Milltown is a somewhat small borough located in the state of New Jersey. With a population of 7,032 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.
Milltown is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-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.
Because of many things, Milltown is a great place for families with children to consider. First of all, many other families with children live here, making Milltown a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Milltown has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Milltown’s overall crime rate is lower than average for the country.
One downside of living in Milltown, however, is that residents on average have to contend with a long commute, spending on average 30.94 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.
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 Italian, Irish, German, Polish, Hungarian and English.
The most common language spoken in Milltown is English. Some people also speak Spanish.
|NUMBER OF HOMES AND APARTMENTS||2,602|
|MILLTOWN HOME OWNERSHIP|
|% OWNER OCCUPIED||79.46%|
|% RENTER OCCUPIED||20.54%|
|TYPE OF MILLTOWN HOMES|
|SINGLE FAMILY DETACHED||78.39%|
|ROWHOUSES AND ATTACHED HOMES||0.63%|
|SMALL APARTMENT BUILDINGS||16.85%|
|COMPLEXES OR HIGH RISE APARTMENTS||4.13%|
|SIZE OF MILLTOWN HOMES|
|5 OR MORE BEDROOMS||6.47%|
|AGE OF MILLTOWN HOMES|
|NEWER HOMES (2000 OR LATER)||0.45%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||27.15%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||42.25%|
|HISTORIC (1939 OR BEFORE)||30.16%|
|MILLTOWN REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$374,981|
|MEDIAN RENTAL PRICE||$1,592|
|HOME VALUE RANGE|
|$0 - $53,000||3.29%|
|$53,001 - $107,000||0.63%|
|$107,001 - $213,000||2.47%|
|$213,001 - $320,000||21.17%|
|$320,001 - $427,000||48.67%|
|$427,001 - $533,000||17.50%|
|$533,001 - $800,000||5.56%|
|$800,001 - $1,067,000||0.00%|
|PEOPLE OF MILLTOWN||DETAILS|
|UNDER 5 YEARS||3.71%|
|5 TO 17||15.72%|
|18 TO 24||4.67%|
|25 TO 34||12.72%|
|35 TO 54||36.03%|
|55 TO 64||13.16%|
|65 YEARS AND OVER||13.98%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||96.22%|
|MEDIAN HOUSEHOLD INCOME||$99,265|
|PER CAPITA INCOME||$41,467|
|INDIVIDUALS BELOW POVERTY LEVEL||8.76%|
|INDUSTRIES PEOPLE WORK IN||Education (14.21%)
Professional, scientific, and technical services (8.89%)
Information Technology (3.42%)
|BLACK OR AFRICAN AMERICAN||4.75%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.00%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.17%|
|TWO OR MORE RACES||3.48%|
|HISPANIC OR LATINO (OF ANY RACE)||6.55%|
|ETHNICITIES PRESENT||Italian (24.96%)
|LANGUAGES SPOKEN||English (88.52%)
Other Asian languages (1.91%)
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