Milltown is a somewhat small borough located in the state of New Jersey. With a population of 7,049 people and two constituent neighborhoods, Milltown is the 273rd largest community in New Jersey.
Housing costs in Milltown are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New Jersey.
Unlike some boroughs where white-collar or blue-collar occupations dominate the local economy, Milltown is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Milltown is a borough of professionals, sales and office workers, and managers. There are especially a lot of people living in Milltown who work in management occupations (14.71%), office and administrative support (14.66%), and sales jobs (12.26%).
In addition, Milltown is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Milltown is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Milltown’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
One downside of living in Milltown is that it can take a long time to commute to work. In Milltown, the average commute to work is 30.94 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the borough, so leaving the car at home and taking transit is often a viable alternative.
Even though Milltown is a smaller borough, it has many people who hop on public transportation – mostly the train for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.
The education level of Milltown ranks among the highest in the nation. Of the 25-and-older adult population in Milltown, 44.21% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.
The per capita income in Milltown in 2010 was $41,467, which is upper middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $165,868 for a family of four.
The people who call Milltown home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Milltown residents report their race to be White, followed by Black or African-American. Important ancestries of people in Milltown include Irish, German, Polish, and Hungarian.
The most common language spoken in Milltown is English. Other important languages spoken here include Spanish and Arabic.