Living in Milford, Pennsylvania
Cost of living, income, home prices, rent and demographics of Milford · Census data 2020–2024
Milford has 1,198 residents with a median age of 42.3. The median household income is $74,844 (4% lower than the Pennsylvania median), the median home value is $362,600, the median rent is $1,481/month.
Milford is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Milford at a glance
- Population
- 1,198
- Median age
- 42.3State: 40.9
- Median household income
- $74,844State: $77,971
- Median home value
- $362,600State: $254,500
- Median rent
- $1,481/moState: $1,209
- Homeowners
- 43.1%
- Bachelor's degree or higher
- 40.9%
- Average commute
- 20 min
Is Milford a good place to live?
Pros: An average commute of 20 minutes; unemployment of 2.4%; a poverty rate of 11.3%.
Cons: Median household income 4% lower than the Pennsylvania median; home values 42% higher than the state median.
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 $362,600, 9% higher than the U.S. median. Renters pay a median of $1,481 per month, which is 25.5% of household income. Homeowners with a mortgage pay $1,987 a month in housing costs.
Milford median household income
The median household income in Milford is $74,844 and the income per person is $46,069. 11.3% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Milford: homes for sale and rent
- Housing units
- 680
- Owner-occupied
- 43.1%
- Renter-occupied
- 56.9%
- Vacant
- 11.6%Includes seasonal homes
- Median year built
- 1948
- Average household size
- 1.93
Milford demographics
- Population
- 1,198
- Median age
- 42.3
- Under 18
- 7%
- 65 and older
- 23.1%
- Households
- 601
- Foreign-born
- 4.4%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Milford ›
Education in Milford
40.9% of adults 25 and older in Milford have a bachelor's degree or higher (Pennsylvania: 35.2%), and 15.6% have a graduate or professional degree.
Jobs and commute in Milford
- Unemployment rate
- 2.4%State: 5.3%
- Average commute
- 20 minState: 26 min
- Work from home
- 9.5%
- Drive alone
- 64.3%
- Public transit
- 1.2%
- Walk to work
- 5.5%
- Homes with broadband
- 90%
Milford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milford | 1,198 | $74,844 | $362,600 | $1,481 |
| Pocono Woodland Lakes | 3,202 | $118,814 | $348,000 | — |
| Montague | 3,833 | $101,250 | $344,500 | $1,260 |
| Westfall | 2,982 | $72,337 | $299,900 | $1,198 |
| Matamoras | 2,539 | $76,500 | $245,700 | $1,266 |
| Dingman | 12,931 | $100,972 | $286,500 | $1,544 |
| Port Jervis | 8,652 | $47,917 | $236,700 | $1,260 |
| Sparrow Bush | 1,119 | $56,349 | $240,000 | — |
| Layton | 967 | $130,313 | $376,300 | — |
More for people moving to Milford
Milford ZIP code ›Weather and climate ›Living in Milford: FAQ
What is the median household income in Milford, PA?
The median household income in Milford is $74,844, 4% lower 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 $362,600, compared with $254,500 in Pennsylvania.
How much is rent in Milford?
The median gross rent in Milford is $1,481 per month, about 25.5% of household income.
Is Milford, PA a good place to live?
Pluses: an average commute of 20 minutes; unemployment of 2.4%; a poverty rate of 11.3%. Minuses: median household income 4% lower than the Pennsylvania median; home values 42% higher than the state median.
What is the median age in Milford?
The median age in Milford is 42.3 years (Pennsylvania: 40.9).
How long is the commute in Milford?
The average commute to work in Milford is 20 minutes; 9.5% of workers work from home.
What is the unemployment rate in Milford?
The unemployment rate in Milford is 2.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milford?
40.9% 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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