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Milford Mill, Maryland

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
30,829
Population
$69,711
Median Income
$273,600
Home Value
37.9
Median Age

Demographics

Milford Mill has a population of 30,829 with a median age of 37.9. Here is the racial and ethnic breakdown of the population:

Black
80.7%
White
8.0%
Hispanic
7.8%
Asian
2.0%
Other
1.5%
Demographic Value
Total Population30,829
Median Age37.9
White8.0%
Black or African American80.7%
Asian2.0%
Hispanic or Latino7.8%
Other / Two or More Races1.5%
Milford Mill, Maryland — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.Black: 80.7%White: 8.0%Hispanic/Latino: 7.8%Asian: 2.0%Other: 1.5%30,829PopulationBlackBlack80.7%WhiteWhite8.0%Hispanic/LatinoHispanic/Latino7.8%AsianAsian2.0%OtherOther1.5%

Income & Economy

The median household income in Milford Mill is $69,711, which is 13.5% below the national median of $80,610. The per capita income is $36,507. The poverty rate is 8.7%.

$69,711
Median Household Income
$36,507
Per Capita Income
8.7%
Poverty Rate

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Education

In Milford Mill, 92.3% of residents age 25+ have a high school diploma or higher, and 31.2% hold a bachelor's degree or higher (11.3% with a graduate or professional degree).

HS Diploma+
92.3%
Bachelor's+
31.2%
Graduate+
11.3%
Education Level % of Adults (25+)
High School Diploma or Higher92.3%
Bachelor's Degree or Higher31.2%
Graduate or Professional Degree11.3%

Housing

The median home value in Milford Mill is $273,600, below the national median of $303,400. The median monthly rent is $1,653. The homeownership rate is 46.4%.

$273,600
Median Home Value
$1,653/mo
Median Rent
46.4%
Homeownership Rate
Housing Metric Value
Median Home Value$273,600
Median Monthly Rent$1,653
Homeownership Rate46.4%
Vacancy Rate5.9%

Salaries in Maryland

Explore salary data for popular occupations in Maryland:

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Other Cities in Maryland

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Frequently Asked Questions

What is the population of Milford Mill, Maryland?
The population of Milford Mill, Maryland is 30,829 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Milford Mill, Maryland?
The median household income in Milford Mill, Maryland is $69,711. This is 13.5% below the national median of $80,610.
What is the median home value in Milford Mill, Maryland?
The median home value in Milford Mill, Maryland is $273,600. The median monthly rent is $1,653.
What percentage of people in Milford Mill have a college degree?
In Milford Mill, Maryland, 31.2% of adults age 25 and older hold a bachelor's degree or higher, and 92.3% have a high school diploma or higher.
Is Milford Mill, Maryland an affordable place to live?
The home price-to-income ratio in Milford Mill, Maryland is 3.9x (median home value $273,600 vs. median income $69,711), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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