At a Glance
Median Income
$60,571
$40,300 per capita
Home Value
$211,000
Zillow: $294,855
Median Rent
$806/mo
32.0% of income on rent
Bachelor's Degree+
24.1%
96.2% high school+
Unemployment
2.9%
2.7% poverty rate
Obesity Rate
37.9%
14.5% smoking rate
How Milford Compares to the U.S. Average
Each bar shows Milford's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Milford a Good Place to Live?
B+
3.9 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Milford residents earn a median household income of $60,571 , which is 19% below the national average of $75,149.
Per capita income is $40,300. The unemployment rate stands at 2.9% (19% below the U.S. rate of 3.6%). 2.7% of residents live below the poverty line. The area is home to 958 business establishments, including 107 restaurants.
Housing & Cost of Living
The median home value in Milford is $211,000 , 25% below the national median of $281,900.
Zillow estimates the typical home at $294,855. Median rent is $806/month, with 32.0% of renters spending more than 30% of income on housing. The cost of living index is 87.8 (100 = national average). The median home was built in 1981.
Education
24.1% of adults in Milford hold a bachelor's degree or higher
(28% below the national average).
96.2% have completed high school. Local schools score 6.4/10 in standardized testing.
Climate & Weather
Milford has an average annual temperature of 46°F (8°C).
Winters average 16°F in January while summers reach 73°F in July. Annual precipitation totals 29.5 inches.
Data Overview
People
Population3,315
Median Age45.8 yrs
Density1,542/mi²
Male / Female49% / 51%
Foreign Born0.2%
Veterans7.0%
Economy
A
Median Income$60,571
Per Capita$40,300
Unemployment2.9%
Poverty2.7%
County GDP$1,529M
Avg Weekly Wage$897
Housing
A+
Home Value$211,000
Rent$806
Ownership69.7%
Zillow$294,855
Housing Units1,560
Rent Burden32.0%
Health
Obesity37.9%
Diabetes8.6%
Smoking14.5%
Heart Disease5.0%
Premature Death4,872/100K
Climate
Avg Temp46°F
Rain29.5 in/yr
Elevation1,443 ft
Education
C+
Bachelor's+24.1%
High School+96.2%
Graduate+5.7%
School Score6.4/10
Community
2024 VoteR 69% / D 29%
Commute19 min
Broadband87.3%
Internet Speed75 Mbps
EV Stations3
Libraries5
Did You Know?
The median home in Milford was built in 1981.
The nearest airport is Fort Dodge Regional (73 miles).
The Gini coefficient (income inequality) is 0.441 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
16.8% of the population has a disability.
There are 107 restaurants in the area.
The county recorded 1 fatal vehicle crashes.