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CITY · 2020 ACS

Milford

New Jersey · 1,232 residents · 1.182 sq mi
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The short version

Milford is significantly wealthier than the US average, with a median household income of $93,929. Population has held roughly steady since 2000. Median home value has risen by half since 2000, reaching $261,500. Poverty is rare here, at 3.8% of residents.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 43.6
US median: 38.8
Average education
36% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
1,232
+3%since 2000
from 1,195 in 2000
1990 – 2025
Population density
1,042 / sq mi
+3%since 2000
from 1,011 / sq mi in 2000
US average: 280
Median age
43.6
+13%since 2000
from 38.7 in 2000
US average: 38.8
Population, 1990 – 2024
1K1K1K1K1K1990201020202024Milford
20241K
1990201020202024
Section 02

Income & economy

Median household income
$93,929
+15%inflation adjusted, since 2000
from $54,519 in 2000
US average: $66,278
1990 – 2024
Per capita income
$48,843
+95%since 2000
from $25,039 in 2000
US average: $35,364
Households earning $100K+
59.0%
+10.4 ptssince 2009
from 48.7% in 2009
US average: 43.9%
Poverty rate
3.8%
+0.1 ptssince 2000
from 3.7% in 2000
US average: 12.8%
Workforce by industry, 2020
Information17.8%
US avg: 11.1%
Retail trade7.9%
US avg: 10%
Other services7.3%
US avg: 6.6%
Public administration5.8%
US avg: 4.7%
Wholesale trade5.2%
US avg: 6.7%
Finance & insurance2.8%
US avg: 5.5%
Transportation & warehousing2.3%
US avg: 2.5%
Professional, scientific, technical2.2%
US avg: 4.7%
Arts, entertainment, food1.8%
US avg: 2%
Education & health services0.6%
US avg: 0.8%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$261,500
+14%inflation adjusted, since 2000
from $152,200 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$1,314
+10%inflation adjusted, since 2000
from $794 in 2000
US average: $1,124
Owner-occupied
67.2%
−1.1 ptssince 2000
from 68.2% in 2000
32.8% rent
Afford Score
2.8
Unchangedsince 2000
from 2.8 in 2000
1990 – 2024
RELATED:See current rent listings in Milford on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic96.8%(1,157)
Black0.2%(2)
Hispanic / Latino2%(24)
Asian0.4%(5)
Other0%
Diversity Score6.4%(76)
2020
White, non-Hispanic87.8%(1,082)
Black1.4%(17)
Hispanic / Latino6.7%(83)
Asian1%(12)
Other0.2%(3)
Diversity Score22.2%(274)
Diversity Score
22
+248%since 2000
from 6 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
35.7%
+9.5 ptssince 2000
from 26.2% in 2000
US average: 32.9%
High school or higher
94.8%
+6.3 ptssince 2000
from 88.5% in 2000
US average: 88.5%
Graduate degree
17.5%
+11.0 ptssince 2000
from 6.5% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
37.3 min
+46%since 2000
from 25.6 min in 2000
US average: 26.9
Drive alone to work
86.4%
−4.0 ptssince 2009
from 90.4% in 2009
US average: 75.1%
No vehicle available
6.3%
+3.3 ptssince 2009
from 3.0% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
4.2%
−2.2 ptssince 2011
from 6.5% in 2011
US average: 5.4%
Labor force participation
67.6%
−5.6 ptssince 2011
from 73.1% in 2011
US average: 63.4%
Management & professional
39.6%
−26.4 ptssince 2009
from 66.0% in 2009
US average: 39.3%
Section 08

People & community

Male
50.5%
+4.0 ptssince 2009
from 46.5% in 2009
Female
49.5%
−4.0 ptssince 2009
from 53.5% in 2009
Foreign born
2.3%
−0.6 ptssince 2009
from 2.9% in 2009
US average: 13.5%
Uninsured
3.6%
−88.0 ptssince 2013
from 91.6% in 2013
US average: 8.8%
Drill deeper

Places similar to Milford

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Compare Milford to nearby cities

MILFORD VS
Phillipsburg
Income$68,324−27%
Home value$193,200−26%
Population15,456+1163%
SEE FULL COMPARISON →
MILFORD VS
Bradley Gardens
Income$177,849+89%
Home value$546,300+109%
Population14,165+1057%
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MILFORD VS
Raritan
Income$107,672+15%
Home value$456,900+75%
Population8,516+596%
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MILFORD VS
Hillsborough
Income$144,112+53%
Home value$435,700+67%
Population22,585+1745%
SEE FULL COMPARISON →
Frequently asked

How many people live in Milford, New Jersey?

Milford, New Jersey has about 1,232 residents according to the 2020 American Community Survey.

What is the median household income in Milford, New Jersey?

The typical household in Milford, New Jersey earns about $93,929 a year. Half of households make more than that, and half make less.

Is Milford, New Jersey expensive?

In Milford, New Jersey, the median home is worth about $261,500, and the typical rent is about $1,314 a month.

How educated are people in Milford, New Jersey?

About 35.7% of adults age 25 and over in Milford, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Milford, New Jersey?

About 3.8% of people in Milford, New Jersey live below the federal poverty line.

Has Milford, New Jersey grown since 1990?

Yes, Milford, New Jersey has shrunk since 1990. The population has lost about 41 residents, a change of about -3 percent over that period.

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

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