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The total population of Milford is estimated to be 1,786 with 996 males (55.77%) and 790 females (44.23%). There are 206 less females than males in Milford.
The median household income in Milford was $78,366 in 2021, which marked an an increase of 4,661(6.32%) from $73,705 in 2020. This income is 105.04% 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 45 to 64 years old, at $104,639. Overall, the median household income for the city of Milford stands at $78,366.
In Milford, the median income for all workers aged 15 years and older, regardless of work hours, was $41,592 for males and $26,541 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,585 for males and $34,117 for females.
In Milford, there are just two different racial groups among households. Among these, White households report a median household income of $81,443, while Some Other Race households have a median household income of $81,339.
In 2022, the population of Milford was 1,454, a 0.35% increase year-by-year from 2021. Previously, in 2021, Milford's population was 1,449, an increase of 1.26% compared to a population of 1,431 in 2020.
The median age in Milford, UT is 25.8, as per 2021 ACS 5-Year Estimates. Of the total population, 29.72% were under the age of 15, 28.68% aged 15 to 29, 32.57% aged 30 to 64, 7.68% aged 65 to 84, and 1.35% were 85 years of age and older.
Racial distribution of Milford population: 87.24% are White, 0.57% are American Indian and Alaska Native, 8.30% are some other race and 3.89% are multiracial.