Milford city (balance), Connecticut, CT
Population 50,749 · Connecticut
About Milford city (balance), Connecticut, CT
Milford city (balance), Connecticut is a mid-sized city located in Connecticut with a population of 50,749 residents according to the latest US Census Bureau American Community Survey data. The median household income is $110,126 per year, which is 47% above the national median of $75,149. The median age of 46.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Milford city (balance), Connecticut features a median home value of $377,400, which is 54% above the national median of $244,900. This places Milford city (balance), Connecticut in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,820, 56% above the national average of $1,163/month. Of the 23,021 total housing units, 77% are owner-occupied (16,315 units) and 23% are renter-occupied (4,974 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Milford city (balance), Connecticut shows an unemployment rate of 4.5%, which is near the national rate of 3.7%. The poverty rate stands at 4.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Milford city (balance), Connecticut have an average one-way commute time of 25.9 minutes.
Education & Demographics
48.4% of Milford city (balance), Connecticut residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.0% White, 0.8% Hispanic or Latino, 3.9% Black or African American, and 3.8% Asian residents, with 10.5% of the population being foreign-born.
How Milford city (balance), Connecticut Ranks in Connecticut
Cost of Living in Milford city (balance), Connecticut, CT
Compared to national averages, Milford city (balance), Connecticut has a median household income of $110,126 (47% above the national median of $75,149). Home values average $377,400, which is 54% above the national median. Monthly rent at $1,820 is 56% above the US average of $1,163. Within Connecticut, Milford city (balance), Connecticut's income is 11% below the state average of $123,065, and home values are 27% below the state median of $516,920.
Why Live in Milford city (balance), Connecticut, CT?
Milford city (balance), Connecticut offers a strong local economy with a median household income of $110,126, well above the national average, and a well-educated community where 48.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $377,400. However, as a mid-sized city, Milford city (balance), Connecticut provides access to a wide range of amenities and services.
Milford city (balance), Connecticut has a population of 50,749 with a median age of 46.7 years. Compare Milford city (balance), Connecticut with other cities to see how it stacks up, or explore all cities in Connecticut.
Similar Cities Near Milford city (balance), Connecticut
Cities in Connecticut with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| East Hartford | 50,798 | $66,943 | $215,400 | Compare |
| Middletown | 47,646 | $73,979 | $279,500 | Compare |
| West Haven | 55,147 | $73,566 | $265,200 | Compare |
| Shelton | 41,402 | $114,739 | $435,700 | Compare |
| Meriden | 60,418 | $68,617 | $221,600 | Compare |
| Bristol | 61,129 | $83,458 | $252,300 | Compare |
| Norwich | 39,992 | $64,185 | $231,300 | Compare |
| West Hartford | 63,809 | $125,616 | $391,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Connecticut
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Milford city (balance), Connecticut With Other Cities
Frequently Asked Questions about Milford city (balance), Connecticut
What is the population of Milford city (balance), Connecticut, CT?
The population of Milford city (balance), Connecticut, CT is 50,749 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Connecticut.
What is the median household income in Milford city (balance), Connecticut?
The median household income in Milford city (balance), Connecticut, CT is $110,126 per year, which is 47% above the national median of $75,149.
What is the median home value in Milford city (balance), Connecticut?
The median home value in Milford city (balance), Connecticut, CT is $377,400, which is 54% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Milford city (balance), Connecticut?
The median monthly rent in Milford city (balance), Connecticut, CT is $1,820, which is 56% above the national average of $1,163/month.
What is the unemployment rate in Milford city (balance), Connecticut?
The unemployment rate in Milford city (balance), Connecticut, CT is 4.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Milford city (balance), Connecticut, CT a good place to live?
Milford city (balance), Connecticut offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 50,749 and a median age of 46.7, the city appeals to established professionals and retirees.
How educated is Milford city (balance), Connecticut, CT?
48.4% of residents in Milford city (balance), Connecticut aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Milford city (balance), Connecticut?
Key cost-of-living indicators for Milford city (balance), Connecticut, CT: median home value is $377,400 (54% above national), median rent is $1,820/month, and median household income is $110,126. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Milford city (balance), Connecticut?
The poverty rate in Milford city (balance), Connecticut, CT is 4.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Milford city (balance), Connecticut, CT?
Milford city (balance), Connecticut's population is 1.0% White, 0.8% Hispanic or Latino, 3.9% Black or African American, 3.8% Asian, and 2.6% two or more races. 10.5% of residents are foreign-born.