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The total population of Milford is estimated to be 6,556 with 3,196 males (48.75%) and 3,360 females (51.25%). There are 164 more females than males in Milford.
The median household income in Milford was $72,624 in 2021, which marked an an increase of 5,755(8.61%) from $66,869 in 2020. This income is 97.34% 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 sees its highest median household income among householders in the age group of 65 years and over old, at $79,564. Overall, the median household income for the city of Milford stands at $72,624.
In Milford, the median income for all workers aged 15 years and older, regardless of work hours, was $46,571 for males and $33,211 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $70,744 for males and $67,952 for females.
In Milford, there are just two different racial groups among households. Among these, White households report a median household income of $74,168, while Two or More Races households have a median household income of $32,929.
In 2022, the population of Milford was 6,470, a 0.93% decrease year-by-year from 2021. Previously, in 2021, Milford's population was 6,531, a decline of 0.56% compared to a population of 6,568 in 2020.
The median age in Milford, OH is 46.4, as per 2021 ACS 5-Year Estimates. Of the total population, 16.40% were under the age of 15, 15.13% aged 15 to 29, 41.79% aged 30 to 64, 22.92% aged 65 to 84, and 3.76% were 85 years of age and older.
Racial distribution of Milford population: 94.73% are White, 0.50% are Black or African American, 0.12% are Asian, 0.35% are some other race and 4.29% are multiracial.