New Milford, PA Profile: Facts & Data

The Borough of New Milford had a population of 823 as of July 1, 2024. 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.

New Milford, PA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	823 (100%)
Population in Households	823 (100.0%)
Population in Families	605 (73.5%)
Population in Group Quarters¹	0
Population Density	810
Diversity Index²	12


INCOME
Median Household Income	$48,229
Average Household Income	$71,312
% of Income for Mortgage⁴	29%
Per Capita Income	$30,934
Wealth Index⁵	46
Socioeconomic Status Index⁶	Low (44.0)

HOUSING
Total HU (Housing Units)	420 (100%)
Owner Occupied HU	221 (52.6%)
Renter Occupied HU	136 (32.4%)
Vacant Housing Units	63 (15.0%)
Median Home Value	$219,853
Average Home Value	$222,624
Housing Affordability Index³	85

HOUSEHOLDS
Total Households	357
Average Household Size	2.31
Family Households	203
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.
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.

New Milford, PA - Peer Comparisons by Rank and Percentile

The table below compares New Milford to the other 2,002 incorporated cities, towns and CDPs in Pennsylvania by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.32%	-0.02%
Households	-0.20%	-0.06%
Families		-0.10%
Median Household Income		3.56%
Per Capita Income		3.79%
Owner Occupied HU		0.09%

Variable Description	Rank	Percentile
Total Population	# 1101	45th
Population Density	# 1258	37th
Median Household Income	# 1793	10th
Housing Affordability Index	# 435	22nd
Per Capita Income	# 1532	24th
Diversity Index	# 1540	23rd

New Milford, PA Profile: Facts & Data

New Milford, Pennsylvania - Basic Facts

New Milford, PA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

New Milford, PA - Peer Comparisons by Rank and Percentile

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