At a Glance
Median Income
$88,295
$43,878 per capita
Home Value
$304,100
Zillow: $531,952
Median Rent
$1,476/mo
28.3% of income on rent
Bachelor's Degree+
39.7%
92.7% high school+
Unemployment
7.1%
4.7% poverty rate
Obesity Rate
26.5%
9.2% 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?
A
4.3 / 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 7.1% (97% 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 $531,952. 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.
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. Annual precipitation totals 51.2 inches.
Data Overview
People
Population1,306
Median Age43.1 yrs
Density1,107/mi²
Male / Female46% / 54%
Foreign Born6.2%
Veterans5.1%
Economy
A
Median Income$88,295
Per Capita$43,878
Unemployment7.1%
Poverty4.7%
County GDP$48,827M
Avg Weekly Wage$1,249
Housing
A+
Home Value$304,100
Rent$1,476
Ownership73.4%
Zillow$531,952
Housing Units565
Rent Burden28.3%
Health
Obesity26.5%
Diabetes6.8%
Smoking9.2%
Heart Disease4.2%
Premature Death6,421/100K
Climate
Avg Temp52°F
Rain51.2 in/yr
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.
13.3% of the population has a disability.
Average internet download speed is 240 Mbps.
There are 1,489 restaurants in the area.
The county recorded 49 fatal vehicle crashes.