Median Income
$125,043
household / year
Median Home Value
$406,300
owner-occupied
Median Rent
$1,680
gross / month
Cost of Living
112
national avg = 100

Is Milltown, NJ a Good Place to Live?

Milltown is a small town of 7,017 in New Jersey, with a median household income of $125,043 and a 4.9% unemployment rate. Its cost of living index is 112 (US average = 100), which is 12% above the national average.

Strengths: Milltown stands out for lower-than-average crime, solid school ratings (A+), a well-educated population.

Trade-offs: Potential downsides include an above-average cost of living, high home prices. Whether Milltown is right for you depends on your priorities — the full breakdown is below.

All Milltown city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 112.5

Milltown's overall cost of living index is 112.5, where 100 represents the US national average. Living in Milltown costs roughly 12% more than the average American city.

Metric Milltown, NJ National Avg
Median Home Value $406,300 $244,900
Median Monthly Rent $1,680 $1,163
Homeownership Rate 80.6% 65.9%
Median Household Income $125,043 $74,755

Crime & Safety

Very Safe

Milltown's violent crime rate is 70.4 per 100,000 residents — 81% lower than the national average of ~380 per 100,000.

Violent Crime
70.4 /100k
Property Crime
1281.1 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Milltown is served primarily by Milltown School District. The student-to-teacher ratio is 10.2:1 (better than the national average of ~16:1).

Metric Milltown, NJ National Avg
School District Milltown School District
Elementary Schools 1
Middle Schools 1
High Schools N/A
Student/Teacher Ratio 10.2:1 16:1
Bachelor's Degree or Higher 42.9% 35.4%
High School Diploma or Higher 96.2% 91.1%

Weather & Climate

Milltown sees average highs of 40.3°F in January and 86.5°F in July, with 49.5 inches of annual precipitation and 29.0 inches of snow per year.

MetricMilltown, NJ
Average High — January40.3°F
Average High — July86.5°F
Annual Precipitation49.5"
Annual Snowfall29.0"

Demographics

MetricMilltown, NJNational Avg
Population7,017
Median Age41.538.9
Unemployment Rate4.9%3.7%
Avg Commute Time28.4 min26 min
White (non-Hispanic)83.9%59.3%
Black or African American0.6%13.6%
Hispanic or Latino10.6%18.9%
Asian3.8%6.3%
Under 1824.0%22.2%
65 and over12.6%16.8%

Nearby Cities

ZIP Codes in Milltown

Milltown, NJ is covered by 1 ZIP code:

Milltown vs Other Cities

Frequently Asked Questions

Milltown's cost of living index is 112, where 100 is the national average. That puts Milltown roughly 12% above the national average in cost. The median home price is $406,300 and median rent is $1,680/month.
Milltown's violent crime rate is 70.4 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1281.1 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Milltown are operated by Milltown School District. The district has 1 elementary, 1 middle, and several high schools. The student-to-teacher ratio is 10.2:1. 42.9% of adults 25+ hold a bachelor's degree or higher.
Milltown, NJ has a population of 7,017, a median household income of $125,043, and an unemployment rate of 4.9%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Milltown averages 40.3°F in January and 86.5°F in July. Annual rainfall is 49.5 inches with about 29.0 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Milltown, NJ is covered by 1 ZIP code: 08850.
The population of Milltown, New Jersey is 7,017 with a median age of 41.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Milltown: cost of living index 112 (100 = US average), median home $406,300, median household income $125,043, crime index 36 (100 = US average, lower is safer), schools rated A+. Whether these are benefits or drawbacks depends on where you're coming from — compare Milltown side by side with your current city to see the trade-offs.