New Milford Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for New Milford, Illinois? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for New Milford, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in New Milford is $68,833.00.

The chart below shows the average household income by age in New Milford.

• Under 25
  $102,625.00
• 25 to 44
  $105,735.00
• 45 to 64
  $66,905.00
• 65 and over
  $61,667.00

Average Household Income

A very commonly asked question is "what is the average household income in New Milford, Illinois?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in New Milford is $79,478.00.

1.51% of households in New Milford, Illinois are classed as high income households (making $200,000+ per year).

Household Income Tiers for New Milford

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for New Milford, Illinois easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

• Less than $24,999
  5.39%
• $25,000 to $49,999
  24.57%
• $50,000 to $74,999
  25.22%
• $75,000 to $99,999
  16.81%
• $100,000 to $149,999
  20.04%
• $150,000 to $199,999
  6.47%
• $200,000 or more
  1.51%

Per Capita Income

The per capita income is the average income of all people in New Milford, Illinois. This is calculated by dividing the total income of all people in New Milford by the total number of people in New Milford.

It differs from the average or mean household income because it includes all people in New Milford and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in New Milford, Illinois is $30,869.00.

Population in New Milford by Race and Ethnicity

The total population in New Milford is currently 1,272 people.

The race and ethnicity of the population in New Milford can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in New Milford, Illinois.

• 0.00% White
  0
• 85.30% Black/African American
  1,085
• 72.70% Native
  925
• 3.90% Hispanic
  50
• 4.10% Asian
  52
• 0.00% Hawaiian/Pacific Islander
  0
• 0.00% Two or more races
  0
• 6.30% Other
  80

Population of New Milford by Age and Gender

Another very important demographics statistic for New Milford, Illinois is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in New Milford, Illinois.

• Master's degree or higher
  3.13%
• Bachelor's degree
  18.03%
• Some college or associate's degree
  12.74%
• High school diploma or equivalent
  61.78%
• Less than high school diploma
  4.33%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for New Milford because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in New Milford look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in New Milford, Illinois that are over the age of 16.

The current population in New Milford that are over the age of 16 is 1,005 people.

The unemployment rate in New Milford is 5.30%, which means 38 people are unemployed.

Median Age in New Milford

The median age is an interesting metric because it gives us an idea of the age distribution of people in New Milford, Illinois. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in New Milford is 32.5 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in New Milford

32.5

Total

29.8

Male

33.2

Female

Households and Families

There are a total of 464 households in New Milford, and the average household size is 2.74 people.

For families, the total number is 284, and the average family size is 3.17 people.

14.10% of those families in New Milford, Illinois are living below the poverty line.

The table below shows the poverty thresholds for New Milford in .

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

• Married-couple
• Male householder, no spouse present
• Female householder, no spouse present
• Nonfamily household

In the table below, you can see the total households and families in New Milford, Illinois for each type, as well as the average sizes.

Housing Data in New Milford

There are total of 488 housing units in New Milford, Illinois. Of those units, 464 (95.08%) are occupied, and 24 (4.92%) are vacant.

Rental Rates

Of the 488 housing units in New Milford, 44 (9.02%) are occupied by renters. The median rent paid by renters is $750.00.

Owner occupied housing units make up the remaining 85.66% of housing units, with 418 housing units in total.

The table below breaks down how much rent is paid by renters in New Milford, Illinois.

• No rent paid
  2
• Less than $500
  0
• $500 to $999
  33
• $1,000 to $1,499
  3
• $1,500 to $1,999
  6
• $2,000 to $2,499
  2
• $2,500 to $2,999
  0
• $3,000 or more
  0

Property Values

The median value of a property in New Milford is $115,800.00.

The table below breaks down the range of valuations for all properties in New Milford.

• Less than $50,000
  98
• $50,000 to $99,999
  58
• $100,000 to $149,999
  114
• $150,000 to $199,999
  99
• $200,000 to $299,999
  47
• $300,000 to $499,999
  0
• $500,000 to $999,999
  0
• $1,000,000 or more
  2

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in New Milford, Illinois.

• 1939 or earlier
  23
• 1940 to 1949
  53
• 1950 to 1959
  56
• 1960 to 1969
  33
• 1970 to 1979
  71
• 1980 to 1989
  66
• 1990 to 1999
  79
• 2000 to 2009
  85
• 2010 to 2013
  22
• 2014 or later
  0

Vehicles Available per Household

Finally, we have data on how many vehicles each household in New Milford has. The table below breaks down the number of vehicles available per household.

• No vehicles available
  7
• 1 vehicle available
  121
• 2 vehicles available
  130
• 3 or more vehicles available
  206

Commuting to Work in New Milford

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of New Milford, Illinois, how they commute, and how that correlates to other data points.

The average travel time is 22.5 minutes, and the chart below covers the range of travel times across the population of New Milford.

• Less than 5 minutes
  7
• 5 to 9 minutes
  116
• 10 to 14 minutes
  87
• 15 to 19 minutes
  63
• 20 to 24 minutes
  132
• 25 to 29 minutes
  32
• 30 to 34 minutes
  108
• 35 to 39 minutes
  4
• 40 to 44 minutes
  22
• 45 to 59 minutes
  18
• 60 to 89 minutes
  36
• 90 or more minutes
  5

We can also look at the means of transport in New Milford to see which modes of transport people are using to commute to work.

• Drove alone
  488
• Carpooled
  112
• Public transportation
  0
• Walked
  0
• Other means
  30
• Worked from home
  15

Conclusion

Hopefully this article has given you the demographics data you were looking for in New Milford, Illinois.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for New Milford.

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