Milford, Michigan Demographics & Population 2026
During the 2020–2024 ACS period, Milford, Michigan had a total population of 6,487, the 149th largest village in Michigan, with a median household income of $105,713, which is 45% higher than the state average. The poverty rate is 7.6%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 45% above the state average — one of the wealthiest communities in Michigan.
- Near full employment with an unemployment rate of just 2.1%.
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 | 6,467 | 6,487 | +0.3% |
| Median household income | $102,521 | $105,713 | +3.1% |
| Median home value | $348,600 | $363,700 | +4.3% |
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: 45 | National average: 61
Education
Educational Attainment (Adults 25+)
Milford Rankings in Michigan
Explore Michigan Rankings
Other Cities in Oakland County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Troy | 87,898 | $120,045 | 5.4% | $420,300 |
| Farmington Hills | 83,515 | $104,836 | 7.6% | $354,500 |
| Rochester Hills | 77,089 | $120,694 | 5.2% | $409,800 |
| Southfield | 76,236 | $68,166 | 10.3% | $236,200 |
| Novi | 66,717 | $110,723 | 5.4% | $421,900 |
| Pontiac | 62,104 | $44,329 | 24.4% | $121,700 |
| Royal Oak | 57,950 | $101,109 | 6.2% | $328,700 |
| Oak Park | 29,318 | $71,510 | 12.0% | $212,300 |
| Madison Heights | 28,419 | $69,503 | 10.8% | $199,100 |
| Auburn Hills | 25,105 | $84,375 | 11.1% | $245,000 |
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 |
|---|---|---|---|---|---|
| Rockford | 6,218 | $107,121 | $334,400 | 54.2% | 5.0% |
| Lake Fenton | 6,417 | $116,352 | $396,800 | 47.9% | 7.2% |
| Milan | 5,987 | $96,949 | $247,100 | 37.3% | 10.4% |
| Freeland | 7,557 | $110,547 | $265,900 | 34.5% | 5.5% |
| Byron Center | 7,403 | $122,553 | $384,400 | 43.0% | 2.3% |
Population Overview
Milford is a small city located in Michigan, within Oakland County. The total population is 6,487. It ranks as the 149th most populous out of 745 Census-designated places in Michigan.
Age Demographics
The median age in Milford is 41.1 years. This is 2% higher than the state median of 40.2 years.
Economy, Income & Housing
The median household income in Milford is $105,713. This is 45% higher than the state median of $72,875. It is also 31% higher than the national median of $80,734. The poverty rate stands at 7.6%. This is 42% lower than the state poverty rate of 13.2%. The unemployment rate is 2.1%. This is 63% lower than the state rate of 5.7%. The median home value is $363,700. Housing costs are 57% higher than the state median of $231,600. The home-value-to-income ratio is 3.4x. 77.1% of occupied housing units are owner-occupied. This homeownership rate is 5% higher than the state average of 73.2%.
Race & Ethnicity
Milford has a predominantly White (non-Hispanic) population, comprising 89.5% of all residents. Hispanic or Latino residents account for 3.0%. The Black or African American population (1.8%) is well below the state average of 13.1%. The Asian population (1.2%) is well below the state average of 3.4%.
Education
49.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 53% higher than the state rate of 32.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.2%. Notably, 17.3% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Milford, Michigan 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 Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. 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, Michigan?
Milford, Michigan has a population of 6,487 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Milford, MI?
The median household income in Milford is $105,713, which is 31% higher than the national median of $80,734.
What is the poverty rate in Milford, MI?
The poverty rate in Milford is 7.6%. This means approximately 488 residents live below the federal poverty line.
What is the racial makeup of Milford, Michigan?
Milford's population is 89.5% White, 1.8% Black, 3.0% Hispanic/Latino, and 1.2% Asian.
What is the median home value in Milford, MI?
The median home value in Milford is $363,700. The home-value-to-income ratio is 3.4x.
How educated is Milford, Michigan?
49.6% of adults (25+) in Milford hold a bachelor's degree or higher, and 17.3% hold a graduate or professional degree.