Milford, OH
Population 6,525 · Ohio
About Milford, OH
Milford is a small town located in Ohio with a population of 6,525 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,907 per year, which is 3% below the national median of $75,149. The median age of 46.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Milford features a median home value of $228,200, which is 7% 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 $865, 26% below the national average of $1,163/month. Of the 3,515 total housing units, 50% are owner-occupied (1,692 units) and 50% are renter-occupied (1,722 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Milford shows an unemployment rate of 4.4%, which is near the national rate of 3.7%. The poverty rate stands at 9.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Milford have an average one-way commute time of 21.4 minutes.
Education & Demographics
38.1% 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 0.0% White, 0.3% Hispanic or Latino, 0.2% Black or African American, and 0.0% Asian residents, with 2.4% of the population being foreign-born.
Cost of Living in Milford, OH
Compared to national averages, Milford has a median household income of $72,907 (3% below the national median of $75,149). Home values average $228,200, which is 7% below the national median. Monthly rent at $865 is 26% below the US average of $1,163. Within Ohio, Milford's income is 2% above the state average of $71,814, and home values are 31% above the state median of $174,449.
Why Live in Milford, OH?
Milford offers affordable housing with a median home value of $228,200, below the US average of $244,900, and rent that’s lower than the national average at $865/month, and a well-educated community where 38.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 9.5%, better than the national average, and short commute times averaging just 21.4 minutes.
Potential considerations include median household income ($72,907) 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 6,525 with a median age of 46.8 years. Compare Milford with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Milford
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hillsboro | 6,539 | $45,197 | $136,900 | Compare |
| Moraine | 6,503 | $44,648 | $128,100 | Compare |
| South Lebanon | 6,552 | $110,729 | $315,800 | Compare |
| Howland Center | 6,564 | $84,306 | $179,700 | Compare |
| Upper Sandusky | 6,580 | $72,379 | $151,300 | Compare |
| Northgate | 6,585 | $75,423 | $175,300 | Compare |
| Wheelersburg | 6,414 | $70,795 | $209,200 | Compare |
| Ontario | 6,649 | $65,905 | $163,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
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, OH?
The population of Milford, OH is 6,525 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Ohio.
What is the median household income in Milford?
The median household income in Milford, OH is $72,907 per year, which is 3% below the national median of $75,149.
What is the median home value in Milford?
The median home value in Milford, OH is $228,200, which is 7% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Milford?
The median monthly rent in Milford, OH is $865, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Milford?
The unemployment rate in Milford, OH is 4.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Milford, OH a good place to live?
Milford offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 6,525 and a median age of 46.8, the city appeals to established professionals and retirees.
How educated is Milford, OH?
38.1% of residents in Milford aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Milford?
Key cost-of-living indicators for Milford, OH: median home value is $228,200 (7% below national), median rent is $865/month, and median household income is $72,907. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Milford?
The poverty rate in Milford, OH is 9.5%, 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, OH?
Milford's population is 0.0% White, 0.3% Hispanic or Latino, 0.2% Black or African American, 0.0% Asian, and 1.3% two or more races. 2.4% of residents are foreign-born.