Milford, New Jersey Demographics & Population 2026
During the 2020–2024 ACS period, Milford, New Jersey had a total population of 1,166, the 537th largest borough in New Jersey, with a median household income of $71,806, which is 31% lower than the state average. The poverty rate is 8.8%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 31% below the state average, indicating significant economic challenges.
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 | 1,306 | 1,166 | -10.7% |
| Median household income | $88,295 | $71,806 | -18.7% |
| Median home value | $304,100 | $333,600 | +9.7% |
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: 66 | National average: 61
Education
Educational Attainment (Adults 25+)
Milford Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Hunterdon County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Flemington | 4,896 | $69,978 | 11.8% | $400,600 |
| Lambertville | 4,153 | $109,733 | 3.1% | $562,300 |
| White House Station | 3,963 | $110,483 | 4.3% | $454,400 |
| High Bridge | 3,580 | $112,467 | 3.4% | $336,500 |
| Clinton | 2,789 | $141,146 | 2.0% | $436,200 |
| Glen Gardner | 1,916 | $101,974 | 6.4% | $330,900 |
| Frenchtown | 1,752 | $97,917 | 8.7% | $383,600 |
| Lebanon | 1,675 | $110,104 | 4.7% | $374,400 |
| Annandale | 1,568 | $168,043 | 2.6% | $504,900 |
| Hampton | 1,020 | $67,222 | 12.3% | $336,500 |
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 |
|---|---|---|---|---|---|
| Mount Royal | 1,155 | N/A | $436,400 | 44.2% | 0.0% |
| William Paterson University of New Jersey | 1,133 | N/A | N/A | 81.1% | N/A |
| Sunset Lake | 1,194 | $78,555 | $317,900 | 21.0% | 16.9% |
| The Ponds | 1,097 | $73,249 | $373,800 | 36.9% | 1.5% |
| Oxford | 1,122 | $77,989 | $188,600 | 18.1% | 7.5% |
Population Overview
Milford is a small community located in New Jersey, within Hunterdon County. The total population is 1,166. It ranks as the 537th most populous out of 700 Census-designated places in New Jersey.
Age Demographics
The median age in Milford is 47.0 years. This is 17% higher than the state median of 40.1 years. 11.1% 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 is $71,806. This is 31% lower than the state median of $103,556. It is also 11% lower than the national median of $80,734. The poverty rate stands at 8.8%. This is 9% lower than the state poverty rate of 9.7%. The unemployment rate is 5.8%. This is 8% lower than the state rate of 6.3%. The median home value is $333,600. Housing costs are 27% lower than the state median of $454,400. The home-value-to-income ratio is 4.6x. 71.8% of occupied housing units are owner-occupied. This homeownership rate is 12% higher than the state average of 63.8%.
Race & Ethnicity
Milford has a predominantly White (non-Hispanic) population, comprising 91.4% of all residents. Hispanic or Latino residents account for 4.3%. The White (non-Hispanic) population is significantly higher than the state average (91.4% vs 50.9%). The Black or African American population (1.8%) is well below the state average of 12.2%. The Hispanic or Latino population (4.3%) is well below the state average of 22.5%. The Asian population (1.3%) is well below the state average of 10.1%.
Education
37.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 15% lower than the state rate of 43.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 92.1%.
Data Sources & Methodology
All demographic data for Milford, New Jersey 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 New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. 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, New Jersey?
Milford, New Jersey has a population of 1,166 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Milford, NJ?
The median household income in Milford is $71,806, which is 11% lower than the national median of $80,734.
What is the poverty rate in Milford, NJ?
The poverty rate in Milford is 8.8%. This means approximately 103 residents live below the federal poverty line.
What is the racial makeup of Milford, New Jersey?
Milford's population is 91.4% White, 1.8% Black, 4.3% Hispanic/Latino, and 1.3% Asian.
What is the median home value in Milford, NJ?
The median home value in Milford is $333,600. The home-value-to-income ratio is 4.6x.
How educated is Milford, New Jersey?
37.2% of adults (25+) in Milford hold a bachelor's degree or higher, and 12.7% hold a graduate or professional degree.