Milford, NE
Population 2,656 · Nebraska
About Milford, NE
Milford is a small community in Nebraska with a population of 2,656 residents. The median household income is $80,997 per year, which is above the national average. The median age in Milford is 31.3 years.
Housing in Milford has a median home value of $225,200 and median monthly rent of $892. Of the 1,002 total housing units, the majority are owner-occupied, with 615 owner-occupied and 336 renter-occupied units.
The unemployment rate in Milford is 0.4% and the poverty rate is 8.0%. 28.0% of residents hold a bachelor's degree or higher. The average commute time is 19.7 minutes.
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.
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Frequently Asked Questions about Milford
What is the population of Milford, NE?
The population of Milford, NE is 2,656 according to the latest Census data.
What is the median household income in Milford?
The median household income in Milford, NE is $80,997 per year.
What is the median home value in Milford?
The median home value in Milford, NE is $225,200.
What is the average rent in Milford?
The median monthly rent in Milford, NE is $892.
What is the unemployment rate in Milford?
The unemployment rate in Milford, NE is 0.4%.