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CITY

Milford

Indiana · 1,686 residents (2025 est.) · 1.452 sq mi
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The short version

Milford has notably lower household income than the US average, with a median household income of $51,667. Population has held roughly steady since 2000. 9% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has more than doubled since 2000, reaching $159,700. Households here earn about 28% less than the Indiana median.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 43.0
US median: 38.9
Less educated
9% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
1,661
+7%since 2000
from 1,550 in 2000
1990 – 2025
Population density
1,144 / sq mi
+7%since 2000
from 1,067 / sq mi in 2000
US average: 281
Median age
43.0
+19%since 2000
from 36.0 in 2000
US average: 38.9

PEP 2025 EST:1,686 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
1K2K2K2K2K1990201020202024Milford
20242K
1990201020202024
Section 02

Income & economy

Median household income
$51,667
−22%inflation adjusted, since 2000
from $36,458 in 2000
US average: $82,259
1990 – 2024
Per capita income
$30,234
+75%since 2000
from $17,247 in 2000
US average: $44,673
Households earning $100K+
35.6%
+17.3 ptssince 2009
from 18.3% in 2009
US average: 53.3%
Poverty rate
9.4%
+5.4 ptssince 2000
from 4.0% in 2000
US average: 12.5%
Income inequality (Gini)
0.404
+15%since 2010
from 0.352 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade49.7%
US avg: 9.9%
Information8.1%
US avg: 10.8%
Agriculture, forestry, fishing7%
US avg: 1.6%
Construction6.5%
US avg: 1.2%
Finance & insurance3.4%
US avg: 5.9%
Professional, scientific, technical3.4%
US avg: 5.1%
Other services2.1%
US avg: 6.7%
Public administration1.7%
US avg: 4.8%
Wholesale trade1.6%
US avg: 6.9%
Arts, entertainment, food0.7%
US avg: 1.9%
Manufacturing0.4%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$159,700
+19%inflation adjusted, since 2000
from $73,700 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,029
+24%inflation adjusted, since 2000
from $455 in 2000
US average: $1,442
Owner-occupied
76.3%
+8.4 ptssince 2000
from 68.0% in 2000
23.7% rent
Vacancy rate
1.7%
−2.7 ptssince 2009
from 4.5% in 2009
US average: 10.0%
Owner cost-burdened
37.0%
+19.7 ptssince 2009
from 17.2% in 2009
US average: 22.9%
Renter cost-burdened
46.0%
+22.2 ptssince 2009
from 23.8% in 2009
US average: 47.4%
Afford Score
3.1
+53%since 2000
from 2.0 in 2000
1990 – 2024
Gentrification Score
32
RELATED:See current rent listings in Milford on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic86.3%(1,337)
Black0.8%(13)
Hispanic / Latino11.2%(173)
Asian0.3%(4)
Other0%
Diversity Score27.6%(427)
2024
White, non-Hispanic78.7%(1,308)
Black0%(0)
Hispanic / Latino18.1%(300)
Asian1%(16)
Other2.2%(37)
Diversity Score43.3%(720)
Diversity Score
43
+57%since 2000
from 28 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
8.9%
+0.9 ptssince 2000
from 8.0% in 2000
US average: 35.6%
High school or higher
78.0%
+8.1 ptssince 2000
from 70.0% in 2000
US average: 89.6%
Graduate degree
2.5%
−0.7 ptssince 2000
from 3.2% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
23.9 min
+113%since 2000
from 11.2 min in 2000
US average: 26.5
Drive alone to work
87.4%
+6.3 ptssince 2009
from 81.1% in 2009
US average: 68.9%
Carpooled to work
6.7%
−6.6 ptssince 2009
from 13.2% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
0.7%
−3.5 ptssince 2009
from 4.2% in 2009
US average: 15.0%
Walked to work
5.0%
+4.5 ptssince 2009
from 0.4% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
0.7%
−5.7 ptssince 2009
from 6.3% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.7%
−11.0 ptssince 2011
from 12.7% in 2011
US average: 5.2%
Labor force participation
67.5%
−2.8 ptssince 2011
from 70.2% in 2011
US average: 63.5%
Self-employed
8.7%
+6.1 ptssince 2009
from 2.7% in 2009
US average: 13.1%
Management & professional
17.9%
−30.6 ptssince 2009
from 48.5% in 2009
US average: 42.5%
Section 08

People & community

Male
45.2%
−3.4 ptssince 2009
from 48.6% in 2009
Female
54.8%
+3.4 ptssince 2009
from 51.4% in 2009
Foreign born
9.8%
+2.3 ptssince 2009
from 7.5% in 2009
US average: 14.1%
Veterans
7.0%
−38.6 ptssince 2009
from 45.6% in 2009
US average: 6.2%
With a disability
19.3%
+8.8 ptssince 2012
from 10.5% in 2012
US average: 13.3%
Uninsured
11.2%
−70.0 ptssince 2013
from 81.2% in 2013
US average: 8.4%
Broadband at home
72.6%
+7.2 ptssince 2017
from 65.4% in 2017
US average: 91.0%
English only at home
80.7%
−7.8 ptssince 2016
from 88.5% in 2016
US average: 77.7%
Spanish at home
15.9%
+6.1 ptssince 2016
from 9.8% in 2016
US average: 13.6%
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MILFORD VS
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MILFORD VS
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MILFORD VS
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Home value$155,500−3%
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Frequently asked

How many people live in Milford, Indiana?

Milford, Indiana has about 1,661 residents according to the 2024 American Community Survey.

What is the median household income in Milford, Indiana?

The typical household in Milford, Indiana earns about $51,667 a year. Half of households make more than that, and half make less.

Is Milford, Indiana expensive?

In Milford, Indiana, the median home is worth about $159,700, and the typical rent is about $1,029 a month.

How educated are people in Milford, Indiana?

About 8.9% of adults age 25 and over in Milford, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Milford, Indiana?

About 9.4% of people in Milford, Indiana live below the federal poverty line.

Has Milford, Indiana grown since 1990?

Yes, Milford, Indiana has grown since 1990. The population has added about 269 residents, a change of about 19 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →