Living in Milford, Nebraska
Cost of living, income, home prices, rent and demographics of Milford · Census data 2020–2024
Milford has 2,565 residents with a median age of 33.1. The median household income is $82,699 (8% higher than the Nebraska median), the median home value is $228,200, the median rent is $892/month.
Milford at a glance
- Population
- 2,565
- Median age
- 33.1State: 37.2
- Median household income
- $82,699State: $76,475
- Median home value
- $228,200State: $238,600
- Median rent
- $892/moState: $1,072
- Homeowners
- 60.5%
- Bachelor's degree or higher
- 28.4%
- Average commute
- 19 min
Is Milford a good place to live?
Pros: Median household income 8% higher than the Nebraska median; home values 4% lower than the state median; an average commute of 19 minutes; unemployment of 0.3%; a poverty rate of 7.2%.
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 $228,200, 31% lower than the U.S. median. Renters pay a median of $892 per month, which is 23.1% of household income. Homeowners with a mortgage pay $1,509 a month in housing costs.
Milford median household income
The median household income in Milford is $82,699 and the income per person is $35,986. 7.2% of residents live below the poverty line (Nebraska: 10.6%).
Housing in Milford: homes for sale and rent
- Housing units
- 1,016
- Owner-occupied
- 60.5%
- Renter-occupied
- 39.5%
- Vacant
- 3%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.34
Milford demographics
- Population
- 2,565
- Median age
- 33.1
- Under 18
- 22.2%
- 65 and older
- 15.8%
- Households
- 986
- Foreign-born
- 2.3%
- Veterans
- 6.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Milford ›
Education in Milford
28.4% of adults 25 and older in Milford have a bachelor's degree or higher (Nebraska: 34.6%), and 6.4% have a graduate or professional degree.
Jobs and commute in Milford
- Unemployment rate
- 0.3%State: 3%
- Average commute
- 19 minState: 19 min
- Work from home
- 6.3%
- Drive alone
- 79.4%
- Public transit
- 0.3%
- Walk to work
- 3.2%
- Homes with broadband
- 88.5%
Milford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milford | 2,565 | $82,699 | $228,200 | $892 |
| Pleasant Dale | 244 | $64,250 | $177,800 | $916 |
| Dorchester | 550 | $74,286 | $163,200 | $638 |
| Goehner | 309 | $96,767 | $158,100 | — |
| Seward | 7,678 | $72,564 | $244,600 | $1,018 |
| Denton | 145 | $57,250 | $247,900 | $878 |
| Crete | 7,527 | $77,209 | $223,500 | $936 |
| Beaver Crossing | 357 | $62,813 | $142,600 | $938 |
| Garland | 180 | $51,979 | $185,000 | — |
More for people moving to Milford
Milford ZIP code ›Weather and climate ›Living in Milford: FAQ
What is the median household income in Milford, NE?
The median household income in Milford is $82,699, 8% higher than the Nebraska median of $76,475 (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 $228,200, compared with $238,600 in Nebraska.
How much is rent in Milford?
The median gross rent in Milford is $892 per month, about 23.1% of household income.
Is Milford, NE a good place to live?
Pluses: median household income 8% higher than the Nebraska median; home values 4% lower than the state median; an average commute of 19 minutes; unemployment of 0.3%; a poverty rate of 7.2%.
What is the median age in Milford?
The median age in Milford is 33.1 years (Nebraska: 37.2).
How long is the commute in Milford?
The average commute to work in Milford is 19 minutes; 6.3% of workers work from home.
What is the unemployment rate in Milford?
The unemployment rate in Milford is 0.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milford?
28.4% 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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