At a Glance
Median Income
$73,750
$34,092 per capita
Home Value
$181,300
Zillow: $316,218
Median Rent
$797/mo
13.1% of income on rent
Bachelor's Degree+
13.9%
84.1% high school+
Unemployment
7.3%
14.9% poverty rate
Obesity Rate
32.7%
15.4% 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
3.4 / 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 $73,750 , which is 2% below the national average of $75,149.
Per capita income is $34,092. The unemployment rate stands at 7.3% (103% above the U.S. rate of 3.6%). 14.9% of residents live below the poverty line. The area is home to 2,032 business establishments, including 165 restaurants.
Housing & Cost of Living
The median home value in Milford is $181,300 , 36% below the national median of $281,900.
Zillow estimates the typical home at $316,218. Median rent is $797/month, with 13.1% of renters spending more than 30% of income on housing. The cost of living index is 90.1 (100 = national average). The median home was built in 1976.
Education
13.9% of adults in Milford hold a bachelor's degree or higher
(59% below the national average).
84.1% have completed high school. Local schools score 6.6/10 in standardized testing.
Climate & Weather
Milford has an average annual temperature of 55°F (13°C).
Winters average 29°F in January while summers reach 79°F in July. Annual precipitation totals 32.9 inches.
Data Overview
People
Population307
Median Age39.3 yrs
Density539/mi²
Male / Female52% / 48%
Foreign Born7.5%
Veterans20.6%
Economy
B
Median Income$73,750
Per Capita$34,092
Unemployment7.3%
Poverty14.9%
County GDP$3,814M
Avg Weekly Wage$1,007
Housing
A+
Home Value$181,300
Rent$797
Ownership57.8%
Zillow$316,218
Housing Units188
Rent Burden13.1%
Health
Obesity32.7%
Diabetes9.4%
Smoking15.4%
Heart Disease5.7%
Premature Death5,337/100K
Climate
Avg Temp55°F
Rain32.9 in/yr
Elevation1,185 ft
Education
C
Bachelor's+13.9%
High School+84.1%
Graduate+6.6%
School Score6.6/10
Community
2024 VoteR 48% / D 50%
Commute29 min
Broadband92.6%
Internet Speed103 Mbps
EV Stations4
Libraries3
Did You Know?
The median home in Milford was built in 1976.
The nearest airport is Manhattan Regional (13 miles).
The Gini coefficient (income inequality) is 0.484 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
24.3% of the population has a disability.
Average internet download speed is 103 Mbps.
There are 165 restaurants in the area.
The county recorded 3 fatal vehicle crashes.