Living in Milford, Pennsylvania
Cost of living, income, home prices, rent and demographics of Milford · Census data 2020–2024
Milford has 10,231 residents with a median age of 44.2. The median household income is $125,093 (60% higher than the Pennsylvania median), the median home value is $413,100, the median rent is $1,741/month.
Milford at a glance
- Population
- 10,231
- Median age
- 44.2State: 40.9
- Median household income
- $125,093State: $77,971
- Median home value
- $413,100State: $254,500
- Median rent
- $1,741/moState: $1,209
- Homeowners
- 92.9%
- Bachelor's degree or higher
- 38.7%
- Average commute
- 28 min
Is Milford a good place to live?
Pros: Median household income 60% higher than the Pennsylvania median; unemployment of 2.5%; a poverty rate of 4.4%.
Cons: Home values 62% higher than the state median; an average commute of 28 minutes.
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 $413,100, 24% higher than the U.S. median. Renters pay a median of $1,741 per month, which is 21.1% of household income. Homeowners with a mortgage pay $2,320 a month in housing costs.
Milford median household income
The median household income in Milford is $125,093 and the income per person is $53,933. 4.4% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Milford: homes for sale and rent
- Housing units
- 3,764
- Owner-occupied
- 92.9%
- Renter-occupied
- 7.1%
- Vacant
- 3.8%Includes seasonal homes
- Median year built
- 1990
- Average household size
- 2.78
Milford demographics
- Population
- 10,231
- Median age
- 44.2
- Under 18
- 22.9%
- 65 and older
- 19.4%
- Households
- 3,620
- Foreign-born
- 4.6%
- Veterans
- 8.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Milford ›
Education in Milford
38.7% of adults 25 and older in Milford have a bachelor's degree or higher (Pennsylvania: 35.2%), and 17.4% have a graduate or professional degree.
Jobs and commute in Milford
- Unemployment rate
- 2.5%State: 5.3%
- Average commute
- 28 minState: 26 min
- Work from home
- 13.5%
- Drive alone
- 79.5%
- Public transit
- 0.2%
- Walk to work
- 1.3%
- Homes with broadband
- 93.8%
Milford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milford | 10,231 | $125,093 | $413,100 | $1,741 |
| Milford Square | 1,312 | $179,355 | $307,700 | $1,719 |
| Spinnerstown | 1,780 | $143,375 | $417,200 | — |
| Trumbauersville | 772 | $112,500 | $345,100 | $1,423 |
| Quakertown | 9,319 | $85,959 | $278,500 | $1,321 |
| Lower Milford | 3,872 | $123,186 | $430,500 | $1,512 |
| Richland | 14,087 | $99,476 | $345,700 | $1,755 |
| Pennsburg | 3,994 | $111,848 | $275,900 | $1,361 |
| East Greenville | 3,169 | $87,396 | $253,400 | $1,338 |
More for people moving to Milford
Milford ZIP code ›Weather and climate ›Living in Milford: FAQ
What is the median household income in Milford, PA?
The median household income in Milford is $125,093, 60% higher than the Pennsylvania median of $77,971 (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 $413,100, compared with $254,500 in Pennsylvania.
How much is rent in Milford?
The median gross rent in Milford is $1,741 per month, about 21.1% of household income.
Is Milford, PA a good place to live?
Pluses: median household income 60% higher than the Pennsylvania median; unemployment of 2.5%; a poverty rate of 4.4%. Minuses: home values 62% higher than the state median; an average commute of 28 minutes.
What is the median age in Milford?
The median age in Milford is 44.2 years (Pennsylvania: 40.9).
How long is the commute in Milford?
The average commute to work in Milford is 28 minutes; 13.5% of workers work from home.
What is the unemployment rate in Milford?
The unemployment rate in Milford is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milford?
38.7% 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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