Are you thinking of living in Millburn, NJ? Millburn is one of the wealthiest town in New Jersey with a population of approximately 21,710 and a median income of $225,227. Located within Millburn is the upscale suburbs of Short Hills where the multimillion dollar mansions are located often ranking as one of the wealthiest towns in the country.
Below are demographics and household data that you will find useful if you are thinking of moving to Millburn, NJ. The information presented in this article are based on data from the US Census American Community Survey.
Millburn, NJ Infograph
What is the Population of Millburn, NJ?
The population of Millburn, NJ is approximately 21,710.
Are Millburn Residents Well Educated?
83% of Millburn residents have a Bachelor’s Degree or higher. Compare this to overall New Jersey where 41% of NJ residents have a Bachelor’s Degree or higher.
Is Millburn, NJ Diverse?
66% of Millburn residents are White, 25% of Millburn residents are Asians, 5% of Millburn residents are Hispanic and 3% of Millburn residents are African Americans.
Are There a Lot of Children Living in Millburn, NJ?
32% of Millburn residents are children under 18 years old and 6% of Millburn residents are children under 5 years old. Compare this to overall New Jersey where 22% of New Jersey residents are children under 18 years old.
Is there a Large Senior Citizen Population in Millburn, NJ?
13% of Millburn residents are seniors aged 65 years old and older.
Are There a Lot of Immigrants in Millburn, NJ?
26% of Millburn residents are immigrants. Compare this to overall New Jersey where 23% of New Jersey residents are foreign born.
Is Millburn, NJ Affluent?
Millburn has a median household income of $225,227. Compare this to overall New Jersey where the median household income is $85,751.
Are There a Lot of Rentals in Millburn, NJ?
In Millburn, 19% of housing units are rentals while 81% of housing units in Millburn are owner occupied.
How Much Is Rent in Millburn, NJ?
The median gross rent in Millburn is $1,816. Compare this to overall New Jersey where the median gross rent is $1,376.
What is the Median Home Value in Millburn, NJ?
The Median Home Value of owner-occupied homes in Millburn is $1,130,100.
How Long is the Average Commute to Work for Millburn Residents?
The mean travel time to work for Millburn residents is 46 minutes. Compare this to overall New Jersey where the average time to work is 33 minutes.
How Much are Property Taxes in Millburn, NJ?
The Average Property taxes in Millburn, NJ is $21,765. This calculation is based on Millburn’s General Property Tax Rate of 1.926 and Millburn’s Median Home Value of $1,130,100. Check out our article on NJ Property Taxes for a complete town by town list of NJ Property taxes.
What County is Millburn, NJ located in?
Millburn, NJ is in Essex County.
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Data Source: US Census American Community Survey
