Town of New Milford, CT

What sets New Milford apart from other similarly sized towns is its vibrant Town Center, which boasts a strong independent retail and restaurant scene. In Western Connecticut’s Litchfield County, New Milford offers numerous exciting business opportunities, convenient access to global markets, and superior quality of life. Our residents are diverse, active, friendly, and they fully embrace the Town’s exceptional features, including Candlewood Lake, the Housatonic River, and our expansive parks and forests.

“New Milford  has a multitude of cultural resources and opportunities that further add to the reason why our residents, visitors and businesses enjoy a quality of life unparalleled in our area” – Alexander “Oley” Carp, Chairman, The Corporation for New Milford Economic Development

The Town is well-positioned for sustainable and innovative growth in the following sectors:

  • Retail
  • Hospitality
  • Healthcare and assisted living
  • Professional, scientific, and technical services
  • Light manufacturing
  • Film and digital media

Contact the Office of Economic Development for more information.

Population

Total Population

27,651

Population
Growth Rate

-0.39%

Median Age

44

Diversity Index

51.300

Source: ESRI, 2024-09-26

Housing & Income

Households

10,949

Total Housing Units

11,889


Owner Occupied

8,518

Renter Occupied

2,431

Vacant

940

Median Home Value

$347,839


Average Home Value

$420,985

Income
Growth Rate

Median
Household Income

0.00%


Per Capita Income

2.10%

Income Projection

Median Household

$94,703 $100,081


Average Household

$126,676 $137,921


Per Capita

$50,199 $55,688

Source: ESRI, 2024-09-26

Workforce

Total Businesses

1,391

Total Employed

11,475

Workers 16+

14,799

2023 HealthCare / Social Assistance

cp-industries

Businesses

118

Employed

2,043

2023 Retail Trade Businesses

cp-industries

Businesses

183

Employed

1,736

2023 Manufacturing Businesses

cp-industries

Businesses

64

Employed

1,392

2023 Educational Services - Businesses

cp-industries

Businesses

35

Employed

979

2023 Accommodation / Food Service

cp-industries

Businesses

79

Employed

948

2023 Other Service excl Pub Admin

cp-industries

Businesses

195

Employed

821

Some
High School

695

Graduated
High School

5,007

Associates
Degree

1,668

Bachelor's
Degree

5,592

Graduate
Degree

2,939

Average Commute Time

0 min.



Resident Commuters

7,206

Non-Resident Commuters

5,978

Drive Alone

11,776

Carpooled

1,171

Public

193

Work At Home

1,326

Source: ESRI, 2024-09-26