Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.2 yrs |
|---|---|
| Avg HH Size | 2.66 |
| Below Poverty | 7.9% ▼ 21% below avg |
| College Grads | 51.6% ▲ 33% above avg |
| Unemployment | 9.0% ▲ 83% above avg |
| No HS Diploma | 12 (1.4%) |
| HS Graduate | 303 (34.3%) |
| Some College | 74 (8.4%) |
| Associates | 38 (4.3%) |
| Bachelors | 133 (15.1%) |
| Graduate Degree | 323 (36.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $86,250 ▲ 13% above avg |
|---|---|
| Median Home Value | $167,600 ▼ 40% below avg |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Median Rent | $838/mo |
| Total Housing Units | 719 |
| Vacant Units | 248 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Milford is a city in New York, located in Otsego County. The city spans 1 ZIP code and is home to approximately 1,260 residents. It is a mature city, with a median age of 48.2 years.
Economically, Milford is a middle-income community. The median household income of $86,250 is near the national average. Approximately 7.9% of residents live below the poverty line. The unemployment rate is 9.0%, significantly above the national average.
The real estate market in Milford is an affordable housing market. Median home values stand at $167,600, which is below the national average. Renters typically pay around $838 per month. Homeownership is high at 82.4%, typical of suburban and family-oriented communities.
The population of Milford is well-educated. 51.6% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (91.27%).
Milford, NY offers residents above-average earning potential within New York.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 13807 | 1,260 | $86,250 | $167,600 | $838 | 9.0% | 51.6% | 82.4% |