New Milford, PA Profile: Facts & Data

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New Milford, Pennsylvania - Basic Facts

The Borough of New Milford had a population of 819 as of July 1, 2023. New Milford ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Pennsylvania. See peer rankings below.

The primary coordinate point for New Milford is located at latitude 41.8726 and longitude -75.7271 in Susquehanna County. The formal boundaries for the Borough of New Milford encompass a land area of 1.02 sq. miles and a water area of 0 sq. miles. Susquehanna County is in the Eastern time zone (GMT -5).

The Borough of New Milford has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.


Jump to... (On This Page!)
  1. New Milford 2023 Demographic Data
  2. Growth Rates for New Milford (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Pennsylvania Research Tools (Easy Tools & Current Data)
  3. Pennsylvania Data Comparison Tool - 2023 Demographics
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New Milford, PA Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 819 (100%)
Population in Households 819 (100.0%)
Population in Families 614 (75.0%)
Population in Group Quarters1 0
Population Density 806
Diversity Index2 12
 
 

INCOME

Median Household Income $50,719
Average Household Income $66,060
% of Income for Mortgage4 18%
Per Capita Income $28,634
Wealth Index5 41
Socioeconomic Status Index6 Low (43.0)
 

HOUSING

Total HU (Housing Units) 417 (100%)
Owner Occupied HU 219 (52.5%)
Renter Occupied HU 136 (32.6%)
Vacant Housing Units 62 (14.9%)
Median Home Value $149,638
Average Home Value $197,945
Housing Affordability Index3 133
 

HOUSEHOLDS

Total Households 355
Average Household Size 2.31
Family Households 209
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.26% -0.25%
Households -0.43% -0.17%
Families   -0.19%
Median Household Income   1.78%
Per Capita Income   2.37%
Owner Occupied HU   0.18%

New Milford, PA - Peer Comparisons by Rank and Percentile

The table below compares New Milford to the other 1,888 incorporated cities, towns and CDPs in Pennsylvania by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 1082 43rd
Population Density # 1224 35th
Median Household Income # 1547 18th
Housing Affordability Index # 1137 60th
Per Capita Income # 1517 20th
Diversity Index # 1468 22nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Pennsylvania Census Data Comparison Tool.

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