Milford has a population of 11,714 with a median age of 43.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 11,714 |
| Median Age | 43.6 |
| White | 59.9% |
| Black or African American | 22.8% |
| Asian | 3.3% |
| Hispanic or Latino | 13.3% |
| Other / Two or More Races | 0.7% |
The median household income in Milford is $53,472, which is 28.8% below the national median of $75,149. The per capita income is $33,823. The poverty rate is 16.0%.
The unemployment rate in Milford is 6.1%, compared to the national rate of 5.4%.
In Milford, 87.0% of residents age 25+ have a high school diploma or higher, and 29.2% hold a bachelor's degree or higher (10.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 87.0% |
| Bachelor's Degree or Higher | 29.2% |
| Graduate or Professional Degree | 10.6% |
The median home value in Milford is $255,300, below the national median of $281,900. The median monthly rent is $1,109. The homeownership rate is 50.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $255,300 |
| Median Monthly Rent | $1,109 |
| Homeownership Rate | 50.0% |
| Vacancy Rate | 6.8% |
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