Milford Square, PA
Population 1,274 · Pennsylvania
About Milford Square, PA
Milford Square is a small town located in Pennsylvania with a population of 1,274 residents according to the latest US Census Bureau American Community Survey data. The median household income is $180,000 per year, which is 140% above the national median of $75,149. The median age of 36.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Milford Square features a median home value of $313,200, which is 28% above the national median of $244,900. This positions Milford Square in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 472 total housing units, 92% are owner-occupied (435 units) and 8% are renter-occupied (37 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Milford Square shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Milford Square have an average one-way commute time of 35 minutes.
Education & Demographics
33.4% of Milford Square 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, 0.7% Hispanic or Latino, 0.0% Black or African American, and 4.2% Asian residents, with 4.9% of the population being foreign-born.
How Milford Square Ranks in Pennsylvania
Cost of Living in Milford Square, PA
Compared to national averages, Milford Square has a median household income of $180,000 (140% above the national median of $75,149). Home values average $313,200, which is 28% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Pennsylvania, Milford Square's income is 145% above the state average of $73,376, and home values are 64% above the state median of $190,903.
Why Live in Milford Square, PA?
Milford Square offers a strong local economy with a median household income of $180,000, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 0.0%, better than the national average.
Milford Square has a population of 1,274 with a median age of 36.9 years. Compare Milford Square with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Milford Square
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lightstreet | 1,273 | $40,658 | $152,200 | Compare |
| Milford | 1,275 | $75,536 | $361,000 | Compare |
| Collinsburg | 1,278 | $57,440 | $132,900 | Compare |
| Hudson | 1,278 | $52,332 | $112,900 | Compare |
| Albion | 1,269 | $54,083 | $131,000 | Compare |
| Cornwells Heights | 1,279 | $86,917 | $350,400 | 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 Square With Other Cities
Frequently Asked Questions about Milford Square
What is the population of Milford Square, PA?
The population of Milford Square, PA is 1,274 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 Square?
The median household income in Milford Square, PA is $180,000 per year, which is 140% above the national median of $75,149.
What is the median home value in Milford Square?
The median home value in Milford Square, PA is $313,200, which is 28% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Milford Square?
The median monthly rent in Milford Square, PA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Milford Square?
The unemployment rate in Milford Square, PA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Milford Square, PA a good place to live?
Milford Square offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,274 and a median age of 36.9, the city appeals to a broad range of residents.
How educated is Milford Square, PA?
33.4% of residents in Milford Square 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 Square?
Key cost-of-living indicators for Milford Square, PA: median home value is $313,200 (28% above national), median rent is $0/month, and median household income is $180,000. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Milford Square?
The poverty rate in Milford Square, PA is 0.0%, 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 Square, PA?
Milford Square's population is 0.0% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 4.2% Asian, and 3.8% two or more races. 4.9% of residents are foreign-born.