Milford, IA
Population 3,315 · Iowa
About Milford, IA
Milford is a small community in Iowa with a population of 3,315 residents. The median household income is $60,571 per year, which is near the national average. The median age in Milford is 45.8 years.
Housing in Milford has a median home value of $211,000 and median monthly rent of $806. Of the 1,648 total housing units, the majority are owner-occupied, with 1,067 owner-occupied and 463 renter-occupied units.
The unemployment rate in Milford is 2.9% and the poverty rate is 5.3%. 24.1% of residents hold a bachelor's degree or higher. The average commute time is 18.7 minutes.
Cost of Living in Milford, IA
Compared to national averages, Milford has a median household income of $60,571 (19% below the national median of $75,149). Home values average $211,000, which is 14% below the national median. Monthly rent at $806 is 31% below the US average of $1,163. Within Iowa, Milford's income is 11% below the state average of $67,947, and home values are 60% above the state median of $132,237.
Why Live in Milford, IA?
Milford offers affordable housing with a median home value of $211,000, below the US average of $244,900, and rent that’s lower than the national average at $806/month, and a strong job market with an unemployment rate of just 2.9%. Additionally, the city features a low poverty rate of 5.3%, better than the national average, and short commute times averaging just 18.7 minutes.
Potential considerations include median household income ($60,571) that falls below the national average. However, Milford’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Milford has a population of 3,315 with a median age of 45.8 years. Compare Milford with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Milford
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Williamsburg | 3,347 | $65,607 | $194,000 | Compare |
| Robins | 3,349 | $122,500 | $370,500 | Compare |
| Story City | 3,363 | $73,558 | $205,800 | Compare |
| West Burlington | 3,184 | $48,289 | $126,700 | Compare |
| New Hampton | 3,462 | $61,491 | $159,200 | Compare |
| Tipton | 3,111 | $67,625 | $146,000 | Compare |
| Solon | 3,092 | $111,597 | $305,300 | Compare |
| Tama | 3,079 | $61,944 | $101,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Milford
What is the population of Milford, IA?
The population of Milford, IA is 3,315 according to the latest Census data.
What is the median household income in Milford?
The median household income in Milford, IA is $60,571 per year.
What is the median home value in Milford?
The median home value in Milford, IA is $211,000.
What is the average rent in Milford?
The median monthly rent in Milford, IA is $806.
What is the unemployment rate in Milford?
The unemployment rate in Milford, IA is 2.9%.