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: 112.5Milltown'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 SafeMilltown's violent crime rate is 70.4 per 100,000 residents — 81% lower than the national average of ~380 per 100,000.
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.
| Metric | Milltown, NJ |
|---|---|
| Average High — January | 40.3°F |
| Average High — July | 86.5°F |
| Annual Precipitation | 49.5" |
| Annual Snowfall | 29.0" |
Demographics
| Metric | Milltown, NJ | National Avg |
|---|---|---|
| Population | 7,017 | — |
| Median Age | 41.5 | 38.9 |
| Unemployment Rate | 4.9% | 3.7% |
| Avg Commute Time | 28.4 min | 26 min |
| White (non-Hispanic) | 83.9% | 59.3% |
| Black or African American | 0.6% | 13.6% |
| Hispanic or Latino | 10.6% | 18.9% |
| Asian | 3.8% | 6.3% |
| Under 18 | 24.0% | 22.2% |
| 65 and over | 12.6% | 16.8% |
Nearby Cities
ZIP Codes in Milltown
Milltown, NJ is covered by 1 ZIP code: