Milmay, NJ Profile: Facts & Data

The Milmay CDP⁽¹⁾ had a population of 890 as of July 1, 2024. Milmay ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in New Jersey. See peer rankings below.

The primary coordinate point for Milmay is located at latitude 39.4393 and longitude -74.8568 in Atlantic County. Atlantic County is in the Eastern time zone (GMT -5).

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Milmay, NJ Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	890 (100%)
Population in Households	885 (99.4%)
Population in Families	770 (86.5%)
Population in Group Quarters¹	5 ( 0.6%)
Population Density	109
Diversity Index²	40


INCOME
Median Household Income	$81,199
Average Household Income	$100,151
% of Income for Mortgage⁴	23%
Per Capita Income	$38,154
Wealth Index⁵	97
Socioeconomic Status Index⁶	Moderate (54.7)

HOUSING
Total HU (Housing Units)	362 (100%)
Owner Occupied HU	300 (82.9%)
Renter Occupied HU	39 (10.8%)
Vacant Housing Units	23 ( 6.4%)
Median Home Value	$296,575
Average Home Value	$316,000
Housing Affordability Index³	90

HOUSEHOLDS
Total Households	339
Average Household Size	2.61
Family Households	244
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Milmay, NJ - Peer Comparisons by Rank and Percentile

The table below compares Milmay to the other 700 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.75%	-0.20%
Households	0.42%	0.12%
Families		0.73%
Median Household Income		1.09%
Per Capita Income		2.94%
Owner Occupied HU		0.27%

Variable Description	Rank	Percentile
Total Population	# 564	20th
Population Density	# 690	2nd
Median Household Income	# 546	22nd
Housing Affordability Index	# 475	68th
Per Capita Income	# 607	13th
Diversity Index	# 507	28th

Milmay, NJ Profile: Facts & Data

Milmay, New Jersey - Basic Facts

Milmay, NJ Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Milmay, NJ - Peer Comparisons by Rank and Percentile

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