Milford, IL demographics:
population, income, and more

Total population
1,052
-7.4% year-over-year change
Median household income
$46,827/yr
4.1% year-over-year change
Housing units
601
-1.6% year-over-year change

Milford population

How many people live in Milford

Milford is home to 1,052 residents, according to the most recent Census data. Gender-wise, 46% of Milford locals are male, and 54% are female.

Total population
1,052
-7.4% year-over-year change
Gender ratio
Male
46%
484
Female
54%
568
Value Percent YoY change
Male 484 46% -3.0%
Female 568 54% -10.8%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Milford is 42, with the population distributed as follows: about 16.8% are children under 15, then 9.6% are in the 15 to 24 age group. Adults between 25 and 44 make up 30.2% of the population, while another 22.7% fall into the 45 to 64 bracket. Finally, around 20.6% are 65 or older.

Median age
41.8
Age breakdown
Under 15
16.8%
15 to 24
9.6%
25 to 44
30.2%
45 to 64
22.7%
Over 65
20.6%
Value Percent YoY change
Under 15 177 16.8% -13.7%
15 to 24 101 9.6% -31.8%
25 to 44 318 30.2% 5.7%
45 to 64 239 22.7% -17.9%
Over 65 217 20.6% 13.6%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Milford, 99.1% of the population are US-born citizens, while 0.9% have gained naturalized citizenship. There’s also a share of 4.8% that includes residents with two or more races.

Citizenship
U.S.-born citizens
99.1%
Non-U.S.-born citizens
0.9%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 1,043 99.1% -5.9%
Non-U.S.-born citizens 9 0.9% -67.9%
Racial breakdown
White
94.3%
Black or African American
0.9%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
4.8%
Other
0%
Value Percent
White 992 94.3%
Black or African American 9 0.9%
Two or more races 51 4.8%

Households in Milford

A peek inside Milford households

Milford has 527 households, with an average of 2 members in each. Of these, 51% are families, while the remaining 49% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
527
2.5% year-over-year change
Average people per household
2
Non-family households
258
Family households
269
Value Percent YoY change
Non-family households 258 49% 11.2%
Family households 269 51% -4.6%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Milford

The housing landscape of Milford

Milford's housing consists of 601 units, with 85% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 0.8% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 2.7% of the housing landscape.

Housing units
601
-1.6% year-over-year change
Housing types
Value Percent
1 unit, detached 511 85%
1 unit, attached 5 0.8%
2 units 27 4.5%
3 or 4 units 2 0.3%
5 to 9 units 28 4.7%
10 to 19 units 12 2%
Mobile home 16 2.7%
Homes built since 2020
0
% year-over-year change

The age of buildings in Milford

In Milford, the median construction year is 1964. About 27.3% of homes were built before the 1940s, with another 6.8% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 164 27.3% -7.3%
Built between 1940 and 1949 41 6.8% 46.4%
Built between 1950 and 1959 71 11.8% -26.8%
Built between 1960 and 1969 66 11% 4.8%
Built between 1970 and 1979 127 21.1% 24.5%
Built between 1980 and 1989 72 12% -1.4%
Built between 1990 and 1999 29 4.8% -30.9%
Built between 2000 and 2009 19 3.2% 5.6%
Built between 2010 and 2019 12 2% 9.1%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Milford occupancy rates

Out of the 527 occupied housing units in Milford, 79.1% are owner-occupied, while 20.9% are lived in by tenants. Meanwhile, 12.3% of all homes on the local market sit vacant.

Occupied housing units
527
2.5% year-over-year change
Occupancy breakdown
Renter occupied
110
Owner occupied
417
Value Percent YoY
change
Renter occupied 110 20.9% -17.3%
Owner occupied 417 79.1% 9.4%
Unoccupied housing units
12.3%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Milford housing costs

Housing costs in Milford come to a median of $727 per month, while tenants specifically pay a median gross rent of $716.

Median housing costs per month
$727/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Milford
$716/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Milford

Milford education at a glance

About 49.8% of the population in Milford went to high school, while 16.4% pursued college studies. Another 7.5% earned an associate degree and 17% hold a bachelor’s. Meanwhile, 4% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 44 5.2% -21.4%
High school diploma 424 49.8% -3.4%
College diploma 140 16.4% -22.2%
Associate degree 64 7.5% 6.7%
Bachelor's degree 145 17% 19.8%
Graduate degree 34 4% 25.9%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Milford

How much people earn in Milford

The average annual household income in Milford was $54,330 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +1.4% change from the previous year. At the same time, the median income stood at $46,827, reflecting a +4.1% shift over the same period.

Average household income in Milford
$54,330/year
1.4% year-over-year change
Median household income in Milford
$46,827/year
4.1% year-over-year change

Milford income by age

In Milford, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $60,893. Those with someone between 45 and 64 in charge, often well established professionally, earn $45,000 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $50,417, while those led by someone over 65, many of whom may be retired, have about $34,145 in earnings. Overall, 73% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $50,417 -2.8%
25 - 44 $60,893 5.9%
45 - 64 $45,000 21.2%
Over 65 $34,145 -23.2%
Above poverty level
750
Below poverty level
278
Value Percent YoY
change
Above poverty level 750 73% -9.9%
Below poverty level 278 27% -0.7%

Average renter income in Milford

To get a better sense of what renters earn on average in Milford, their median household income was $25,833 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 33.3%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$25,833
Rent-to-income ratio
33.3%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Milford

Workforce and job types in Milford

The job market in Milford is powered by 455 working residents, spread across a range of industries and roles. 60.2% of the working population are employed in professional or administrative positions, while 39.8% are in hands-on or service-based jobs. Also, 7% run their own businesses, 74.5% are employed by private companies, and 8.8% work in the public sector.

Workforce demographics

Working population
455
-2.6% year-over-year change
White collar
274
Blue collar
181
Value Percent YoY change
White collar 274 60.2% -19.6%
Blue collar 181 39.8% 43.6%
Employer type
Self employees
7%
Private companies
74.5%
Governmental workers
8.8%
Not for profit companies
9.7%
Value Percent YoY change
Self employees 32 7% -17.9%
Private companies 339 74.5% 5.3%
Governmental workers 40 8.8% -21.6%
Not for profit companies 44 9.7% -20.0%
Unemployment rate
4.2%
-20.0% year-over-year change

Available workforce

The unemployment rate in Milford stands at 4.2%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Milford

How people get around in Milford

In Milford, the average commute time is 24 minutes. Commuting methods vary: 87.9% of residents travel by personal vehicle and 4% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Commute time
24 min
Means of transportation
Value Percent YoY change
Car 392 87.9% -4.2%
Walk 18 4% -21.7%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Milford by zipcode?

Zipcode Population Number of households Median income Average income
60953 2,075 925 $59,135 $79,091

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FAQs about Milford demographics 

What is the total population of Milford?

Milford has a total population of 1,052 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -7.4% compared to a year ago.

What is the gender ratio in Milford?

The gender ratio in Milford is as follows:
  • 46% males (484 residents)
  • 54% females (568 residents)

What is the median age in Milford?

The median age in Milford is 41.8.

What is the age distribution of the population in Milford?

The age distribution in Milford is as follows:
  • Under 15: 16.8% (177 residents)
  • Ages 15-24: 9.6% (101 residents)
  • Ages 25-44: 30.2% (318 residents)
  • Ages 45-64: 22.7% (239 residents)
  • Over 65: 20.6% (217 residents)

What is the racial and ethnic makeup of Milford?

The racial and ethnic makeup of Milford is as follows:
  • White: 94.3% (992 residents)
  • Black or African American: 0.9% (9 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 4.8% (51 residents)
  • Other: 0% (0 residents)

What percentage of the population in Milford are U.S.-born citizens?

U.S.-born citizens represent 99.1% of the population in Milford.

How many housing units are there in Milford?

There are 601 housing units in Milford, reflecting a -1.6% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Milford and what is the average household size?

Milford has a total of 527 households, with an average of 2 people in each.

What is the median household income in Milford?

Milford has a median household income of $46,827, representing a +4.1% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Milford?

The employment rate is 95.8% in Milford, with a workforce of 455 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 60.2% (274 residents)
  • Blue-collar workers: 39.8% (181 residents)

Places of employment:
  • Self-employed: 7% (32 residents)
  • Private companies: 74.5% (339 residents)
  • Governmental workers: 8.8% (40 residents)
  • Not-for-profit companies: 9.7% (44 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025