Last updated: 2024 BLS data · Page refreshed:
Milford has a population of 6,497 with a median age of 49.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 6,497 |
| Median Age | 49.0 |
| White | 92.5% |
| Black or African American | 2.4% |
| Asian | 0.5% |
| Other / Two or More Races | 4.6% |
The median household income in Milford is $78,057, which is 3.2% below the national median of $80,610. The per capita income is $49,485. The poverty rate is 9.9%.
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In Milford, 92.3% of residents age 25+ have a high school diploma or higher, and 37.0% hold a bachelor's degree or higher (16.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 92.3% |
| Bachelor's Degree or Higher | 37.0% |
| Graduate or Professional Degree | 16.3% |
The median home value in Milford is $238,700, below the national median of $303,400. The median monthly rent is $940. The homeownership rate is 49.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $238,700 |
| Median Monthly Rent | $940 |
| Homeownership Rate | 49.6% |
| Vacancy Rate | 4.3% |
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