Milford, New York Demographics & Population 2026
During the 2020–2024 ACS period, Milford, New York had a total population of 475, the 1077th largest village in New York, with a median household income of $64,167, which is 25% lower than the state average. The poverty rate is 6.7%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 2.4x.
- Near full employment with an unemployment rate of just 1.8%.
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 | 467 | 475 | +1.7% |
| Median household income | $63,750 | $64,167 | +0.7% |
| Median home value | $137,500 | $152,500 | +10.9% |
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: 65 | National average: 61
Education
Educational Attainment (Adults 25+)
Milford Rankings in New York
Explore New York Rankings
Other Cities in Otsego County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Oneonta | 15,045 | $61,111 | 16.6% | $184,100 |
| Cooperstown | 2,220 | $76,000 | 11.6% | $380,900 |
| West End | 1,891 | $71,563 | 20.9% | $151,100 |
| Unadilla | 1,419 | $65,972 | 17.6% | $110,800 |
| Richfield Springs | 1,104 | $55,750 | 25.6% | $132,400 |
| Worcester | 1,032 | $64,474 | 35.9% | $145,700 |
| Otego | 936 | $78,804 | 6.8% | $186,100 |
| Morris | 626 | $98,500 | 11.8% | $172,500 |
| Edmeston | 515 | $57,269 | 23.7% | $143,400 |
| Cherry Valley | 482 | $96,458 | 5.8% | $162,200 |
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 |
|---|---|---|---|---|---|
| Coopers Plains | 480 | N/A | $223,100 | 29.8% | 15.6% |
| Kiamesha Lake | 469 | N/A | $151,100 | 6.5% | 4.9% |
| Barryville | 461 | N/A | $389,700 | 61.9% | 3.0% |
| Elba | 485 | $65,625 | $143,300 | 19.3% | 6.2% |
| Edwards | 490 | $61,786 | $82,600 | 13.5% | 13.5% |
A note before these figures: with a population of 475, Milford's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Milford is a small community located in New York, within Otsego County. The total population is 475. It ranks as the 1077th most populous out of 1,289 Census-designated places in New York.
Age Demographics
The median age in Milford is 47.3 years. This is 19% higher than the state median of 39.8 years. Only 9.5% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Milford is $64,167. This is 25% lower than the state median of $85,974. It is also 21% lower than the national median of $80,734. The poverty rate stands at 6.7%. This is 52% lower than the state poverty rate of 14.0%. The unemployment rate is 1.8%. This is 72% lower than the state rate of 6.4%. The median home value is $152,500. Housing costs are 64% lower than the state median of $423,800. With a home-value-to-income ratio of just 2.4x, Milford is one of the most affordable housing markets in the area. 68.6% of occupied housing units are owner-occupied. This homeownership rate is 26% higher than the state average of 54.4%.
Race & Ethnicity
The largest racial or ethnic group in Milford is White (non-Hispanic), making up 84.8% of the population. Asian residents account for 10.1%. The White (non-Hispanic) population is significantly higher than the state average (84.8% vs 52.8%). The Hispanic or Latino population (4.0%) is well below the state average of 19.8%.
Education
24.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 39% lower than the state rate of 40.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.4%.
Data Sources & Methodology
All demographic data for Milford, New York 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 York state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,289 Census-designated places in New York. 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 York?
Milford, New York has a population of 475 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Milford, NY?
The median household income in Milford is $64,167, which is 21% lower than the national median of $80,734.
What is the poverty rate in Milford, NY?
The poverty rate in Milford is 6.7%. This means approximately 32 residents live below the federal poverty line.
What is the racial makeup of Milford, New York?
Milford's population is 84.8% White, 0.0% Black, 4.0% Hispanic/Latino, and 10.1% Asian.
What is the median home value in Milford, NY?
The median home value in Milford is $152,500. The home-value-to-income ratio is 2.4x.
How educated is Milford, New York?
24.6% of adults (25+) in Milford hold a bachelor's degree or higher, and 14.1% hold a graduate or professional degree.