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Milford Square, Pennsylvania Demographics & Population 2026

Very AffordableHome value to income ratio of 1.7x is exceptionally low

During the 2020–2024 ACS period, Milford Square, Pennsylvania had a total population of 1,312, the 861st largest community in Pennsylvania, with a median household income of $179,355, which is 130% higher than the state average. The poverty rate is 0.3%.

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

Key Takeaways

Milford Square Quick Facts

Population 1,312
Median Household Income $179,355
Median Home Value $307,700
Poverty Rate 0.3%
Unemployment Rate 0.0%
Median Age 37.2 years
Homeownership Rate 89.9%
Affordability Ratio 1.7x
Bachelor's Degree or Higher 33.6%
High School Graduation Rate 98.1%
Diversity Index 19/100
Population 1,312 861st of 1,991
Median Income $179,355 top 10%
Poverty Rate 0.3% 98% lower than national
Median Home Value $307,700 top 20%

How Milford Square 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
Population1,2741,312+3.0%
Median household income$180,000$179,355-0.4%
Median home value$313,200$307,700-1.8%

How Milford Square Compares

Economy & Housing

Household Income Distribution

Under $25K 0.0%
$25K-$50K 8.7%
$50K-$100K 12.3%
$100K+ 79.0%
Detailed income brackets
Under $10K
0.0%
$10K-$15K
0.0%
$15K-$20K
0.0%
$20K-$25K
0.0%
$25K-$30K
0.0%
$30K-$35K
8.7%
$35K-$40K
0.0%
$40K-$45K
0.0%
$45K-$50K
0.0%
$50K-$60K
2.8%
$60K-$75K
3.4%
$75K-$100K
6.1%
$100K-$125K
15.4%
$125K-$150K
6.1%
$150K-$200K
23.1%
$200K+
34.4%

Employment

0.0% Unemployment Rate State: 5.3%|National: 5.2%
91.0% Labor Force Participation

Housing Overview

Owner 89.9%
Renter 10.1%
Affordability Index Very Affordable
1.7x home value to income ratio
Median gross rent $1,719/mo 11.5% of median household income annually

People & Demographics

Diversity Index

19out of 100
Very Low Diversity

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

State average: 45 | National average: 61

Education

Milford Square Rankings in Pennsylvania

#861 Population of 1,991
#19 Median Income of 1,854
#488 Education of 1,987
#272 Home Value of 1,871

Other Cities in Bucks County

CityPopulationMedian IncomePovertyHome Value
Levittown 50,926 $105,071 7.0% $341,300
Bristol 9,902 $76,042 8.6% $271,100
Morrisville 9,752 $99,526 8.6% $292,200
Croydon 9,684 $70,308 10.9% $293,700
Quakertown 9,319 $85,959 10.2% $278,500
Perkasie 9,216 $93,845 6.7% $372,100
Fairless Hills 8,827 $80,807 13.2% $358,800
Doylestown 8,341 $99,322 5.5% $527,700
Richboro 6,963 $159,007 0.8% $559,700
Newtown Grant 6,193 $168,750 4.8% $583,600

Cities Similar to Milford Square

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
St. Vincent College1,326N/AN/A78.0%58.7%
Chadds Ford1,341$184,286$516,30073.1%2.7%
Clay1,362N/A$277,40013.7%11.3%
University of Pittsburgh Johnstown1,380N/AN/AN/AN/A
Pine Grove Mills1,502$180,173$378,50060.3%0.0%

Population Overview

Milford Square is a small community located in Pennsylvania, within Bucks County. The total population is 1,312. It ranks as the 861st most populous out of 1,991 Census-designated places in Pennsylvania.

Age Demographics

The median age in Milford Square is 37.2 years. This is 9% lower than the state median of 40.9 years.

Economy, Income & Housing

The median household income in Milford Square is $179,355. This is 130% higher than the state median of $77,971. It is also 122% higher than the national median of $80,734. The poverty rate stands at 0.3%. This is 97% lower than the state poverty rate of 11.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The survey records no unemployed residents in Milford Square, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $307,700. Housing costs are 21% higher than the state median of $254,500. With a home-value-to-income ratio of just 1.7x, Milford Square is one of the most affordable housing markets in the area. 89.9% of occupied housing units are owner-occupied. This homeownership rate is 30% higher than the state average of 69.3%.

Race & Ethnicity

Milford Square has a predominantly White (non-Hispanic) population, comprising 89.6% of all residents. Hispanic or Latino residents account for 3.7%. The Black or African American population (3.4%) is well below the state average of 10.3%. The Hispanic or Latino population (3.7%) is well below the state average of 8.7%.

Education

33.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 5% lower than the state rate of 35.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.1%. Notably, 15.6% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Milford Square, Pennsylvania 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 Pennsylvania state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,991 Census-designated places in Pennsylvania. 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 Square, Pennsylvania?

Milford Square, Pennsylvania has a population of 1,312 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Milford Square, PA?

The median household income in Milford Square is $179,355, which is 122% higher than the national median of $80,734.

What is the poverty rate in Milford Square, PA?

The poverty rate in Milford Square is 0.3%. This means approximately 4 residents live below the federal poverty line.

What is the racial makeup of Milford Square, Pennsylvania?

Milford Square's population is 89.6% White, 3.4% Black, 3.7% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Milford Square, PA?

The median home value in Milford Square is $307,700. The home-value-to-income ratio is 1.7x.

How educated is Milford Square, Pennsylvania?

33.6% of adults (25+) in Milford Square hold a bachelor's degree or higher, and 15.6% hold a graduate or professional degree.