Milford, IL

Full City Profile · Illinois · Iroquois County County

3.4 /5.0
B Good
1,136 Population 1,696/sq mi density
$45,000 Median Income $24,122 per capita
$65,300 Home Value $120,445 Zillow
$714 Median Rent 27.3% income on rent
52°F Avg Temperature
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.7 / 5.0
$45,000 median income, 5.1% unemployment
A+
Affordability
5.0 / 5.0
$65,300 home value, $714/mo rent
C
Education
2.4 / 5.0
18.0% bachelor's degree or higher

Milford, IL

At a Glance

Median Income
$45,000
40% below
$24,122 per capita
Home Value
$65,300
77% below
Zillow: $120,445
Median Rent
$714/mo
39% below
27.3% of income on rent
Bachelor's Degree+
18.0%
47% below
79.9% high school+
Unemployment
5.1%
42% above
19.5% poverty rate
Obesity Rate
40.8%
27% above
18.1% smoking rate
Avg Temperature
52°F

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)

Income
60%
Home Value
23%
Rent
61%
Poverty
157%
Bachelor's
53%
Unemployment
142%
Thin vertical line = U.S. national average (100%)

Is Milford a Good Place to Live?

B
3.4 / 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 $45,000 , which is 40% below the national average of $75,149. Per capita income is $24,122. The unemployment rate stands at 5.1% (42% above the U.S. rate of 3.6%). 19.5% of residents live below the poverty line. The area is home to 675 business establishments, including 59 restaurants.

Housing & Cost of Living

The median home value in Milford is $65,300 , 77% below the national median of $281,900. Zillow estimates the typical home at $120,445. Median rent is $714/month, with 27.3% of renters spending more than 30% of income on housing. The cost of living index is 100.0 (100 = national average). The median home was built in 1955.

Education

18.0% of adults in Milford hold a bachelor's degree or higher (47% below the national average). 79.9% have completed high school. Local schools score 5.9/10 in standardized testing.

Climate & Weather

Milford has an average annual temperature of 52°F (11°C). Winters average 26°F in January while summers reach 75°F in July. Annual precipitation totals 40.7 inches.

Data Overview

People

Population1,136
Median Age40.8 yrs
Density1,696/mi²
Male / Female44% / 56%
Foreign Born1.4%
Veterans6.7%

Economy

C+
Median Income$45,000
Per Capita$24,122
Unemployment5.1%
Poverty19.5%
County GDP$1,425M
Avg Weekly Wage$963

Housing

A+
Home Value$65,300
Rent$714
Ownership74.1%
Zillow$120,445
Housing Units651
Rent Burden27.3%

Health

Obesity40.8%
Diabetes10.7%
Smoking18.1%
Heart Disease6.0%
Premature Death9,715/100K

Climate

Avg Temp52°F
Rain40.7 in/yr
Elevation666 ft

Education

C
Bachelor's+18.0%
High School+79.9%
Graduate+3.6%
School Score5.9/10

Community

2024 VoteR 78% / D 21%
Commute23 min
Broadband77.0%
Internet Speed43 Mbps
EV Stations3
Libraries9

Did You Know?

The median home in Milford was built in 1955.
The nearest airport is Vermilion Regional (30 miles).
The Gini coefficient (income inequality) is 0.432 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
23.5% of the population has a disability.
The county recorded 6 fatal vehicle crashes.