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The total population of Milford town is estimated to be 2,828 with 1,357 males (47.98%) and 1,471 females (52.02%). There are 114 more females than males in Milford town.
The median household income in Milford town was $70,480 in 2021, which marked an an increase of 5,608(8.64%) from $64,872 in 2020. This income is 94.47% 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 25 to 44 years old, at $84,985. Overall, the median household income for the town of Milford town stands at $70,480.
In Milford town, the median income for all workers aged 15 years and older, regardless of work hours, was $46,874 for males and $26,166 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $66,704 for males and $46,721 for females.
In Milford town, there are just two different racial groups among households. Among these, Black or African American households report a median household income of $76,886, while White households have a median household income of $71,031.
In 2022, the population of Milford town was 2,785, a 0.78% decrease year-by-year from 2021. Previously, in 2021, Milford town's population was 2,807, a decline of 0.46% compared to a population of 2,820 in 2020.
The median age in Milford Town, New York is 48.0, as per 2021 ACS 5-Year Estimates. Of the total population, 15.96% were under the age of 15, 15.58% aged 15 to 29, 43.46% aged 30 to 64, 23.88% aged 65 to 84, and 1.12% were 85 years of age and older.
Racial distribution of Milford town population: 94.56% are White, 2.16% are Black or African American, 1.95% are Native Hawaiian and other Pacific Islander, 0.73% are some other race and 0.59% are multiracial.