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Milford, IA

Full City Profile · Iowa · Dickinson County County

3.2 /5.0
B Good
3,315 Population 1,542/sq mi density
$60,571 Median Income $40,300 per capita
$211,000 Home Value $277,664 Zillow
$806 Median Rent 32.0% income on rent
46°F Avg Temperature 291 sunny days/yr
121 Violent Crime/100K 2,111 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$60,571 median income, 2.0% unemployment
A+
Affordability
4.7 / 5.0
$211,000 home value, $806/mo rent
F
Safety
1.0 / 5.0
121 violent crimes/100K
C+
Education
2.9 / 5.0
24.1% bachelor's degree or higher

Income Overview

Median Household Income
$60,571
19% below
US avg: $75,149
Per Capita Income
$40,300
3% above
US avg: $39,052
Unemployment Rate
2.0%
44% below
US avg: 3.6%
Poverty Rate
2.7%
78% below
US avg: 12.4%

Income Comparison: Milford vs. U.S. Average

Each bar shows Milford’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$60,571
81%
Per Capita
US: $39,052
$40,300
103%
IRS Avg AGI
US: $72,000
$99,626
138%
Avg Weekly Wage
US: $1,432
$897
63%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$897
37% below US avg ($1,432)
Mean Commute Time
19 min
32% below US avg (28 min)
Work From Home
3.7%
76% below US avg (15.2%)
Drive Alone
76.4%
4% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$1,529M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 76.4%
Public Transit 0%
Work From Home 3.7%
Other 19.9%
Average commute time
19 minutes
US avg: 28 min

Business Landscape

Total Establishments
958
Restaurants
107
Healthcare
59
Retail
107
Manufacturing
39

Tax & Financial

IRS Avg Adjusted Gross Income
$99,626
38% above US avg ($72,000)
Avg Property Tax
$7,645
118% above US avg ($3,500)
Cost of Living Index
87.8
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$60,571
Per Capita Income$40,300
IRS Avg Adjusted Gross Income$99,626
Avg Weekly Wage$897
County GDP$1,529M

Hardship Indicators

Unemployment Rate2.0%
Poverty Rate2.7%
Gini Coefficient0.441
Cost of Living Index87.8

Commute

Mean Commute19 minutes
Drive Alone76.4%
Public Transit0.0%
Work From Home3.7%

Businesses

Total Establishments958
Restaurants107
Healthcare59
Retail107
Manufacturing39

Tax

IRS Avg AGI$99,626
Avg Property Tax$7,645