Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.0 yrs |
|---|---|
| Avg HH Size | 2.74 |
| Below Poverty | 4.6% ▼ 54% below avg |
| College Grads | 56.9% ▲ 47% above avg |
| Unemployment | 7.8% ▲ 59% above avg |
| No HS Diploma | 13 (0.2%) |
| HS Graduate | 1,221 (21.8%) |
| Some College | 421 (7.5%) |
| Associates | 763 (13.6%) |
| Bachelors | 540 (9.6%) |
| Graduate Degree | 2,654 (47.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $129,509 ▲ 70% above avg |
|---|---|
| Median Home Value | $393,800 ▲ 41% above avg |
| Home/Income Ratio | 3.0x (nat avg ~3.5x) |
| Median Rent | $1,521/mo |
| Total Housing Units | 3,100 |
| Vacant Units | 51 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Milford is a city in New Jersey, located in Hunterdon County. The city spans 1 ZIP code and is home to approximately 8,376 residents. It is a middle-aged city, with a median age of 42 years.
Economically, Milford is a upper-middle-income community. The median household income of $129,509 is significantly above the national average. Approximately 4.6% of residents live below the poverty line. The unemployment rate is 7.8%, significantly above the national average.
The real estate market in Milford is a mid-range housing market. Median home values stand at $393,800, which is above the national average. Renters typically pay around $1,521 per month. Homeownership is high at 90.0%, typical of suburban and family-oriented communities.
The population of Milford is well-educated. 56.9% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (94.72%).
Milford, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 08848 | 8,376 | $129,509 | $393,800 | $1,521 | 7.8% | 56.9% | 90.0% |