Quick facts: Millville, NJ

Quick Facts

112.9
Cost of Living
above US average
27,308
Population
44.02
Crime Rate per 1000
above US average
$65,279
Median Income
below US average
$200,000
Median House Price
above US average
$1731.33
Average Rent
above US average
12%
Poverty Rate
above US average
7.3%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $65,279.

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Income Needed to Buy

βœ“ Affordable
$63k/year
Based on $200,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($65,279) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$74k/year
Based on $1731.33/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $74k vs median $65,279
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Millville, NJ

Millville is a city located in Cumberland County, New Jersey. Known for its rich history and vibrant arts community, Millville is often referred to as the "Hometown of American Glass". The city played a significant role in the glass manufacturing industry during the late 19th and early 20th centuries, housing numerous glass factories. Today, remnants of this heritage can be explored at the Wheaton Arts and Cultural Center, which showcases glassmaking and other artistic mediums. Millville's downtown area features charming shops, restaurants, and the Millville Army Air Field Museum, which commemorates the city's military history. The city's location offers easy access to scenic parks and outdoor recreation, including the nearby Maurice River and a number of wildlife management areas. With a population of around 28,000, Millville maintains a small-town feel while providing residents with essential amenities and services. The city hosts various community events and festivals throughout the year, promoting local culture and engagement. Overall, Millville is a unique blend of history, arts, and community spirit.

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