Millburn Ranks In Top 50 Of Best Places To Live In NJ

MILLBURN, NJ - New Jersey Monthly has released its rankings of the best (and worst?) places to live across New Jersey. According to the publication, the 42nd place to live in New Jersey is Millburn in Essex County. The survey ranks 513 towns from top to bottom.

In compiling New Jersey Monthly’s 2019 Top Towns list, researchers at Leflein Associates, an independent research firm based in Ringwood, considered five categories to represent the quality of life in New Jersey’s 565 municipalities: home values, property taxes, crime rate, school performance and a lifestyle factor.

Some of the key data used included:

• Population: 20,488
• Average Tax Bill 2018: $24,308
• Average Tax Bill Change Since 2016: 4.2 percent
• Effective Property Tax Rate 2018: 1.793
• 3-year debt per capita: $498,798
• Median Home Price 2018: $1,150,909
• Change in Median Home Price Since 2016: -2.3 percent
• Average days home on market 2018: 54
• Crime rate per 1,000 residents 2016: 17.4
• Violent Crime Rate per 1,000 residents 2016: .3
• NJM Top High School Ranks: 3

"Our goal in creating the Top Towns chart is to reflect the dynamics of the marketplace and the desirability of each town, based on objective data. What we can’t take into account are all those subjective factors—like the beauty of our neighborhoods, or the friendliness of our neighbors," according to the publication.

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