Living in Milford, Illinois
Cost of living, income, home prices, rent and demographics of Milford · Census data 2020–2024
Milford has 1,052 residents with a median age of 41.8. The median household income is $46,827 (44% lower than the Illinois median), the median home value is $74,600, the median rent is $716/month.
Milford is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Milford at a glance
- Population
- 1,052
- Median age
- 41.8State: 39
- Median household income
- $46,827State: $83,390
- Median home value
- $74,600State: $263,300
- Median rent
- $716/moState: $1,274
- Homeowners
- 79.1%
- Bachelor's degree or higher
- 22.4%
- Average commute
- 25 min
Is Milford a good place to live?
Pros: Home values 72% lower than the state median; an average commute of 25 minutes; unemployment of 4.2%.
Cons: Median household income 44% lower than the Illinois median; a poverty rate of 26.8%.
The weather is best in May–June and August–September.
Cost of living in Milford
Housing is the biggest part of the cost of living. In Milford the median home value is $74,600, 78% lower than the U.S. median. Renters pay a median of $716 per month, which is 24% of household income. Homeowners with a mortgage pay $1,009 a month in housing costs.
Milford median household income
The median household income in Milford is $46,827 and the income per person is $26,917. 26.8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Milford: homes for sale and rent
- Housing units
- 601
- Owner-occupied
- 79.1%
- Renter-occupied
- 20.9%
- Vacant
- 12.3%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.00
Milford demographics
- Population
- 1,052
- Median age
- 41.8
- Under 18
- 19.1%
- 65 and older
- 20.6%
- Households
- 527
- Foreign-born
- 0.9%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Milford ›
Education in Milford
22.4% of adults 25 and older in Milford have a bachelor's degree or higher (Illinois: 37.8%), and 4.4% have a graduate or professional degree.
Jobs and commute in Milford
- Unemployment rate
- 4.2%State: 5.8%
- Average commute
- 25 minState: 28 min
- Work from home
- 3.6%
- Drive alone
- 87.9%
- Public transit
- 0%
- Walk to work
- 4%
- Homes with broadband
- 83.5%
Milford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milford | 1,052 | $46,827 | $74,600 | $716 |
| Wellington | 165 | $54,063 | $67,200 | — |
| Woodland | 297 | $51,932 | $86,400 | — |
| Watseka | 4,780 | $43,608 | $103,700 | $790 |
| Cissna Park | 903 | $56,667 | $130,300 | $745 |
| Hoopeston | 5,034 | $60,861 | $78,100 | $882 |
| Sheldon | 1,195 | $44,280 | $78,000 | $801 |
| East Lynn | 373 | $243,544 | — | — |
| Crescent City | 456 | $58,333 | $116,500 | $817 |
More for people moving to Milford
Milford ZIP code ›Weather and climate ›Living in Milford: FAQ
What is the median household income in Milford, IL?
The median household income in Milford is $46,827, 44% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Milford?
The median home value in Milford is $74,600, compared with $263,300 in Illinois.
How much is rent in Milford?
The median gross rent in Milford is $716 per month, about 24% of household income.
Is Milford, IL a good place to live?
Pluses: home values 72% lower than the state median; an average commute of 25 minutes; unemployment of 4.2%. Minuses: median household income 44% lower than the Illinois median; a poverty rate of 26.8%.
What is the median age in Milford?
The median age in Milford is 41.8 years (Illinois: 39).
How long is the commute in Milford?
The average commute to work in Milford is 25 minutes; 3.6% of workers work from home.
What is the unemployment rate in Milford?
The unemployment rate in Milford is 4.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milford?
22.4% of adults in Milford have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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