New Milford is a medium-sized borough located in the state of New Jersey. With a population of 16,889 people and four associated neighborhoods, New Milford is the 116th largest community in New Jersey.

Housing costs in New Milford are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New Jersey.

Also of interest is that New Milford has more people living here who work in computers and math than 95% of the places in the US.

Telecommuters are a relatively large percentage of the workforce: 13.96% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Because of many things, New Milford is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, New Milford really has some of the features that families look for when choosing a good community to raise children. Is New Milford perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

In New Milford, however, the average commute to work is quite long. On average, people spend 30.57 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.

Despite being a small borough, New Milford has a lot of people using the bus to get to and from work every day. Most of these people on the bus are using it to get to good jobs in other cities.

The citizens of New Milford are among the most well-educated in the nation: 47.97% of adults in New Milford have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.

The per capita income in New Milford in 2022 was $51,201, which is middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $204,804 for a family of four.

New Milford is an extremely ethnically-diverse borough. The people who call New Milford home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New Milford residents report their race to be White, followed by Asian. New Milford also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 22.13% of the borough’s residents. Important ancestries of people in New Milford include Italian, Irish, German, Greek, and Polish.

Foreign born people are also an important part of New Milford's cultural character, accounting for 30.46% of the borough’s population.

The most common language spoken in New Milford is English. Other important languages spoken here include Spanish and Tagalog.