Last updated: 2024 BLS data · Page refreshed:
Milford has a population of 12,803 with a median age of 41.9. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 12,803 |
| Median Age | 41.9 |
| White | 54.0% |
| Black or African American | 19.6% |
| Asian | 4.6% |
| Hispanic or Latino | 16.5% |
| Other / Two or More Races | 5.3% |
The median household income in Milford is $59,464, which is 26.2% below the national median of $80,610. The per capita income is $34,975. The poverty rate is 17.2%.
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In Milford, 90.0% of residents age 25+ have a high school diploma or higher, and 27.6% hold a bachelor's degree or higher (9.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 90.0% |
| Bachelor's Degree or Higher | 27.6% |
| Graduate or Professional Degree | 9.3% |
The median home value in Milford is $296,900, below the national median of $303,400. The median monthly rent is $1,260. The homeownership rate is 51.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $296,900 |
| Median Monthly Rent | $1,260 |
| Homeownership Rate | 51.3% |
| Vacancy Rate | 5.9% |
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