Milford, Maine Demographics & Population 2026
During the 2020–2024 ACS period, Milford, Maine had a total population of 2,269, the 62nd largest community in Maine, with a median household income of $85,052, which is 14% higher than the state average. The poverty rate is 0.0%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- An exceptionally low poverty rate of 0.0% — among the lowest in Maine.
- Housing is very affordable with a home-value-to-income ratio of just 1.8x.
- Near full employment with an unemployment rate of just 0.7%.
Milford Quick Facts
How Milford Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 2,312 | 2,269 | -1.9% |
| Median household income | $63,864 | $85,052 | +33.2% |
| Median home value | $177,400 | $154,900 | -12.7% |
How Milford Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 19 | National average: 61
Education
Educational Attainment (Adults 25+)
Milford Rankings in Maine
Explore Maine Rankings
Other Cities in Penobscot County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Bangor | 31,938 | $59,942 | 17.9% | $219,600 |
| Orono | 11,151 | $59,784 | 27.0% | $262,900 |
| Brewer | 9,652 | $66,613 | 12.5% | $245,300 |
| Old Town | 7,470 | $51,585 | 21.3% | $208,100 |
| Hampden | 5,161 | $112,228 | 7.7% | $285,900 |
| Millinocket | 3,779 | $50,445 | 18.7% | $99,800 |
| Lincoln | 2,954 | $49,097 | 21.0% | $142,100 |
| Dexter | 1,852 | $53,654 | 17.7% | $138,200 |
| Veazie | 1,847 | $78,229 | 7.5% | $293,100 |
| Newport | 1,730 | $45,127 | 18.4% | $187,700 |
Cities Similar to Milford
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Dunstan | 2,363 | $91,067 | $539,000 | 48.7% | 13.4% |
| Bar Harbor | 2,296 | $67,701 | $626,900 | 63.4% | 14.4% |
| Berwick | 1,998 | $81,406 | $323,300 | 35.4% | 5.3% |
| Richmond | 2,089 | $73,014 | $221,100 | 34.8% | 7.1% |
| Cape Neddick | 2,453 | $108,412 | $684,400 | 53.2% | 12.0% |
Population Overview
Milford is a small community located in Maine, within Penobscot County. The total population is 2,269. It ranks as the 62nd most populous out of 155 Census-designated places in Maine.
Age Demographics
The median age in Milford is 43.0 years. This is 4% lower than the state median of 44.8 years. Only 12.7% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Milford is $85,052. This is 14% higher than the state median of $74,733. It is also 5% higher than the national median of $80,734. The ACS records no residents below the poverty line in Milford. In a community this small the estimate rests on very few survey responses, so it should be read as an absence of measurement rather than a measured absence of poverty. The unemployment rate is 0.7%. This is 81% lower than the state rate of 3.8%. The median home value is $154,900. Housing costs are 48% lower than the state median of $296,600. With a home-value-to-income ratio of just 1.8x, Milford is one of the most affordable housing markets in the area. 88.3% of occupied housing units are owner-occupied. This homeownership rate is 19% higher than the state average of 74.3%.
Race & Ethnicity
Milford has a predominantly White (non-Hispanic) population, comprising 90.4% of all residents. Asian residents account for 3.9%. The Asian population is significantly higher than the state average (3.9% vs 1.1%).
Education
14.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 60% lower than the state rate of 36.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 85.2%.
Data Sources & Methodology
All demographic data for Milford, Maine is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Maine state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 155 Census-designated places in Maine. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Milford, Maine?
Milford, Maine has a population of 2,269 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Milford, ME?
The median household income in Milford is $85,052, which is 5% higher than the national median of $80,734.
What is the poverty rate in Milford, ME?
The poverty rate in Milford is 0.0%. This means approximately 1 residents live below the federal poverty line.
What is the racial makeup of Milford, Maine?
Milford's population is 90.4% White, 0.0% Black, 2.3% Hispanic/Latino, and 3.9% Asian.
What is the median home value in Milford, ME?
The median home value in Milford is $154,900. The home-value-to-income ratio is 1.8x.
How educated is Milford, Maine?
14.6% of adults (25+) in Milford hold a bachelor's degree or higher, and 3.3% hold a graduate or professional degree.