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Demographics
Population
Median Income
Racial Distributions
New Milford, Pennsylvania, is classified as a "Low Diversity" community. As of 2022, the white population comprises 94% of the total, exceeding the 75% threshold for this classification. The city has experienced a population decline from 915 residents in 2019 to 677 in 2022, along with fluctuations in median income.
From 2013 to 2022, New Milford has maintained its status as a "Low Diversity" community. There have been subtle shifts within this category. From 2013 to 2018, there was a slight increase in diversity, with the white population decreasing from 96% to 94%, and small increases in black and Hispanic populations. From 2019 to 2021, this trend reversed, with the white population increasing to nearly 100%. In 2022, there is a slight increase in diversity again, with the introduction of a "two or more races" category (3%) and an increase in the Hispanic population (3%).
The median income in New Milford has shown a general downward trend over the past decade. From 2013 to 2017, there was a significant decline in median income from $51,917 to $40,648. From 2018 to 2022, there has been a slight recovery, with median income increasing to $45,499. This economic trend coincides with the population decline, suggesting potential economic challenges in the community.
The trends observed in New Milford, including population decline and fluctuating income levels, are often characteristic of small, rural communities facing economic challenges. The persistent low diversity is common in many small Pennsylvania towns, though the recent slight increases in diversity may reflect broader national trends.
Based on the observed trends, New Milford will likely continue to be classified as a "Low Diversity" community in the near future. However, the recent introduction of the "two or more races" category and the increase in the Hispanic population suggest a potential slow transition towards greater diversity. If these trends continue and accelerate, the community might eventually transition into a "Transitional Community" category.
Economically, if the slight upward trend in median income continues, it could help stabilize the population decline. However, given the overall downward trend over the past decade, significant economic development initiatives may be necessary to reverse the population loss and boost incomes more substantially.
New Milford remains a predominantly white, low-diversity community. Subtle demographic shifts and economic fluctuations suggest a community in slow transition. Monitoring these trends in the coming years will be crucial for understanding the evolving nature of this small Pennsylvania borough.