New milford is located in Bergen county New jersey with a geographic area of 2.3 square miles. The total population in New milford is 16,477 with 48.8% male and 51.2% female. Children under age 5 represent 7.9% of the population, under age 18 equal 23.3% of the population and over age 65 is 16.1% of the population. The median household income is $94,821, per capita income is $44,831. There are a total of 5,886 housing units with 64.6% owner occupied. Education includes 21.5% of residents that are high school graduates and 50.5% with a bachelor's degree or higher. The average temperature in New milford in the summer is 73 degrees, and in the winter 34 degrees.