Milford, NE demographics:
population, income, and more

Total population
2,565
-3.4% year-over-year change
Median household income
$82,699/yr
2.1% year-over-year change
Housing units
1,016
1.4% year-over-year change

Milford population

How many people live in Milford

Milford is home to 2,565 residents, according to the most recent Census data. Gender-wise, 54.5% of Milford locals are male, and 45.5% are female.

Total population
2,565
-3.4% year-over-year change
Gender ratio
Male
54.5%
1,398
Female
45.5%
1,167
Value Percent YoY change
Male 1,398 54.5% -1.6%
Female 1,167 45.5% -5.6%
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 33, with the population distributed as follows: about 17.8% are children under 15, then 24.8% are in the 15 to 24 age group. Adults between 25 and 44 make up 20.2% of the population, while another 21.5% fall into the 45 to 64 bracket. Finally, around 15.8% are 65 or older.

Median age
33.1
Age breakdown
Under 15
17.8%
15 to 24
24.8%
25 to 44
20.2%
45 to 64
21.5%
Over 65
15.8%
Value Percent YoY change
Under 15 457 17.8% -18.7%
15 to 24 636 24.8% 4.3%
25 to 44 517 20.2% -6.2%
45 to 64 551 21.5% 0.2%
Over 65 404 15.8% 5.5%
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, 97.4% of the population are US-born citizens, while 1.7% have gained naturalized citizenship. At the same time, 0.9% of residents are non-citizens. As for race, 93% of locals are Caucasian, 1.8% are African American and 0.9% have Asian roots. Another 0.7% are Indigenous American, 0.7% are Pacific Islanders, while 0.2% identify as another race. There’s also a share of 2.8% that includes residents with two or more races.

Citizenship
U.S.-born citizens
97.4%
Non-U.S.-born citizens
1.7%
Non-citizens
0.9%
Value Percent YoY change
U.S.-born citizens 2,498 97.4% -3.5%
Non-U.S.-born citizens 44 1.7% -21.4%
Non-citizens 23 0.9% 91.7%
Racial breakdown
White
93%
Black or African American
1.8%
American Indian and Alaska Native
0.7%
Asian
0.9%
Native Hawaiian and other Pacific Islander
0.7%
Two or more races
2.8%
Other
0.2%
Value Percent
White 2,385 93%
Black or African American 46 1.8%
American Indian and Alaska Native 17 0.7%
Asian 23 0.9%
Native Hawaiian and other Pacific Islander 17 0.7%
Two or more races 72 2.8%
Other 5 0.2%

Households in Milford

A peek inside Milford households

Milford has 986 households, with an average of 2 members in each. Of these, 68.6% are families, while the remaining 31.4% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
986
3.7% year-over-year change
Average people per household
2
Non-family households
310
Family households
676
Value Percent YoY change
Non-family households 310 31.4% 19.2%
Family households 676 68.6% -2.2%
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 1,016 units, with 74% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 3.2% 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 1% of the housing landscape.

Housing units
1,016
1.4% year-over-year change
Housing types
Value Percent
1 unit, detached 752 74%
1 unit, attached 32 3.2%
2 units 50 4.9%
3 or 4 units 81 8%
5 to 9 units 56 5.5%
10 to 19 units 4 0.4%
20 to 49 units 22 2.2%
50 or more units 9 0.9%
Mobile home 10 1%
Homes built since 2020
23
9.5% year-over-year change

The age of buildings in Milford

In Milford, the median construction year is 1964. About 27.4% of homes were built before the 1940s, with another 3.4% going up by 1949. Most development happened in the second half of the 20th century. Then, 2.2% of homes were added from 2000 to 2009, 2.8% between 2010 and 2019, and 2.3% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 278 27.4% 18.8%
Built between 1940 and 1949 35 3.4% 6.1%
Built between 1950 and 1959 143 14.1% 15.3%
Built between 1960 and 1969 145 14.3% -4.0%
Built between 1970 and 1979 175 17.2% -17.4%
Built between 1980 and 1989 61 6% 13.0%
Built between 1990 and 1999 106 10.4% -19.7%
Built between 2000 and 2009 22 2.2% 29.4%
Built between 2010 and 2019 28 2.8% 16.7%
Built in 2020 or later 23 2.3% 9.5%
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 986 occupied housing units in Milford, 60.6% are owner-occupied, while 39.4% are lived in by tenants. Meanwhile, 3% of all homes on the local market sit vacant.

Occupied housing units
986
3.7% year-over-year change
Occupancy breakdown
Renter occupied
389
Owner occupied
597
Value Percent YoY
change
Renter occupied 389 39.4% 15.8%
Owner occupied 597 60.6% -2.9%
Unoccupied housing units
3.0%
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 $891 per month, while tenants specifically pay a median gross rent of $892.

Median housing costs per month
$891/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
$892/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 31.6% of the population in Milford went to high school, while 28.3% pursued college studies. Another 15.3% earned an associate degree and 18.6% hold a bachelor’s. Meanwhile, 4.7% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 30 1.5% 15.4%
High school diploma 630 31.6% 14.8%
College diploma 564 28.3% 3.3%
Associate degree 306 15.3% -19.1%
Bachelor's degree 372 18.6% 3.0%
Graduate degree 94 4.7% -6.9%
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 $94,204 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -2.6% change from the previous year. At the same time, the median income stood at $82,699, reflecting a +2.1% shift over the same period.

Average household income in Milford
$94,204/year
-2.6% year-over-year change
Median household income in Milford
$82,699/year
2.1% 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 $88,125. Those with someone between 45 and 64 in charge, often well established professionally, earn $122,188 overall. Overall, 92.8% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $88,125 0.3%
45 - 64 $122,188 1.1%
Over 65 $50,375 3.1%
Above poverty level
2,118
Below poverty level
165
Value Percent YoY
change
Above poverty level 2,118 92.8% -2.8%
Below poverty level 165 7.2% -14.1%

Average renter income in Milford

To get a better sense of what renters earn on average in Milford, their median household income was $56,765 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 18.9%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$56,765
Rent-to-income ratio
18.9%
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 1,403 working residents, spread across a range of industries and roles. 67.4% of the working population are employed in professional or administrative positions, while 32.6% are in hands-on or service-based jobs. Also, 8% run their own businesses, 71.5% are employed by private companies, and 16.2% work in the public sector.

Workforce demographics

Working population
1,403
-0.8% year-over-year change
White collar
945
Blue collar
458
Value Percent YoY change
White collar 945 67.4% 1.3%
Blue collar 458 32.6% -4.8%
Employer type
Self employees
8%
Private companies
71.5%
Governmental workers
16.2%
Not for profit companies
4.2%
Value Percent YoY change
Self employees 113 8% -4.2%
Private companies 1,003 71.5% 4.3%
Governmental workers 228 16.2% -6.6%
Not for profit companies 59 4.2% -34.4%
Unemployment rate
0.3%
-20.0% year-over-year change

Available workforce

The unemployment rate in Milford stands at 0.3%, 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

Commuting methods vary: 88.4% of residents travel by personal vehicle and 3.2% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 1,230 88.4% -1.4%
Bus or trolleybus 4 0.3% N/A
Motorcycle 15 1.1% 25.0%
Bicycle 6 0.4% 200.0%
Walk 45 3.2% -13.5%
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
68405 3,575 1,367 $75,250 $95,553

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FAQs about Milford demographics 

What is the total population of Milford?

Milford has a total population of 2,565 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 -3.4% compared to a year ago.

What is the gender ratio in Milford?

The gender ratio in Milford is as follows:
  • 54.5% males (1,398 residents)
  • 45.5% females (1,167 residents)

What is the median age in Milford?

The median age in Milford is 33.1.

What is the age distribution of the population in Milford?

The age distribution in Milford is as follows:
  • Under 15: 17.8% (457 residents)
  • Ages 15-24: 24.8% (636 residents)
  • Ages 25-44: 20.2% (517 residents)
  • Ages 45-64: 21.5% (551 residents)
  • Over 65: 15.8% (404 residents)

What is the racial and ethnic makeup of Milford?

The racial and ethnic makeup of Milford is as follows:
  • White: 93% (2,385 residents)
  • Black or African American: 1.8% (46 residents)
  • American Indian and Alaska Native: 0.7% (17 residents)
  • Asian: 0.9% (23 residents)
  • Native Hawaiian and Other Pacific Islander: 0.7% (17 residents)
  • Two or More Races: 2.8% (72 residents)
  • Other: 0.2% (5 residents)

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

U.S.-born citizens represent 97.4% of the population in Milford.

How many housing units are there in Milford?

There are 1,016 housing units in Milford, reflecting a +1.4% 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 986 households, with an average of 2 people in each.

What is the median household income in Milford?

Milford has a median household income of $82,699, representing a +2.1% 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 99.7% in Milford, with a workforce of 1,403 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 67.4% (945 residents)
  • Blue-collar workers: 32.6% (458 residents)

Places of employment:
  • Self-employed: 8% (113 residents)
  • Private companies: 71.5% (1,003 residents)
  • Governmental workers: 16.2% (228 residents)
  • Not-for-profit companies: 4.2% (59 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