Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 41.6 yrs |
|---|---|
| Avg HH Size | 2.37 |
| Below Poverty | 16.1% ▲ 61% above avg |
| College Grads | 32.2% ▼ 17% below avg |
| Unemployment | 2.9% ▼ 40% below avg |
| No HS Diploma | 26 (2%) |
| HS Graduate | 466 (36%) |
| Some College | 213 (16.4%) |
| Associates | 173 (13.4%) |
| Bachelors | 100 (7.7%) |
| Graduate Degree | 317 (24.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $55,662 ▼ 27% below avg |
|---|---|
| Median Home Value | $98,500 ▼ 65% below avg |
| Home/Income Ratio | 1.8x (nat avg ~3.5x) |
| Median Rent | $720/mo |
| Total Housing Units | 1,032 |
| Vacant Units | 127 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Milford is a city in Illinois, located in Iroquois County. The city spans 1 ZIP code and is home to approximately 2,141 residents. It is a middle-aged city, with a median age of 41.6 years.
Economically, Milford is a solidly middle-class community. The median household income of $55,662 is below the national average. Approximately 16.1% of residents live below the poverty line. The unemployment rate is 2.9%, below the national average.
The real estate market in Milford is one of the more affordable housing markets in the country. Median home values stand at $98,500, which is well below the national average. Renters typically pay around $720 per month. Homeownership is high at 78.3%, typical of suburban and family-oriented communities.
The population of Milford is moderately educated. 32.2% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (97.62%).
Milford, IL offers residents a cost-conscious lifestyle within Illinois.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 60953 | 2,141 | $55,662 | $98,500 | $720 | 2.9% | 32.2% | 78.3% |