Milford town, Indiana Demographics & Population 2026

Population Overview

Milford town is a small community located in Indiana, within LaGrange County. The total population is 1,955. It ranks as the 237th most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in Milford town is 37.2 years. This is 2% lower than the state median of 38.0 years. 10.1% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Milford town is $52,014. This is 26% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 34% lower. The poverty rate stands at 4.8%. This is 61% lower than the state poverty rate of 12.2%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 0.8%. This is 80% lower than the state rate of 4.3%. The median home value is $135,300. Housing costs are 33% lower than the state median of $201,600. With a home-value-to-income ratio of just 2.6x, Milford town is one of the most affordable housing markets in the area. 81.5% of occupied housing units are owner-occupied. This homeownership rate is 16% higher than the state average of 70.3%.

Race & Ethnicity

The largest racial or ethnic group in Milford town is White (non-Hispanic), making up 66.7% of the population. Hispanic or Latino residents account for 27.6%. The Hispanic or Latino population is significantly higher than the state average (27.6% vs 8.4%). The Asian population (0.7%) is well below the state average of 2.5%.

Education

7.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 76% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 77.8%.

Data Sources & Methodology

All demographic data for Milford town, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.