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The total population of Milford town is estimated to be 30,202 with 15,762 males (52.19%) and 14,440 females (47.81%). There are 1,322 less females than males in Milford town.
The median household income in Milford town was $96,560 in 2021, which marked an a decrease of 1,120(1.15%) from $97,680 in 2020. This income is 129.43% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Milford town sees its highest median household income among householders in the age group of 45 to 64 years old, at $112,270. Overall, the median household income for the town of Milford town stands at $96,560.
In Milford town, the median income for all workers aged 15 years and older, regardless of work hours, was $58,740 for males and $32,848 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $83,513 for males and $60,705 for females.
In Milford town, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $164,875, while Some Other Race households represent the opposite end with the lowest median household income of $74,988.
In 2022, the population of Milford town was 30,196, a 0.37% decrease year-by-year from 2021. Previously, in 2021, Milford town's population was 30,308, a decline of 0.07% compared to a population of 30,329 in 2020.
The median age in Milford, Massachusetts is 40.5, as per 2021 ACS 5-Year Estimates. Of the total population, 17.24% were under the age of 15, 18.42% aged 15 to 29, 47.25% aged 30 to 64, 15.03% aged 65 to 84, and 2.07% were 85 years of age and older.
Racial distribution of Milford town population: 76.87% are White, 3.45% are Black or African American, 0.14% are American Indian and Alaska Native, 2.28% are Asian, 11.33% are some other race and 5.92% are multiracial.