Milford, MI
Population 6,467 · Michigan
About Milford, MI
Milford is a small community in Michigan with a population of 6,467 residents. The median household income is $102,521 per year, which is above the national average. The median age in Milford is 42.1 years.
Housing in Milford has a median home value of $348,600 and median monthly rent of $1,058. Of the 2,767 total housing units, the majority are owner-occupied, with 2,017 owner-occupied and 657 renter-occupied units.
The unemployment rate in Milford is 2.7% and the poverty rate is 8.6%. 49.2% of residents hold a bachelor's degree or higher. The average commute time is 29.3 minutes.
Cost of Living in Milford, MI
Compared to national averages, Milford has a median household income of $102,521 (36% above the national median of $75,149). Home values average $348,600, which is 42% above the national median. Monthly rent at $1,058 is 9% below the US average of $1,163. Within Michigan, Milford's income is 55% above the state average of $66,017, and home values are 90% above the state median of $183,391.
Why Live in Milford, MI?
Milford offers a strong local economy with a median household income of $102,521, well above the national average, and rent that’s lower than the national average at $1,058/month, and a strong job market with an unemployment rate of just 2.7%. Additionally, the city features a well-educated community where 49.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.6%, better than the national average.
Milford has a population of 6,467 with a median age of 42.1 years. Compare Milford with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Milford
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| New Haven | 6,341 | $68,203 | $207,600 | Compare |
| Huntington Woods | 6,322 | $188,229 | $470,600 | Compare |
| Manistee | 6,275 | $59,315 | $144,400 | Compare |
| Eastwood | 6,704 | $50,054 | $133,800 | Compare |
| Ishpeming | 6,173 | $52,717 | $109,200 | Compare |
| Lake Fenton | 6,168 | $112,676 | $372,800 | Compare |
| South Monroe | 6,771 | $59,674 | $176,900 | Compare |
| Rockford | 6,162 | $100,156 | $294,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
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, MI?
The population of Milford, MI is 6,467 according to the latest Census data.
What is the median household income in Milford?
The median household income in Milford, MI is $102,521 per year.
What is the median home value in Milford?
The median home value in Milford, MI is $348,600.
What is the average rent in Milford?
The median monthly rent in Milford, MI is $1,058.
What is the unemployment rate in Milford?
The unemployment rate in Milford, MI is 2.7%.