Cost of living in New Milford, NJ

New Milford is a Census borough in Bergen County, NJ. ACS 2024 5-year population is 16,995. Median gross rent is $1,765 (ACS 2024 5-year, this place). Median home value is $580,400. Median household income is $114,889. Insurance is the NAIC state average; food is a USDA plan — no town indexes.