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Milford, Nebraska Demographics & Population 2026

During the 2020–2024 ACS period, Milford, Nebraska had a total population of 2,565, the 56th largest city in Nebraska, with a median household income of $82,699, which is 8% higher than the state average. The poverty rate is 7.2%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Milford Quick Facts

Population 2,565
Median Household Income $82,699
Median Home Value $228,200
Poverty Rate 7.2%
Unemployment Rate 0.3%
Median Age 33.1 years
Homeownership Rate 60.6%
Affordability Ratio 2.8x
Bachelor's Degree or Higher 28.4%
High School Graduation Rate 91.2%
Diversity Index 15/100
Population 2,565 56th of 583
Median Income $82,699 top 20%
Poverty Rate 7.2% 42% lower than national
Median Home Value $228,200 top 10%

How Milford Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population2,6562,565-3.4%
Median household income$80,997$82,699+2.1%
Median home value$225,200$228,200+1.3%

How Milford Compares

Economy & Housing

Household Income Distribution

Under $25K 12.8%
$25K-$50K 19.8%
$50K-$100K 32.8%
$100K+ 34.7%
Detailed income brackets
Under $10K
2.7%
$10K-$15K
1.5%
$15K-$20K
2.5%
$20K-$25K
6.0%
$25K-$30K
2.1%
$30K-$35K
2.9%
$35K-$40K
7.9%
$40K-$45K
5.2%
$45K-$50K
1.6%
$50K-$60K
5.6%
$60K-$75K
9.9%
$75K-$100K
17.2%
$100K-$125K
8.6%
$125K-$150K
12.9%
$150K-$200K
6.7%
$200K+
6.5%

Employment

0.3% Unemployment Rate State: 3.0%|National: 5.2%
68.5% Labor Force Participation

Housing Overview

Owner 60.6%
Renter 39.4%
Affordability Index Very Affordable
2.8x home value to income ratio
Median gross rent $892/mo 12.9% of median household income annually

People & Demographics

Diversity Index

15out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Milford Rankings in Nebraska

#56 Population of 583
#93 Median Income of 519
#117 Education of 583
#46 Home Value of 510

Other Cities in Seward County

CityPopulationMedian IncomePovertyHome Value
Seward 7,678 $72,564 9.6% $244,600
Utica 1,015 $88,304 7.2% $188,700
Beaver Crossing 357 $62,813 15.5% $142,600
Staplehurst 322 $83,060 4.3% $86,000
Goehner 309 $96,767 0.7% $158,100
Bee 281 $99,688 2.5% $150,000
Pleasant Dale 244 $64,250 11.9% $177,800
Garland 180 $51,979 4.4% $185,000
Cordova 131 $49,250 12.2% $78,700
Tamora 12 N/A 0.0% N/A

Cities Similar to Milford

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Dakota City2,675$76,806$177,8009.0%7.3%
Bennington2,366$97,500$333,10039.0%5.3%
Geneva2,193$80,398$169,10028.5%6.2%
Imperial2,210$74,176$158,60025.1%7.1%
Valentine2,633$56,898$148,60025.7%9.1%

Population Overview

Milford is a small community located in Nebraska, within Seward County. The total population is 2,565. It ranks as the 56th most populous out of 583 Census-designated places in Nebraska.

Age Demographics

The median age in Milford is 33.1 years. This is 11% lower than the state median of 37.2 years.

Economy, Income & Housing

The median household income in Milford is $82,699. This is 8% higher than the state median of $76,475. It is also 2% higher than the national median of $80,734. The poverty rate stands at 7.2%. This is 32% lower than the state poverty rate of 10.6%. The unemployment rate is 0.3%. This is 91% lower than the state rate of 3.0%. The median home value is $228,200. Housing costs are 4% lower than the state median of $238,600. With a home-value-to-income ratio of just 2.8x, Milford is one of the most affordable housing markets in the area. 60.6% of occupied housing units are owner-occupied. This homeownership rate is 9% lower than the state average of 66.5%.

Race & Ethnicity

Milford has a predominantly White (non-Hispanic) population, comprising 92.1% of all residents. Hispanic or Latino residents account for 2.3%. The Black or African American population (1.8%) is well below the state average of 4.6%. The Hispanic or Latino population (2.3%) is well below the state average of 12.7%. The Asian population (0.9%) is well below the state average of 2.6%.

Education

28.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 18% lower than the state rate of 34.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.2%.

Data Sources & Methodology

All demographic data for Milford, Nebraska 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 Nebraska state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 583 Census-designated places in Nebraska. 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, Nebraska?

Milford, Nebraska has a population of 2,565 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Milford, NE?

The median household income in Milford is $82,699, which is 2% higher than the national median of $80,734.

What is the poverty rate in Milford, NE?

The poverty rate in Milford is 7.2%. This means approximately 165 residents live below the federal poverty line.

What is the racial makeup of Milford, Nebraska?

Milford's population is 92.1% White, 1.8% Black, 2.3% Hispanic/Latino, and 0.9% Asian.

What is the median home value in Milford, NE?

The median home value in Milford is $228,200. The home-value-to-income ratio is 2.8x.

How educated is Milford, Nebraska?

28.4% of adults (25+) in Milford hold a bachelor's degree or higher, and 6.4% hold a graduate or professional degree.