Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.8 yrs |
|---|---|
| Avg HH Size | 2.42 |
| Below Poverty | 9.7% ≈ Avg |
| College Grads | 25.7% ▼ 34% below avg |
| Unemployment | 7.0% ▲ 43% above avg |
| No HS Diploma | 18 (0.9%) |
| HS Graduate | 867 (42.5%) |
| Some College | 299 (14.7%) |
| Associates | 331 (16.2%) |
| Bachelors | 123 (6%) |
| Graduate Degree | 402 (19.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $63,892 ▼ 16% below avg |
|---|---|
| Median Home Value | $183,400 ▼ 34% below avg |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $968/mo |
| Total Housing Units | 1,426 |
| Vacant Units | 153 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Milford is a city in Maine, located in Penobscot County. The city spans 1 ZIP code and is home to approximately 3,083 residents. It is a middle-aged city, with a median age of 42.8 years.
Economically, Milford is a solidly middle-class community. The median household income of $63,892 is below the national average. Approximately 9.7% of residents live below the poverty line. The unemployment rate is 7.0%, above the national average.
The real estate market in Milford is an affordable housing market. Median home values stand at $183,400, which is below the national average. Renters typically pay around $968 per month. Homeownership is high at 84.5%, typical of suburban and family-oriented communities.
The population of Milford is moderately educated. 25.7% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (85.66%).
Milford, ME offers residents a cost-conscious lifestyle within Maine.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 04461 | 3,083 | $63,892 | $183,400 | $968 | 7.0% | 25.7% | 84.5% |