national median of $244,900. This positions Milmay in a moderately priced market relative to the rest of the country. Median monthly rent is $1,247, 7% above the national average of $1,163/month. Of the 473 total housing units, 79% are owner-occupied (374 units) and 21% are renter-occupied (99 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Milmay shows an unemployment rate of 18.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Milmay have an average one-way commute time of 26.4 minutes.
Education & Demographics
22.5% of Milmay residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.6% of the population being foreign-born.
Cost of Living in Milmay, NJ
Compared to national averages, Milmay has a median household income of $60,110 (20% below the national median of $75,149). Home values average $235,600, which is 4% below the national median. Monthly rent at $1,247 is 7% above the US average of $1,163. Within New Jersey, Milmay's income is 48% below the state average of $115,667, and home values are 50% below the state median of $469,644.
Why Live in Milmay, NJ?
Milmay offers affordable housing with a median home value of $235,600, below the US average of $244,900, and a low poverty rate of 2.8%, better than the national average.
Potential considerations include median household income ($60,110) that falls below the national average. However, Milmay’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Milmay has a population of 950 with a median age of 51.3 years. Compare Milmay with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Milmay
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Vienna | 940 | $124,893 | $436,300 | Compare |
| West Cape May | 934 | $79,375 | $698,300 | Compare |
| Griggstown | 928 | $207,542 | $560,100 | Compare |
| Germania | 974 | $123,360 | $284,500 | Compare |
| Audubon Park | 979 | $53,333 | $93,800 | Compare |
| Elwood | 920 | $68,698 | $170,300 | Compare |
| Fairton | 918 | $62,250 | $171,300 | Compare |
| Vernon Valley | 983 | $123,707 | $321,600 | 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 Milmay With Other Cities
Frequently Asked Questions about Milmay
What is the population of Milmay, NJ?
The population of Milmay, NJ is 950 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 Milmay?
The median household income in Milmay, NJ is $60,110 per year, which is 20% below the national median of $75,149.
What is the median home value in Milmay?
The median home value in Milmay, NJ is $235,600, which is 4% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Milmay?
The median monthly rent in Milmay, NJ is $1,247, which is 7% above the national average of $1,163/month.
What is the unemployment rate in Milmay?
The unemployment rate in Milmay, NJ is 18.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Milmay, NJ a good place to live?
Milmay offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 950 and a median age of 51.3, the city appeals to established professionals and retirees.
How educated is Milmay, NJ?
22.5% of residents in Milmay aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Milmay?
Key cost-of-living indicators for Milmay, NJ: median home value is $235,600 (4% below national), median rent is $1,247/month, and median household income is $60,110. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Milmay?
The poverty rate in Milmay, NJ is 2.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Milmay, NJ?
Milmay's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 4.7% two or more races. 1.6% of residents are foreign-born.