Living in Milltown, New Jersey
Cost of living, income, home prices, rent and demographics of Milltown · Census data 2020–2024
Milltown has 7,059 residents with a median age of 41.2. The median household income is $140,960 (36% higher than the New Jersey median), the median home value is $458,800, the median rent is $1,204/month.
Milltown at a glance
- Population
- 7,059
- Median age
- 41.2State: 40.1
- Median household income
- $140,960State: $103,556
- Median home value
- $458,800State: $454,400
- Median rent
- $1,204/moState: $1,720
- Homeowners
- 82.4%
- Bachelor's degree or higher
- 41.7%
- Average commute
- 29 min
Is Milltown a good place to live?
Pros: Median household income 36% higher than the New Jersey median; an average commute of 29 minutes; unemployment of 3.5%; a poverty rate of 1.2%.
Cons: Home values about the same as the state median.
The weather is best in May–June and August–September.
Cost of living in Milltown
Housing is the biggest part of the cost of living. In Milltown the median home value is $458,800, 38% higher than the U.S. median. Renters pay a median of $1,204 per month, which is 31.9% of household income. Homeowners with a mortgage pay $2,875 a month in housing costs.
Milltown median household income
The median household income in Milltown is $140,960 and the income per person is $60,070. 1.2% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Milltown: homes for sale and rent
- Housing units
- 2,753
- Owner-occupied
- 82.4%
- Renter-occupied
- 17.6%
- Vacant
- 4.1%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.67
Milltown demographics
- Population
- 7,059
- Median age
- 41.2
- Under 18
- 24.7%
- 65 and older
- 13%
- Households
- 2,641
- Foreign-born
- 18.1%
- Veterans
- 6.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Milltown ›
Education in Milltown
41.7% of adults 25 and older in Milltown have a bachelor's degree or higher (New Jersey: 43.6%), and 13.8% have a graduate or professional degree.
Jobs and commute in Milltown
- Unemployment rate
- 3.5%State: 6.3%
- Average commute
- 29 minState: 31 min
- Work from home
- 9.8%
- Drive alone
- 80.8%
- Public transit
- 3.4%
- Walk to work
- 0.7%
- Homes with broadband
- 95%
Milltown vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milltown | 7,059 | $140,960 | $458,800 | $1,204 |
| East Brunswick | 49,945 | $143,343 | $521,900 | $2,045 |
| North Brunswick | 44,375 | $120,764 | $431,500 | $2,117 |
| New Brunswick | 56,345 | $65,810 | $353,800 | $1,814 |
| South River | 16,124 | $96,147 | $405,200 | $1,675 |
| Highland Park | 15,121 | $104,694 | $471,700 | $1,873 |
| East Franklin | 11,070 | $115,458 | $385,900 | $2,056 |
| Voorhees | 2,000 | $89,200 | $388,200 | $1,531 |
| Spotswood | 8,171 | $105,060 | $369,900 | $1,079 |
More for people moving to Milltown
Milltown ZIP code ›Weather and climate ›Living in Milltown: FAQ
What is the median household income in Milltown, NJ?
The median household income in Milltown is $140,960, 36% higher than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Milltown?
The median home value in Milltown is $458,800, compared with $454,400 in New Jersey.
How much is rent in Milltown?
The median gross rent in Milltown is $1,204 per month, about 31.9% of household income.
Is Milltown, NJ a good place to live?
Pluses: median household income 36% higher than the New Jersey median; an average commute of 29 minutes; unemployment of 3.5%; a poverty rate of 1.2%. Minuses: home values about the same as the state median.
What is the median age in Milltown?
The median age in Milltown is 41.2 years (New Jersey: 40.1).
How long is the commute in Milltown?
The average commute to work in Milltown is 29 minutes; 9.8% of workers work from home.
What is the unemployment rate in Milltown?
The unemployment rate in Milltown is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milltown?
41.7% of adults in Milltown have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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