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Milltown borough, NJ
ZIP 08850 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Upper Middle ClassLow Snow Area
Income, employment, industries, and economic trends
Income & Economy in Milltown borough, NJ (08850)
Median Income
$127,331
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+543
Wealth inflow
Population
8,442
Unemployment
4.8%
1.1pp above US avg
IRS migration statistics show a net inflow of about 543 for ZIP 08850 (Milltown borough, 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.
Historical Trends in 08850 (2020–Present)
Since 2020, population grew 0.3%, median income fell 1.3% (inflation-adjusted), home values increased 7.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $127,331 |
| Unemployment | 4.8% |
| Establishments | 201 |
| Employees | 1,680 |