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The total population of Milford township is estimated to be 753 with 419 males (55.64%) and 334 females (44.36%). There are 85 less females than males in Milford township.
The median household income in Milford township was $94,918 in 2021, which marked an a decrease of 7,773(7.57%) from $102,691 in 2020. This income is 127.23% 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 45 to 64 years old, at $119,745. Overall, the median household income for the township of Milford township stands at $94,918.
In Milford township, the median income for all workers aged 15 years and older, regardless of work hours, was $48,557 for males and $30,708 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $63,233 for males and $39,588 for females.
In Milford township, population is primarily represented by White households, reporting a median income of $94,580.
In 2022, the population of Milford township was 689, a 0.58% decrease year-by-year from 2021. Previously, in 2021, Milford township's population was 693, an increase of 0.14% compared to a population of 692 in 2020.
The median age in Milford Township, Minnesota is 50.9, as per 2021 ACS 5-Year Estimates. Of the total population, 17.43% were under the age of 15, 13.30% aged 15 to 29, 48.47% aged 30 to 64, 17.43% aged 65 to 84, and 3.36% were 85 years of age and older.
Racial distribution of Milford township population: 99.54% are White, 0.31% are Asian and 0.15% are multiracial.