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New Milford borough, NJ
ZIP 07646 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Upper Middle ClassLow Snow Area
Income, employment, industries, and economic trends
Income & Economy in New Milford borough, NJ (07646)
Median Income
$113,513
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,087
Wealth inflow
Population
16,882
Unemployment
6.4%
2.7pp above US avg
IRS migration statistics show a net inflow of about 1,087 for ZIP 07646 (New Milford borough, NJ) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 07646 (2020–Present)
Since 2020, population grew 2.5%, median income rose 1.7% (inflation-adjusted), home values increased 8.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $113,513 |
| Unemployment | 6.4% |
| Establishments | 228 |
| Employees | 1,922 |