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The total population of Milford township is estimated to be 10,217 with 4,623 males (45.25%) and 5,594 females (54.75%). There are 971 more females than males in Milford township.
The median household income in Milford township was $119,874 in 2021, which marked an an increase of 6,393(5.63%) from $113,481 in 2020. This income is 160.68% 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 township sees its highest median household income among householders in the age group of 25 to 44 years old, at $196,569. Overall, the median household income for the township of Milford township stands at $119,874.
In Milford township, the median income for all workers aged 15 years and older, regardless of work hours, was $68,501 for males and $33,207 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $96,201 for males and $58,564 for females.
In Milford township, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $125,656, while White households have a median household income of $118,900.
In 2022, the population of Milford township was 10,173, a 0.57% decrease year-by-year from 2021. Previously, in 2021, Milford township's population was 10,231, a decline of 0.01% compared to a population of 10,232 in 2020.
The median age in Milford township, Bucks County, Pennsylvania is 49.1, as per 2021 ACS 5-Year Estimates. Of the total population, 19.06% were under the age of 15, 10.35% aged 15 to 29, 49.98% aged 30 to 64, 19.37% aged 65 to 84, and 1.25% were 85 years of age and older.
Racial distribution of Milford township population: 94.55% are White, 2.04% are Black or African American, 0.57% are Asian, 0.85% are some other race and 1.98% are multiracial.