Milford, NE
Population 2,656 · Nebraska
About Milford, NE
Milford is a small town located in Nebraska with a population of 2,656 residents according to the latest US Census Bureau American Community Survey data. The median household income is $80,997 per year, which is 8% above the national median of $75,149. The median age of 31.3 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Milford features a median home value of $225,200, which is 8% below the national median of $244,900. This positions Milford in a moderately priced market relative to the rest of the country. Median monthly rent is $892, 23% below the national average of $1,163/month. Of the 1,002 total housing units, 65% are owner-occupied (615 units) and 35% are renter-occupied (336 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Milford shows an unemployment rate of 0.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Milford have an average one-way commute time of 19.7 minutes, one of the shorter commutes in the region.
Education & Demographics
28.0% of Milford residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.2% White, 1.3% Hispanic or Latino, 0.2% Black or African American, and 0.9% Asian residents, with 2.3% of the population being foreign-born.
How Milford Ranks in Nebraska
Cost of Living in Milford, NE
Compared to national averages, Milford has a median household income of $80,997 (8% above the national median of $75,149). Home values average $225,200, which is 8% below the national median. Monthly rent at $892 is 23% below the US average of $1,163. Within Nebraska, Milford's income is 23% above the state average of $65,895, and home values are 79% above the state median of $125,824.
Why Live in Milford, NE?
Milford offers a strong local economy with a median household income of $80,997, well above the national average, and affordable housing with a median home value of $225,200, below the US average of $244,900, and rent that’s lower than the national average at $892/month. Additionally, the city features a strong job market with an unemployment rate of just 0.4%, and a low poverty rate of 8.0%, better than the national average, and short commute times averaging just 19.7 minutes.
Milford has a population of 2,656 with a median age of 31.3 years. Compare Milford with other cities to see how it stacks up, or explore all cities in Nebraska.
Similar Cities Near Milford
Cities in Nebraska with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Valentine | 2,632 | $53,438 | $135,600 | Compare |
| St. Paul | 2,574 | $58,493 | $184,400 | Compare |
| Hickman | 2,834 | $104,219 | $294,200 | Compare |
| Bennington | 2,417 | $98,375 | $337,600 | Compare |
| Dakota City | 2,980 | $80,433 | $170,200 | Compare |
| David City | 3,013 | $66,585 | $158,800 | Compare |
| Minden | 3,020 | $64,846 | $188,100 | Compare |
| Central City | 3,039 | $62,012 | $158,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Nebraska
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Milford With Other Cities
Frequently Asked Questions about Milford
What is the population of Milford, NE?
The population of Milford, NE is 2,656 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Nebraska.
What is the median household income in Milford?
The median household income in Milford, NE is $80,997 per year, which is 8% above the national median of $75,149.
What is the median home value in Milford?
The median home value in Milford, NE is $225,200, which is 8% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Milford?
The median monthly rent in Milford, NE is $892, which is 23% below the national average of $1,163/month.
What is the unemployment rate in Milford?
The unemployment rate in Milford, NE is 0.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Milford, NE a good place to live?
Milford offers above-average incomes, affordable housing, and a strong job market. With a population of 2,656 and a median age of 31.3, the city appeals to young professionals and families.
How educated is Milford, NE?
28.0% of residents in Milford aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Milford?
Key cost-of-living indicators for Milford, NE: median home value is $225,200 (8% below national), median rent is $892/month, and median household income is $80,997. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Milford?
The poverty rate in Milford, NE is 8.0%, 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, NE?
Milford's population is 1.2% White, 1.3% Hispanic or Latino, 0.2% Black or African American, 0.9% Asian, and 1.6% two or more races. 2.3% of residents are foreign-born.