Living in Milford, Maine
Cost of living, income, home prices, rent and demographics of Milford · Census data 2020–2024
Milford has 3,095 residents with a median age of 43.3. The median household income is $85,111 (14% higher than the Maine median), the median home value is $176,400, the median rent is $943/month.
Milford at a glance
- Population
- 3,095
- Median age
- 43.3State: 44.8
- Median household income
- $85,111State: $74,733
- Median home value
- $176,400State: $296,600
- Median rent
- $943/moState: $1,139
- Homeowners
- 87.9%
- Bachelor's degree or higher
- 18.9%
- Average commute
- 23 min
Is Milford a good place to live?
Pros: Median household income 14% higher than the Maine median; home values 41% lower than the state median; an average commute of 23 minutes; a poverty rate of 5.3%.
Cons: Unemployment of 4%.
The weather is best in June to September.
Cost of living in Milford
Housing is the biggest part of the cost of living. In Milford the median home value is $176,400, 47% lower than the U.S. median. Renters pay a median of $943 per month, which is 38.9% of household income. Homeowners with a mortgage pay $1,465 a month in housing costs.
Milford median household income
The median household income in Milford is $85,111 and the income per person is $41,444. 5.3% of residents live below the poverty line (Maine: 10.7%).
Housing in Milford: homes for sale and rent
- Housing units
- 1,498
- Owner-occupied
- 87.9%
- Renter-occupied
- 12.1%
- Vacant
- 14.8%Includes seasonal homes
- Median year built
- 1987
- Average household size
- 2.42
Milford demographics
- Population
- 3,095
- Median age
- 43.3
- Under 18
- 17.1%
- 65 and older
- 17.2%
- Households
- 1,277
- Foreign-born
- 5.9%
- Veterans
- 2.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Milford ›
Education in Milford
18.9% of adults 25 and older in Milford have a bachelor's degree or higher (Maine: 36.2%), and 5.2% have a graduate or professional degree.
Jobs and commute in Milford
- Unemployment rate
- 4%State: 3.8%
- Average commute
- 23 minState: 25 min
- Work from home
- 11.9%
- Drive alone
- 82.1%
- Public transit
- 0%
- Walk to work
- 0.8%
- Homes with broadband
- 86.7%
Milford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milford | 3,095 | $85,111 | $176,400 | $943 |
| Greenbush | 1,378 | $60,321 | $131,000 | $861 |
| Bradley | 1,645 | $76,667 | $201,800 | $1,088 |
| Old Town | 7,470 | $51,585 | $208,100 | $989 |
| Alton | 819 | $62,955 | $179,500 | $866 |
| Orono | 11,902 | $61,528 | $272,600 | $1,255 |
| Amherst | 424 | $72,656 | $210,200 | — |
| Veazie | 1,847 | $78,229 | $293,100 | $1,095 |
| Eddington | 2,223 | $75,350 | $268,000 | $1,127 |
More for people moving to Milford
Milford ZIP code ›Weather and climate ›Living in Milford: FAQ
What is the median household income in Milford, ME?
The median household income in Milford is $85,111, 14% higher than the Maine median of $74,733 (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 $176,400, compared with $296,600 in Maine.
How much is rent in Milford?
The median gross rent in Milford is $943 per month, about 38.9% of household income.
Is Milford, ME a good place to live?
Pluses: median household income 14% higher than the Maine median; home values 41% lower than the state median; an average commute of 23 minutes; a poverty rate of 5.3%. Minuses: unemployment of 4%.
What is the median age in Milford?
The median age in Milford is 43.3 years (Maine: 44.8).
How long is the commute in Milford?
The average commute to work in Milford is 23 minutes; 11.9% of workers work from home.
What is the unemployment rate in Milford?
The unemployment rate in Milford is 4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milford?
18.9% 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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