New Milford, PA
Population 695 · Pennsylvania
About New Milford, PA
New Milford is a small community in Pennsylvania with a population of 695 residents. The median household income is $51,250 per year, which is near the national average. The median age in New Milford is 36.8 years.
Housing in New Milford has a median home value of $162,500 and median monthly rent of $938. Of the 354 total housing units, the majority are owner-occupied, with 149 owner-occupied and 145 renter-occupied units.
The unemployment rate in New Milford is 10.2% and the poverty rate is 22.0%. 11.0% of residents hold a bachelor's degree or higher. The average commute time is 25.2 minutes.
Cost of Living in New Milford, PA
Compared to national averages, New Milford has a median household income of $51,250 (32% below the national median of $75,149). Home values average $162,500, which is 34% below the national median. Monthly rent at $938 is 19% below the US average of $1,163. Within Pennsylvania, New Milford's income is 30% below the state average of $73,376, and home values are 15% below the state median of $190,903.
Why Live in New Milford, PA?
New Milford offers affordable housing with a median home value of $162,500, below the US average of $244,900, and rent that’s lower than the national average at $938/month.
Potential considerations include median household income ($51,250) 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 695 with a median age of 36.8 years. Compare New Milford with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near New Milford
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Penn | 695 | $70,833 | $101,200 | Compare |
| Portland | 695 | $71,667 | $258,600 | Compare |
| Marion Heights | 694 | $41,250 | $88,000 | Compare |
| Millheim | 693 | $65,833 | $219,200 | Compare |
| Pleasant View | 693 | $74,000 | $115,200 | Compare |
| Pocono Pines | 693 | $108,356 | $217,400 | Compare |
| Chester Hill | 698 | $48,125 | $98,800 | Compare |
| Polk | 692 | $44,250 | $87,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
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, PA?
The population of New Milford, PA is 695 according to the latest Census data.
What is the median household income in New Milford?
The median household income in New Milford, PA is $51,250 per year.
What is the median home value in New Milford?
The median home value in New Milford, PA is $162,500.
What is the average rent in New Milford?
The median monthly rent in New Milford, PA is $938.
What is the unemployment rate in New Milford?
The unemployment rate in New Milford, PA is 10.2%.