Living in Milford, Ohio
Cost of living, income, home prices, rent and demographics of Milford · Census data 2020–2024
Milford has 6,497 residents with a median age of 49. The median household income is $78,057 (9% higher than the Ohio median), the median home value is $238,700, the median rent is $940/month.
Milford at a glance
- Population
- 6,497
- Median age
- 49State: 39.7
- Median household income
- $78,057State: $71,389
- Median home value
- $238,700State: $214,800
- Median rent
- $940/moState: $1,034
- Homeowners
- 49.6%
- Bachelor's degree or higher
- 37%
- Average commute
- 20 min
Is Milford a good place to live?
Pros: Median household income 9% higher than the Ohio median; an average commute of 20 minutes; a poverty rate of 9.9%.
Cons: Home values 11% higher than the state median; unemployment of 5.2%.
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 $238,700, 28% lower than the U.S. median. Renters pay a median of $940 per month, which is 24.1% of household income. Homeowners with a mortgage pay $1,593 a month in housing costs.
Milford median household income
The median household income in Milford is $78,057 and the income per person is $49,485. 9.9% of residents live below the poverty line (Ohio: 13.3%).
Housing in Milford: homes for sale and rent
- Housing units
- 3,490
- Owner-occupied
- 49.6%
- Renter-occupied
- 50.4%
- Vacant
- 4.3%Includes seasonal homes
- Median year built
- 1968
- Average household size
- 1.90
Milford demographics
- Population
- 6,497
- Median age
- 49
- Under 18
- 18.2%
- 65 and older
- 29.8%
- Households
- 3,339
- Foreign-born
- 1.7%
- Veterans
- 4.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Milford ›
Education in Milford
37% of adults 25 and older in Milford have a bachelor's degree or higher (Ohio: 31.5%), and 16.3% have a graduate or professional degree.
Jobs and commute in Milford
- Unemployment rate
- 5.2%State: 4.8%
- Average commute
- 20 minState: 23 min
- Work from home
- 11.3%
- Drive alone
- 77.2%
- Public transit
- 0.2%
- Walk to work
- 6.1%
- Homes with broadband
- 88.7%
Milford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milford | 6,497 | $78,057 | $238,700 | $940 |
| Terrace Park | 2,295 | $197,750 | $606,600 | $3,200 |
| Camp Dennison | 265 | $100,893 | $235,000 | $1,750 |
| Mulberry | 3,821 | $75,969 | $219,600 | $1,364 |
| Day Heights | 2,457 | $94,138 | $258,900 | $1,105 |
| The Village of Indian Hill | 6,052 | $234,821 | $1,192,800 | $2,684 |
| Summerside | 4,662 | $71,241 | $210,200 | $1,177 |
| Mount Repose | 3,798 | $102,031 | $253,500 | $892 |
| Plainville | 100 | $65,875 | $483,300 | — |
More for people moving to Milford
Milford ZIP code ›Weather and climate ›Living in Milford: FAQ
What is the median household income in Milford, OH?
The median household income in Milford is $78,057, 9% higher than the Ohio median of $71,389 (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 $238,700, compared with $214,800 in Ohio.
How much is rent in Milford?
The median gross rent in Milford is $940 per month, about 24.1% of household income.
Is Milford, OH a good place to live?
Pluses: median household income 9% higher than the Ohio median; an average commute of 20 minutes; a poverty rate of 9.9%. Minuses: home values 11% higher than the state median; unemployment of 5.2%.
What is the median age in Milford?
The median age in Milford is 49 years (Ohio: 39.7).
How long is the commute in Milford?
The average commute to work in Milford is 20 minutes; 11.3% of workers work from home.
What is the unemployment rate in Milford?
The unemployment rate in Milford is 5.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milford?
37% 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.
Last updated: