Milford, NY
Population 467 · New York
About Milford, NY
Milford is a small community in New York with a population of 467 residents. The median household income is $63,750 per year, which is near the national average. The median age in Milford is 48.7 years.
Housing in Milford has a median home value of $137,500 and median monthly rent of $825. Of the 253 total housing units, the majority are owner-occupied, with 136 owner-occupied and 56 renter-occupied units.
The unemployment rate in Milford is 1.1% and the poverty rate is 10.3%. 32.8% of residents hold a bachelor's degree or higher. The average commute time is 23.5 minutes.
Cost of Living in Milford, NY
Compared to national averages, Milford has a median household income of $63,750 (15% below the national median of $75,149). Home values average $137,500, which is 44% below the national median. Monthly rent at $825 is 29% below the US average of $1,163. Within New York, Milford's income is 34% below the state average of $96,987, and home values are 64% below the state median of $387,181.
Why Live in Milford, NY?
Milford offers affordable housing with a median home value of $137,500, below the US average of $244,900, and rent that’s lower than the national average at $825/month, and a strong job market with an unemployment rate of just 1.1%. Additionally, the city features a low poverty rate of 10.3%, better than the national average, and short commute times averaging just 23.5 minutes.
Potential considerations include median household income ($63,750) 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 467 with a median age of 48.7 years. Compare Milford with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Milford
Cities in New York with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
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, NY?
The population of Milford, NY is 467 according to the latest Census data.
What is the median household income in Milford?
The median household income in Milford, NY is $63,750 per year.
What is the median home value in Milford?
The median home value in Milford, NY is $137,500.
What is the average rent in Milford?
The median monthly rent in Milford, NY is $825.
What is the unemployment rate in Milford?
The unemployment rate in Milford, NY is 1.1%.