New Jersey · Metropolitan Area
Milford is a small town in New Jersey with a population of 1,306. Residents earn $88,295 per year, which is 17% above the national average.
Based on current data, Milford receives an overall livability score of 4.4 out of 5.0, earning a grade of A. Key strengths include above-average household incomes, a highly educated population, a low poverty rate, high health insurance coverage. Milford stands out as an excellent place to live, with strong marks across most quality-of-life indicators.
The median household income in Milford is $88,295, 17% above the national average of $75,149. Residents generally enjoy above-average earning potential. Unemployment stands at 4.5%, indicating a healthy job market. Only 4.7% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 34 minutes.
The median home value in Milford is $304,100, roughly aligned with the national median of $281,900. Renters pay a median of $1,476 per month, significantly above the national average of $1,163. A price-to-income ratio of 3.4x indicates a reasonably affordable housing market.
Educational attainment is solid, with 39.7% holding a bachelor's degree or higher, near the national average. 92.7% have completed high school. Local schools score 6.2/10 in standardized testing, reflecting strong academic performance.
Milford experiences four distinct seasons with an average temperature of 52°F. Winters average 29°F in January while summers reach 74°F in July. Annual precipitation totals 51.0 inches. Air quality is rated Good with a median AQI of 39.
| English Only | 92.0% |
| 17% above US avg | |
| Spanish | 8.0% |
| 40% below US avg |
| Median HH Income | $88,295 |
| 17% above US avg | |
| Per Capita Income | $43,878 |
| Avg Weekly Wage | $1,249 |
| IRS Avg AGI | $121,435 |
| Unemployment | 4.5% |
| 25% above US avg | |
| Poverty Rate | 4.7% |
| 62% below US avg | |
| Establishments (County) | 21,271 |
| County GDP | $48,827M |
| Restaurants | 1,489 |
| Healthcare | 2,160 |
| Retail | 2,224 |
| Manufacturing | 943 |
| Property Tax (IRS) | $8,754 |
| 150% above US avg | |
| Effective Tax Rate | 2.88% |
| Commute Time | 34.0 min |
| Work from Home | 17.6% |
| Census Median | $304,100 |
| 8% above US avg | |
| Zillow ZHVI | $507,686 |
| Median List Price | $425,000 |
| Median List Price | $425,000 |
| $/Sq Ft | $206 |
| Homes Sold | 2 |
| Sale-to-List Ratio | 95.5% |
| Price Drops | 0.0% |
| Inventory | 11 |
| Census Median Rent | $1,476 |
| 27% above US avg |
| Studio | $1,599 |
| 1 Bedroom | $1,759 |
| 2 Bedrooms | $2,132 |
| 3 Bedrooms | $2,658 |
| 4 Bedrooms | $3,005 |
| Owner-Occupied | 73.4% |
| Avg Tax (IRS) | $8,754 |
| 150% above US avg | |
| Effective Rate | 2.88% |
| Obesity | 26.5% |
| 17% below US avg | |
| Diabetes | 6.8% |
| Heart Disease | 4.2% |
| High Blood Pressure | 25.6% |
| Asthma | 9.2% |
| COPD | 4.0% |
| Stroke | 2.1% |
| Binge Drinking | 19.8% |
| Physical Inactivity | 17.2% |
| Depression | 18.9% |
| Mental Distress | 15.4% |
| Physical Distress | 10.2% |
| Insurance Rate | 98.0% |
| Checkup Rate | 75.2% |
| Premature Death | 6,421/100K |
| Food Environment | 9.1/10 |
| Exercise Access | 91.9% |
| Healthcare Facilities | 2,160 |
| Fatal Crashes (County/yr) | 49 |
| Annual Average | 51.6°F |
| 4% below US avg | |
| January Average | 29°F (-2°C) |
| July Average | 74°F (23°C) |
| Annual Rainfall | 51.0 inches |
| 34% above US avg |
| AQI Median | 39.0 |
| Rating | Good |
| Elevation | 383 ft (117 m) |
| Area | 1.2 sq mi (3.1 km²) |
| Population Density | 1,107/sq mi |
| Coordinates | 40.5735°N, 75.0897°W |
| County FIPS | 42017 |
Winner: Republican by 0.1 points
| Bachelor's Degree+ | 39.7% |
| 18% above US avg | |
| High School+ | 92.7% |
| School Test Score | 6.24 |
| RUCC Code 1 | Metro — 1 million+ |
| Population Density | 1,107/sq mi |
| Total Area | 1.2 sq mi |
| Public Libraries | 16 |
| Healthcare Facilities | 2,160 |
| Restaurants | 1,489 |
| Retail Stores | 2,224 |
| Fatal Crashes (County/yr) | 49 |
| Avg Commute | 34.0 min |
| Work from Home | 17.6% |