ZIP Code 08340 — Milmay CDP, NJ Demographics & Data

ZIP code 08340 covers Milmay, NJ in Cumberland County with a population of about 876.

At a glance, the area shows median age of 48.5 versus a U.S. median of about 38.9.

It sits in telephone area codes 609, 640, 856; U.S. House district NJ-2; the PHILADELPHIA media market.

Milmay, NJ fits a retirement-oriented profile (high share of residents 65+ (36.3%)). Residents and relocators commonly research healthcare access, everyday amenities (dining, personal services), and housing costs rather than tech or campus life.

Median household income in ZIP 08340 is about $72,813 — about 3% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 0.9%; unemployment rate near 14.4%; 25.1% of adults with a bachelor’s degree or higher (about 8.6 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Public administration, Professional services, and Education; about 19.6% of workers reporting work-from-home (about 4.4 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $242,800 — about 30% below the U.S. median home value ($348,079).

Housing tenure and rents show owner-occupancy near 75.2% (about 9.8 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 08340 in Milmay, NJ, a household would need roughly $67,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,560. That is roughly in line with the local median household income ($72,813). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Milmay CDP, NJ as Relatively Moderate (composite score 82.6), which is elevated versus much of the country. The strongest component scores on US5 are hurricane (91.9) and wildfire (85.8). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Milmay CDP, NJ show little to no average snow and around 50.6 inches of annual precipitation.

IRS migration statistics show a net inflow of about 56 for ZIP 08340 (Milmay CDP, NJ) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.