Milford, ME
Population 2,312 · Maine
About Milford, ME
Milford is a small community in Maine with a population of 2,312 residents. The median household income is $63,864 per year, which is near the national average. The median age in Milford is 42.7 years.
Housing in Milford has a median home value of $177,400 and median monthly rent of $964. Of the 1,065 total housing units, the majority are owner-occupied, with 856 owner-occupied and 144 renter-occupied units.
The unemployment rate in Milford is 2.5% and the poverty rate is 6.1%. 12.4% of residents hold a bachelor's degree or higher. The average commute time is 21.6 minutes.
How Milford Ranks in Maine
Cost of Living in Milford, ME
Compared to national averages, Milford has a median household income of $63,864 (15% below the national median of $75,149). Home values average $177,400, which is 28% below the national median. Monthly rent at $964 is 17% below the US average of $1,163. Within Maine, Milford's income is 1% below the state average of $64,613, and home values are 29% below the state median of $251,113.
Why Live in Milford, ME?
Milford offers affordable housing with a median home value of $177,400, below the US average of $244,900, and rent that’s lower than the national average at $964/month, and a strong job market with an unemployment rate of just 2.5%. Additionally, the city features a low poverty rate of 6.1%, better than the national average, and short commute times averaging just 21.6 minutes.
Potential considerations include median household income ($63,864) 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 2,312 with a median age of 42.7 years. Compare Milford with other cities to see how it stacks up, or explore all cities in Maine.
Similar Cities Near Milford
Cities in Maine with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bar Harbor | 2,311 | $72,750 | $479,600 | Compare |
| Mechanic Falls | 2,300 | $50,169 | $197,700 | Compare |
| Fairfield | 2,432 | $50,718 | $140,200 | Compare |
| Fort Kent | 2,453 | $58,750 | $137,000 | Compare |
| Farmingdale | 2,163 | $50,263 | $213,700 | Compare |
| Falmouth Foreside | 2,148 | $152,870 | $674,200 | Compare |
| Berwick | 2,085 | $64,864 | $309,600 | Compare |
| Madison | 2,552 | $43,095 | $70,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maine
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, ME?
The population of Milford, ME is 2,312 according to the latest Census data.
What is the median household income in Milford?
The median household income in Milford, ME is $63,864 per year.
What is the median home value in Milford?
The median home value in Milford, ME is $177,400.
What is the average rent in Milford?
The median monthly rent in Milford, ME is $964.
What is the unemployment rate in Milford?
The unemployment rate in Milford, ME is 2.5%.