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The total population of Milford township is estimated to be 1,394 with 693 males (49.71%) and 701 females (50.29%). There are 8 more females than males in Milford township.
The median household income in Milford township was $84,247 in 2021, which marked an a decrease of 8,175(8.85%) from $92,422 in 2020. This income is 112.92% 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 $131,061. Overall, the median household income for the township of Milford township stands at $84,247.
In Milford township, the median income for all workers aged 15 years and older, regardless of work hours, was $61,792 for males and $32,427 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $88,770 for males and $67,557 for females.
In Milford township, there are just three different racial groups among households. Among these, Asian households report a median household income of $164,028, followed by Two or More Races households at $132,862, and White households with a median household income of $82,149.
In 2022, the population of Milford township was 1,559, a 0.26% increase year-by-year from 2021. Previously, in 2021, Milford township's population was 1,555, an increase of 2.10% compared to a population of 1,523 in 2020.
The median age in Milford township, Pike County, Pennsylvania is 48.9, as per 2021 ACS 5-Year Estimates. Of the total population, 14.55% were under the age of 15, 11.04% aged 15 to 29, 45.97% aged 30 to 64, 24.93% aged 65 to 84, and 3.51% were 85 years of age and older.
Racial distribution of Milford township population: 91.87% are White, 0.37% are Black or African American, 1.49% are American Indian and Alaska Native, 1.72% are Asian, 0.67% are some other race and 3.88% are multiracial.