Living in Milford, Texas
Cost of living, income, home prices, rent and demographics of Milford · Census data 2020–2024
Milford has 966 residents with a median age of 32. The median household income is $30,850 (61% lower than the Texas median), the median home value is $160,200, the median rent is $924/month.
Milford is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Milford at a glance
- Population
- 966
- Median age
- 32State: 35.6
- Median household income
- $30,850State: $78,476
- Median home value
- $160,200State: $283,800
- Median rent
- $924/moState: $1,403
- Homeowners
- 52.7%
- Bachelor's degree or higher
- 8.8%
- Average commute
- 31 min
Is Milford a good place to live?
Pros: Home values 44% lower than the state median; unemployment of 3.5%.
Cons: Median household income 61% lower than the Texas median; an average commute of 31 minutes; a poverty rate of 25.4%.
The weather is best in March–April and October–November.
Cost of living in Milford
Housing is the biggest part of the cost of living. In Milford the median home value is $160,200, 52% lower than the U.S. median. Renters pay a median of $924 per month, which is 51% of household income. Homeowners with a mortgage pay $1,175 a month in housing costs.
Milford median household income
The median household income in Milford is $30,850 and the income per person is $24,218. 25.4% of residents live below the poverty line (Texas: 13.8%).
Housing in Milford: homes for sale and rent
- Housing units
- 398
- Owner-occupied
- 52.7%
- Renter-occupied
- 47.3%
- Vacant
- 11.3%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.74
Milford demographics
- Population
- 966
- Median age
- 32
- Under 18
- 26.4%
- 65 and older
- 16.7%
- Households
- 353
- Foreign-born
- 1.4%
- Veterans
- 7.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Milford ›
Education in Milford
8.8% of adults 25 and older in Milford have a bachelor's degree or higher (Texas: 33.8%), and 3.2% have a graduate or professional degree.
Jobs and commute in Milford
- Unemployment rate
- 3.5%State: 5.3%
- Average commute
- 31 minState: 27 min
- Work from home
- 2.8%
- Drive alone
- 82.4%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 83.9%
Milford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milford | 966 | $30,850 | $160,200 | $924 |
| Mertens | 123 | $43,000 | $88,000 | $630 |
| Italy | 2,372 | $60,754 | $168,600 | $1,285 |
| Carl's Corner | 298 | $81,250 | $93,800 | — |
| Frost | 968 | $115,500 | $123,900 | $850 |
| Bynum | 236 | $83,750 | $108,300 | $933 |
| Itasca | 2,073 | $77,227 | $114,800 | $785 |
| Hillsboro | 8,506 | $56,083 | $157,900 | $980 |
| Maypearl | 907 | $69,550 | $335,300 | $1,570 |
More for people moving to Milford
Milford ZIP code ›Weather and climate ›Living in Milford: FAQ
What is the median household income in Milford, TX?
The median household income in Milford is $30,850, 61% lower than the Texas median of $78,476 (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 $160,200, compared with $283,800 in Texas.
How much is rent in Milford?
The median gross rent in Milford is $924 per month, about 51% of household income.
Is Milford, TX a good place to live?
Pluses: home values 44% lower than the state median; unemployment of 3.5%. Minuses: median household income 61% lower than the Texas median; an average commute of 31 minutes; a poverty rate of 25.4%.
What is the median age in Milford?
The median age in Milford is 32 years (Texas: 35.6).
How long is the commute in Milford?
The average commute to work in Milford is 31 minutes; 2.8% of workers work from home.
What is the unemployment rate in Milford?
The unemployment rate in Milford is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milford?
8.8% 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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