At a Glance
Median Income
$63,750
$38,272 per capita
Home Value
$137,500
Zillow: $375,218
Median Rent
$825/mo
30.0% of income on rent
Bachelor's Degree+
32.8%
96.5% high school+
Unemployment
1.1%
5.5% poverty rate
Obesity Rate
31.9%
14.3% 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 $63,750 , which is 15% below the national average of $75,149.
Per capita income is $38,272. The unemployment rate stands at 1.1% (69% below the U.S. rate of 3.6%). 5.5% of residents live below the poverty line. The area is home to 710 business establishments, including 62 restaurants.
Housing & Cost of Living
The median home value in Milford is $137,500 , 51% below the national median of $281,900.
Zillow estimates the typical home at $375,218. Median rent is $825/month, with 30.0% of renters spending more than 30% of income on housing. The cost of living index is 107.9 (100 = national average). The median home was built in 1938.
Education
32.8% of adults in Milford hold a bachelor's degree or higher
(3% below the national average).
96.5% have completed high school. Local schools score 5.3/10 in standardized testing.
Climate & Weather
Milford has an average annual temperature of 43°F (6°C).
Winters average 18°F in January while summers reach 66°F in July. Annual precipitation totals 47.6 inches.
Data Overview
People
Population467
Median Age48.7 yrs
Density1,112/mi²
Male / Female43% / 57%
Foreign Born13.1%
Veterans8.6%
Economy
A
Median Income$63,750
Per Capita$38,272
Unemployment1.1%
Poverty5.5%
County GDP$1,320M
Avg Weekly Wage$1,050
Housing
A+
Home Value$137,500
Rent$825
Ownership70.8%
Zillow$375,218
Housing Units257
Rent Burden30.0%
Health
Obesity31.9%
Diabetes8.8%
Smoking14.3%
Heart Disease5.4%
Premature Death7,415/100K
Climate
Avg Temp43°F
Rain47.6 in/yr
Elevation1,212 ft
Education
B+
Bachelor's+32.8%
High School+96.5%
Graduate+10.8%
School Score5.3/10
Community
2024 VoteR 65% / D 35%
Commute24 min
Broadband84.9%
Internet Speed153 Mbps
EV Stations1
Libraries4
Did You Know?
The median home in Milford was built in 1938.
The nearest airport is Albert S Nader Regional (8 miles).
The Gini coefficient (income inequality) is 0.427 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
13.1% of the population has a disability.
13.1% of residents are foreign-born.
Average internet download speed is 153 Mbps.
The county recorded 3 fatal vehicle crashes.