Milford city, Iowa Demographics & Population 2026

Population Overview

Milford city is a small community located in Iowa. The total population is 3,315. It ranks as the 117th most populous out of 1,018 cities and towns in Iowa.

Age Demographics

The median age in Milford city is 45.8 years. This is 19% higher than the state median of 38.6 years.

Economy, Income & Housing

The median household income in Milford city is $60,571. This is 17% lower than the state median of $73,147. Compared to the national median of $78,538, household income here is 23% lower. The poverty rate stands at 5.3%. This is 52% lower than the state poverty rate of 11.0%. The unemployment rate is 2.9%. This is 21% lower than the state rate of 3.6%. The median home value is $211,000. Housing costs are 8% higher than the state median of $195,900. The home-value-to-income ratio is 3.5x. 69.7% of occupied housing units are owner-occupied. This homeownership rate is 3% lower than the state average of 71.5%.

Race & Ethnicity

Milford city has a predominantly White (non-Hispanic) population, comprising 96.0% of all residents. Hispanic or Latino residents account for 2.9%. The Hispanic or Latino population (2.9%) is well below the state average of 7.0%.

Education

24.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 22% lower than the state rate of 30.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.2%.

Data Sources & Methodology

All demographic data for Milford city, Iowa 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 Iowa state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,018 Census-designated places in Iowa. For official data, visit data.census.gov.