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Milford, NJ

Full City Profile · New Jersey · Bucks County County

4.0 /5.0
A Great
1,306 Population 1,107/sq mi density
$88,295 Median Income $43,878 per capita
$304,100 Home Value $507,686 Zillow
$1,476 Median Rent 28.3% income on rent
52°F Avg Temperature 271 sunny days/yr
A
Overall
4.0 / 5.0
Strong
A
Economy
4.4 / 5.0
$88,295 median income, 4.5% unemployment
A+
Affordability
4.7 / 5.0
$304,100 home value, $1,476/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A
Education
4.2 / 5.0
39.7% bachelor's degree or higher

Milford, NJ

At a Glance

Median Income
$88,295
17% above
$43,878 per capita
Home Value
$304,100
8% above
Zillow: $507,686
Median Rent
$1,476/mo
27% above
28.3% of income on rent
Violent Crime
0/100K
100% below
1,184/100K property
Bachelor's Degree+
39.7%
18% above
92.7% high school+
Unemployment
4.5%
25% above
4.7% poverty rate
Obesity Rate
26.5%
17% below
9.2% smoking rate
Avg Temperature
52°F
271 sunny days/yr

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
117%
Home Value
108%
Rent
127%
Poverty
38%
Bachelor's
118%
Unemployment
125%
Crime
0%
Thin vertical line = U.S. national average (100%)

Is Milford a Good Place to Live?

A
4.0 / 5.0 — Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Milford residents earn a median household income of $88,295 , which is 17% above the national average of $75,149. Per capita income is $43,878. The unemployment rate stands at 4.5% (25% above the U.S. rate of 3.6%). 4.7% of residents live below the poverty line. The area is home to 21,271 business establishments, including 1,489 restaurants.

Housing & Cost of Living

The median home value in Milford is $304,100 , 8% above the national median of $281,900. Zillow estimates the typical home at $507,686. Median rent is $1,476/month, with 28.3% of renters spending more than 30% of income on housing. The cost of living index is 108.8 (100 = national average). The median home was built in 1954.

Safety & Crime

Milford reports 0 violent crimes per 100,000 residents , which is 100% below the national average of 380/100K. Property crime is 1,184/100K.

Education

39.7% of adults in Milford hold a bachelor's degree or higher (18% above the national average). 92.7% have completed high school. Local schools score 6.2/10 in standardized testing.

Climate & Weather

Milford has an average annual temperature of 52°F (11°C). Winters average 29°F in January while summers reach 74°F in July. The area gets 271 sunny days per year. Annual precipitation totals 51.0 inches. Air quality is rated Good with a median AQI of 39.

Data Overview

People

Population1,306
Median Age43.1 yrs
Density1,107/mi²
Male / Female46% / 54%
Foreign Born13.6%
Veterans5.1%

Economy

A
Median Income$88,295
Per Capita$43,878
Unemployment4.5%
Poverty4.7%
County GDP$48,827M
Avg Weekly Wage$1,249

Housing

A+
Home Value$304,100
Rent$1,476
Ownership73.4%
Zillow$507,686
Housing Units565
Rent Burden28.3%

Crime

C+
Violent0/100K
Property1,184/100K

Health

Obesity26.5%
Diabetes6.8%
Smoking9.2%
Heart Disease4.2%
Premature Death6,421/100K

Climate

Avg Temp52°F
Sunny Days271/yr
Rain51.0 in/yr
AQI39 (Good)
Elevation383 ft

Education

A
Bachelor's+39.7%
High School+92.7%
Graduate+13.4%
School Score6.2/10

Community

2024 VoteR 50% / D 49%
Commute34 min
Broadband90.9%
Internet Speed240 Mbps
EV Stations1
Libraries16

Did You Know?

The median home in Milford was built in 1954.
17.6% work from home.
The nearest airport is Lehigh Valley International (19 miles).
The Gini coefficient (income inequality) is 0.445 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
14.5% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 240 Mbps.
There are 1,489 restaurants in the area.
The county recorded 49 fatal vehicle crashes.