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Made with ❤ by Ryan Gibbons
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Living in New Milford, New Jersey, offers residents a unique blend of suburban charm coupled with urban conveniences. However, like many places in the Garden State, the cost of living is a crucial factor to consider. New Milford’s cost of living index stands at 141, indicating that the overall expenses, including housing, food, child care, transportation, healthcare, taxes, and other essentials, are 41.0 percent higher than the U.S. average. Yet, when compared to the New Jersey average, it’s 17.7 percent lower.
A typical home in New Milford costs around $519,400. This price is 53.6 percent higher than the national average, which is pegged at $338,100. However, when compared to the state’s average, the cost is 20.2 percent more, with the average New Jersey home priced at $432,100. If you’re considering renting, a two-bedroom unit in New Milford will set you back about $1,790 per month. This rate is 25.2 percent higher than the national average of $1,430 and 4.5 percent more than the state average of $1,710.
To live comfortably in New Milford, it’s recommended that a family should have a minimum annual income of $99,360, while a single person should aim for at least $61,600. These figures ensure that residents can manage their expenses without compromising on their quality of life.
While the cost of living in New Milford might seem high, it’s essential to remember that the town offers a plethora of amenities, services, and opportunities that justify the costs. From excellent schools and recreational facilities to a vibrant community spirit and proximity to major job markets, New Milford is a place where the cost of living is balanced by the quality of life.
New Milford, NJ, offers a diverse job market that caters to a wide range of professionals. From the corporate sector to local businesses, the town provides ample opportunities for its residents to find suitable employment.
Diverse Opportunities: The job listings in New Milford span various sectors. From property management positions at companies like Inland Residential Real Estate Services, Inc. to roles in the transportation sector with the TSA (Transportation Security Administration), there’s something for everyone. The presence of such diverse employers indicates a robust and varied job market.
Proximity to Major Cities: New Milford’s strategic location near major cities like New York and Newark means residents have access to a broader job market. This proximity allows residents to enjoy the benefits of suburban living while still being close to urban job opportunities.
Competitive Salaries: The salaries offered in New Milford are competitive. For instance, property managers can expect salaries starting from $70,000 a year. Such competitive pay scales attract talent and ensure that residents can maintain a comfortable lifestyle.
Growing Sectors: The healthcare and tech sectors show significant growth in New Milford. Positions for X-Ray technicians, clinical social workers, and tech roles in companies like Amazon Warehouse indicate a growing demand in these sectors.
Supportive Community: Local businesses thrive in New Milford due to the supportive community. Small businesses and startups find the town to be a conducive environment for growth, further enhancing the job market.
Training and Development: Employers in New Milford emphasize employee growth. Companies offer training programs, ensuring that employees have the necessary skills to excel in their roles. For instance, roles in property management or healthcare come with specific training requirements, ensuring quality service.
New Milford’s job market is dynamic and offers a range of opportunities for its residents. Whether you’re a recent graduate or an experienced professional, New Milford has something to offer.
New Milford, NJ, is a town brimming with activities and attractions that cater to residents and visitors of all ages. Whether you’re a history enthusiast, an avid shopper, or someone looking for recreational activities, New Milford has something for everyone.
Historical Attractions: One of the standout attractions in New Milford is the Historic New Bridge Landing, a significant site that offers a glimpse into the town’s rich history. This historic walking area provides an opportunity for visitors to step back in time and learn about the region’s past.
Entertainment and Recreation: For those looking for modern entertainment, the AMC Dine-in Shops at Riverside 9 offers a unique movie-watching experience. Additionally, thrill-seekers can experience the sensation of flying at the iFLY Indoor Skydiving in Paramus. For those who prefer a more relaxed environment, the Bergen County Zoological Park is a must-visit, offering a chance to see a variety of animals in a serene setting.
Local Breweries: New Milford boasts a burgeoning brewery scene. Places like The Alementary and Hackensack Brewing offer a range of craft beers, making them popular spots for locals and visitors alike.
The Arts: The town is also home to several theaters, including The Little Firehouse Theatre and Bergen County Players, Inc. These venues host a variety of performances, from plays to musicals, ensuring that art enthusiasts have plenty to look forward to.
Shopping: For those who love shopping, The Outlets at Bergen Town Center is a haven. With a range of stores offering everything from high-end brands to local crafts, it’s a shopper’s paradise.
Dining: New Milford’s dining scene is as diverse as its residents. From the Italian delights at Sanzari’s New Bridge Inn to the Latin flavors at Panchos Burritos, there’s something to satisfy every palate.
New Milford, NJ, is a town that offers a blend of historical charm and modern amenities. Whether you’re a resident or a visitor, there’s always something to do in this vibrant community.
New Milford, located in New Jersey, experiences a humid continental climate. This means that residents can expect warm and humid summers, with average temperatures hovering around 70°F. Conversely, the winter months are cold, with January temperatures averaging around 25°F. Annually, New Milford receives about 47 inches of precipitation. Snowfall is common from November to April, but despite the chilly winter temperatures, extreme weather conditions are rare in this area.
To provide a more detailed perspective:
Some additional highlights include:
It’s essential to differentiate between weather and climate when discussing these topics. While weather pertains to short-term atmospheric conditions, climate refers to the long-term pattern of weather in a specific region, typically averaged over 30 years.
Education is a cornerstone of any community, and New Milford, NJ, is no exception. The town takes pride in its educational institutions, ensuring that students receive quality education that prepares them for the future.
The New Milford School District is a comprehensive community public school district that serves students from kindergarten through twelfth grade. As of the 2018–19 school year, the district, comprising four schools, had an enrollment of 2,026 students and 157.4 classroom teachers, resulting in a student-teacher ratio of 12.9:1. This ratio indicates a favorable environment for personalized attention, ensuring that each student’s needs are adequately addressed.
The district is classified by the New Jersey Department of Education as being in District Factor Group “FG”, which is the fourth-highest of eight groupings. These groupings are designed to allow comparison by common socioeconomic characteristics of the local districts, ensuring that students receive education tailored to the community’s needs.
The schools in the district include:
Each of these schools is equipped with modern facilities and a dedicated staff that aims to provide a holistic education to students. The district emphasizes not only academic excellence but also the overall development of students, ensuring they are well-prepared for the challenges of the future.
Furthermore, the district’s administration is proactive in its approach, with Danielle Shanley serving as the superintendent. The district’s board of education, consisting of nine members, sets policies and oversees the fiscal and educational operations, ensuring transparency and accountability.
New Milford’s commitment to education is evident in its well-established schools and the emphasis on providing a conducive environment for learning. Whether you’re a parent looking for quality education for your child or a student aiming for academic excellence, New Milford offers a supportive and enriching educational experience.
New Milford, NJ, is a sought-after location for homebuyers, and its real estate market reflects the town’s appeal. With a mix of suburban charm and proximity to urban centers, New Milford offers a range of housing options to cater to various preferences and budgets.
In 2022, the real estate market in New Milford, a part of Bergen County, showcased some distinct characteristics when compared to the broader Bergen County market. New Milford accounted for approximately 1.65% of the total homes sold in Bergen County, with 112 homes sold in the area. This volume, while significant for the town, is a fraction of the 6,772 homes sold throughout Bergen County.
When it comes to pricing, New Milford offers a slightly more affordable housing landscape. The average listing price in New Milford stood at $598,077, with homes selling at an average of $594,503. In contrast, Bergen County’s average listing and sold prices were $841,354 and $835,776, respectively. The median sold price in New Milford was $575,000, which is lower than Bergen County’s median of $660,000. This suggests that potential homebuyers might find more budget-friendly options in New Milford compared to the county at large.
Another noteworthy aspect is the time homes spend on the market. Homes in New Milford were observed to sell a bit faster, staying on the market for an average of 32 days, compared to the 39-day average in Bergen County. This indicates a brisk pace of sales in New Milford, hinting at a high demand in the area.
In terms of pricing dynamics, homes in New Milford were sold very close to their listing prices, with a sale-to-list price ratio of 99.4%. This is slightly higher than Bergen County’s ratio of 99.3%, suggesting that New Milford’s market is competitive, with properties fetching near their asking prices.
Lastly, the inventory analysis reveals a tight market in both regions. New Milford had a slightly lower inventory with 1.2 months, compared to Bergen County’s 1.5 months. A low inventory typically indicates a seller’s market, where demand outstrips supply.
The New Milford real estate market in 2022 was active, competitive, and slightly more affordable than the broader Bergen County market. With homes selling quickly and in many cases more than their asking prices, New Milford emerges as an attractive option for potential homebuyers seeking value in Bergen County.
New Milford, NJ, is strategically located, making it a hub for both local and through traffic. The town’s infrastructure is designed to accommodate the daily influx of vehicles, ensuring smooth transportation for its residents and visitors.
Road Conditions: New Milford’s road network is well-maintained, with real-time traffic updates available on platforms like LocalConditions and EzeRoad. These platforms provide information on traffic flow, delays, accidents, construction, and other factors affecting road conditions. New Milford is close to many major highways that connect you with local areas as well as New York City. The Garden State Parkway, NJ Turnpike, Routes 4, 17, and 80 are nearby and well travelled by New Milford residents.
Public Transportation: While the primary mode of transportation in New Milford is personal vehicles, the town is also serviced by various public transportation options. On the border of River Edge is River edge Station which provides service on the Pascack Valley Line to Secaucus and Hoboken that both have connections to New York City. New Milford also has NJ Transit buses that run along River Rd that will take you to NY Penn Station.
Safety Measures: New Milford prioritizes the safety of its residents and visitors. The town has implemented various measures to ensure smooth traffic flow and reduce the risk of accidents. This includes regular maintenance of roads, timely updates on road conditions, and efficient traffic management during peak hours or events.
New Milford’s strategic location and well-maintained infrastructure make it a convenient place for both residents and visitors. Whether you’re commuting to work, traveling to nearby cities, or just exploring the town, New Milford ensures a smooth and safe transportation experience.
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© 2022 All rights reserved
Made with ❤ by Ryan Gibbons