Milford, PA
Population 1,275 · Pennsylvania
About Milford, PA
Milford is a small town located in Pennsylvania with a population of 1,275 residents according to the latest US Census Bureau American Community Survey data. The median household income is $75,536 per year, which is 1% above the national median of $75,149. The median age of 33.2 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 $361,000, which is 47% above 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 $1,504, 29% above the national average of $1,163/month. Of the 655 total housing units, 36% are owner-occupied (211 units) and 64% are renter-occupied (380 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 1.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Milford have an average one-way commute time of 21.5 minutes.
Education & Demographics
39.5% 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 6.0% White, 0.8% Hispanic or Latino, 1.6% Black or African American, and 1.0% Asian residents, with 7.1% of the population being foreign-born.
Cost of Living in Milford, PA
Compared to national averages, Milford has a median household income of $75,536 (1% above the national median of $75,149). Home values average $361,000, which is 47% above the national median. Monthly rent at $1,504 is 29% above the US average of $1,163. Within Pennsylvania, Milford's income is 3% above the state average of $73,376, and home values are 89% above the state median of $190,903.
Why Live in Milford, PA?
Milford offers a strong local economy with a median household income of $75,536, well above the national average, and a strong job market with an unemployment rate of just 1.6%, and a well-educated community where 39.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 9.3%, better than the national average, and short commute times averaging just 21.5 minutes.
Milford has a population of 1,275 with a median age of 33.2 years. Compare Milford with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Milford
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Milford Square | 1,274 | $180,000 | $313,200 | Compare |
| Lightstreet | 1,273 | $40,658 | $152,200 | Compare |
| Collinsburg | 1,278 | $57,440 | $132,900 | Compare |
| Hudson | 1,278 | $52,332 | $112,900 | Compare |
| Cornwells Heights | 1,279 | $86,917 | $350,400 | Compare |
| Albion | 1,269 | $54,083 | $131,000 | Compare |
| Newville | 1,269 | $62,599 | $161,300 | Compare |
| Windsor | 1,281 | $58,895 | $179,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
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, PA?
The population of Milford, PA is 1,275 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Milford?
The median household income in Milford, PA is $75,536 per year, which is 1% above the national median of $75,149.
What is the median home value in Milford?
The median home value in Milford, PA is $361,000, which is 47% above 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, PA is $1,504, which is 29% above the national average of $1,163/month.
What is the unemployment rate in Milford?
The unemployment rate in Milford, PA is 1.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Milford, PA a good place to live?
Milford offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,275 and a median age of 33.2, the city appeals to young professionals and families.
How educated is Milford, PA?
39.5% 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, PA: median home value is $361,000 (47% above national), median rent is $1,504/month, and median household income is $75,536. The home-value-to-income ratio is 4.8x, a moderate figure by national standards.
What is the poverty rate in Milford?
The poverty rate in Milford, PA is 9.3%, 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, PA?
Milford's population is 6.0% White, 0.8% Hispanic or Latino, 1.6% Black or African American, 1.0% Asian, and 0.6% two or more races. 7.1% of residents are foreign-born.