Milford borough, New Jersey
CityPopulation: 1,306 (2023 estimate)
Located in New Jersey , New Jersey
Census Bureau data for Milford borough from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Milford borough
- What is the median household income in Milford borough?
- The median household income in Milford borough is $88,295 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Milford borough?
- The poverty rate in Milford borough is 4.7% (U.S. Census Bureau ACS 2023).
- What is the median home value in Milford borough?
- $304,100 (U.S. Census Bureau ACS 2023).
- What is the average rent in Milford borough?
- The median gross rent in Milford borough is $1,476 per month (U.S. Census Bureau ACS 2023).
- What percentage of Milford borough residents have a college degree?
- 39.7% of adults in Milford borough hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
1,306
Median Income
$88,295
Median Home Value
$304,100
Poverty Rate
4.7%
Unemployment (ACS 2023)
7.1%
Median Age
43.0 yrs
Since 2019
Median Income:
$-2,282 (-2.5%)
Home Value:
+$45,100 (+17.4%)
Poverty Rate:
+2.7 pp (+135%)
Bachelor's+:
+2.5 pp (+6.7%)
Unemployment:
+3.4 pp (+91.9%)
Demographics
Total Population
1,306
Median Age
43.0
Female
54.0%
Race & Ethnicity
Hispanic or Latino 4.7%
White (non-Hisp.) 91.0%
Black 1.8%
Asian 1.8%
Two or More 3.3%
Other 1.3%
Asian Subgroups (% of total pop.)
Indian
0.8%
Chinese
0.5%
Filipino
0.5%
Hispanic Subgroups (% of total pop.)
Cuban
1.8%
Puerto Rican
1.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$88,295
±$19,332
-$12,755 vs. state
Per Capita Income
$106,892
Median Family Income
$101,250
Poverty Rate
4.7%
-2.3 pp vs. state
Child Poverty Rate
5.8%
Working-Age Poverty Rate
—
SNAP Recipients
4.6%
Social Security Income
—
Retirement Income
25.9%
Household Income Distribution
< $10k
1.7%
$10–15k
4.3%
$15–25k
1.1%
$25–35k
6.8%
$35–50k
8.9%
$50–75k
21.6%
$75–100k
10.9%
$100–150k
26.2%
$150–200k
9.8%
$200k+
8.7%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
578
Owner-Occupied
73.4%
Renter-Occupied
26.6%
Vacancy Rate
6.4%
Median Home Value
$304,100
-$123,500 vs. state
Median Gross Rent
$1,476
Owner Cost Burden (30%+)
31.6%
Renter Cost Burden (30%+)
32.6%
Home Value Distribution
< $50k
1.8%
$50–100k
0.5%
$100–200k
1.5%
$200–300k
40.8%
$300–500k
46.9%
$500k–$1M
4.8%
Gross Rent Distribution
< $500
11.8%
$500–1k
2.1%
$1–1.5k
38.2%
$1.5–2k
28.5%
$2–2.5k
17.4%
$2.5–3.5k
2.1%
Vehicle Availability
No vehicle
3.7%
1 vehicle
30.1%
2 vehicles
39.4%
3+
26.8%
Housing Type
Single-fam. det.
69.7%
Single-fam. att.
11.8%
2–4 units
1.6%
5–19 units
5.5%
Housing Age
Pre-1940
35.8%
1940–1969
7.1%
1970–1999
18.2%
2000–2009
0.9%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
92.7%
Bachelor's or Higher
39.7%
-3.2 pp vs. state
Graduate Degree
13.6%
Some College / Associate
16.8%
Less Than High School
2.8%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
62.9%
Unemployment Rate
7.1%
+0.9 pp vs. state
Work from Home
17.6%
Self-Employed
8.3%
Government Workers
21.4%
Private For-Profit
69.8%
Industry
Edu/Health
25.4%
Retail
16.0%
Prof. Services
14.2%
Construction
7.5%
Manufacturing
6.2%
Public Admin
5.9%
Wholesale
5.8%
Arts/Entmt.
5.6%
Transportation
3.8%
Finance
3.0%
Agriculture
0.5%
Information
0.3%
Occupation
Management
52.6%
Sales
21.6%
Construction
9.8%
Food Prep
8.8%
Production
7.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
34.0 min
Drove Alone
69.1%
Carpool
9.3%
Public Transit
1.9%
Work from Home
17.6%
Walked
1.8%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
541
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
60.3%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
23.7%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
7.5%
5–9
6.3%
10–14
3.4%
15–19
5.4%
20–24
4.2%
25–34
12.4%
35–44
13.9%
45–54
13.2%
55–64
2.2%
65–74
9.3%
75–84
12.2%
85+
9.3%
Under 18: 18.9%
Working age (18–64): 81.1%
65 and over: 22.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
6.2%
Naturalized Citizen
25.9%
Speaks English Less Than Very Well
3.4%
Foreign-Born Origin
Europe
75.3%
Asia
24.7%
Veterans & Disability
Veteran
5.1%
With a Disability
13.3%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
99.0%
Uninsured
1.0%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
90.9%
Has a Computer
96.7%
Same House 1 Year Ago
94.0%
Moved from Abroad
0.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023