Milford village, New York Demographics & Population 2026

Population Overview

Milford village is a small community located in New York. The total population is 467. It ranks as the 1078th most populous out of 1,287 cities and towns in New York.

Age Demographics

The median age in Milford village is 48.7 years. This is 23% higher than the state median of 39.6 years. Only 10.3% of residents are under 18, indicating fewer families with children.

Economy, Income & Housing

The median household income in Milford village is $63,750. This is 25% lower than the state median of $84,578. Compared to the national median of $78,538, household income here is 19% lower. The poverty rate stands at 10.3%. This is 25% lower than the state poverty rate of 13.7%. The unemployment rate is 1.1%. This is 82% lower than the state rate of 6.2%. The median home value is $137,500. Housing costs are 66% lower than the state median of $403,000. With a home-value-to-income ratio of just 2.2x, Milford village is one of the most affordable housing markets in the area. 70.8% of occupied housing units are owner-occupied. This homeownership rate is 30% higher than the state average of 54.3%.

Race & Ethnicity

The largest racial or ethnic group in Milford village is White (non-Hispanic), making up 81.8% of the population. Asian residents account for 12.2%. The White (non-Hispanic) population is significantly higher than the state average (81.8% vs 53.4%). The Hispanic or Latino population (5.6%) is well below the state average of 19.6%.

Education

32.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 17% lower than the state rate of 39.6%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.5%.

Data Sources & Methodology

All demographic data for Milford village, New York 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 New York state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,287 Census-designated places in New York. For official data, visit data.census.gov.