Milmay CDP, NJ

ZIP 08340 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Milmay CDP, NJ (08340)

Median Income

$72,813

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+56

Wealth inflow

Population

876

Unemployment

14.4%

10.7pp above US avg

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.

Economic Indicators

Unemployment

14.4%+288% vs US avg

Self-Employed

2.9%-53% vs US avg

SNAP Benefits

0.0%

Establishments

Employees

~5 per establishment — small businesses dominate

Public administration

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining5.7%
Retail trade3.2%
Transportation, utilities7.6%
Finance, insurance, real estate12.3%
Professional, scientific, management25.6%
Education, health care, social19.0%
Arts, entertainment, food services7.0%
Public administration19.6%

Household Income

Historical Trends in 08340 (2020–Present)

Since 2020, population declined 32.7%, median income rose 1.2% (inflation-adjusted), home values decreased 7.6%.

Median Income

$72,813

-3% vs US avg

Unemployment Rate