What are the schools like in Milford, IL?

Milford is served primarily by Milford Area PSD 124. The district operates 1 elementary schools, several middle schools, and 1 high schools with a student-to-teacher ratio of 10.5:1.

What is the median household income in Milford?

The median household income in Milford, IL is $48,162 according to the most recent US Census American Community Survey 5-year estimates. The unemployment rate is 3.5%.

What is the weather like in Milford, IL?

Milford has an average high temperature of 33.5°F in January and 84.8°F in July. Annual precipitation averages 40.7 inches and annual snowfall averages 25.2 inches.

Milford, IL Cost of Living, Crime & Is It a Good Place to Live? (2026)

Q: Is Milford, IL affordable or expensive?

Milford's cost of living index is 88, where 100 represents the national average. This means Milford is 12% less expensive than the average US city. The median home value is $58,400 and the median rent is $714 per month.

Q: What is the crime rate in Milford, IL?

Crime rate data for Milford is not currently available from the FBI's reported data.

Is Milford, IL a Good Place to Live?

Milford is a small town of 1,246 in Illinois, with a median household income of $48,162 and a 3.5% unemployment rate. Its cost of living index is 88 (US average = 100), which is 12% below the national average.

Strengths: Milford stands out for an affordable cost of living, below-average home prices, solid school ratings (B+), short average commutes.

Trade-offs: No major red flags stand out in the available data. Whether Milford is right for you depends on your priorities — the full breakdown is below.

All Milford city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 87.9

Milford's overall cost of living index is 87.9, where 100 represents the US national average. Living in Milford costs roughly 12% less than the average American city.

Metric	Milford, IL	National Avg
Median Home Value	$58,400	$244,900
Median Monthly Rent	$714	$1,163
Homeownership Rate	74.3%	65.9%
Median Household Income	$48,162	$74,755

Crime & Safety

Crime data for Milford is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Milford is served primarily by Milford Area PSD 124. The student-to-teacher ratio is 10.5:1 (better than the national average of ~16:1).

Metric	Milford, IL	National Avg
School District	Milford Area PSD 124	—
Elementary Schools	1	—
Middle Schools	N/A	—
High Schools	1	—
Student/Teacher Ratio	10.5:1	16:1
Bachelor's Degree or Higher	19.2%	35.4%
High School Diploma or Higher	81.7%	91.1%

Weather & Climate

Milford sees average highs of 33.5°F in January and 84.8°F in July, with 40.7 inches of annual precipitation and 25.2 inches of snow per year.

Metric	Milford, IL
Average High — January	33.5°F
Average High — July	84.8°F
Annual Precipitation	40.7"
Annual Snowfall	25.2"

Demographics

Metric	Milford, IL	National Avg
Population	1,246	—
Median Age	43.8	38.9
Unemployment Rate	3.5%	3.7%
Avg Commute Time	22.8 min	26 min
White (non-Hispanic)	94.9%	59.3%
Black or African American	0.5%	13.6%
Hispanic or Latino	3.5%	18.9%
Asian	0.0%	6.3%
Under 18	22.1%	22.2%
65 and over	20.9%	16.8%

Nearby Cities

Wellington, IL 6 mi Woodland, IL 6 mi Watseka, IL 10 mi Cissna Park, IL 11 mi Hoopeston, IL 12 mi

ZIP Codes in Milford

Milford, IL is covered by 1 ZIP code:

60953

Milford vs Other Cities

Milford, IL vs Wellington, IL Milford, IL vs Woodland, IL Milford, IL vs Watseka, IL Milford, IL vs Cissna Park, IL Milford, IL vs Hoopeston, IL

Frequently Asked Questions

Is Milford, IL affordable or expensive?

Milford's cost of living index is 88, where 100 is the national average. That makes Milford roughly 12% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $58,400 and median rent is $714/month.

What is the crime rate in Milford, IL?

Crime data for Milford is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.

What are the schools like in Milford?

Public schools in Milford are operated by Milford Area PSD 124. The district has 1 elementary, several middle, and 1 high schools. The student-to-teacher ratio is 10.5:1. 19.2% of adults 25+ hold a bachelor's degree or higher.

Is Milford, IL a good place to live?

Milford, IL has a population of 1,246, a median household income of $48,162, and an unemployment rate of 3.5%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.

What is the weather like in Milford?

Milford averages 33.5°F in January and 84.8°F in July. Annual rainfall is 40.7 inches with about 25.2 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).

What ZIP codes are in Milford?

Milford, IL is covered by 1 ZIP code: 60953.

What is the population of Milford?

The population of Milford, Illinois is 1,246 with a median age of 43.8. Source: US Census ACS 5-Year Estimates.

What are the pros and cons of living in Milford?

Key numbers for living in Milford: cost of living index 88 (100 = US average), median home $58,400, median household income $48,162, schools rated B+. Whether these are benefits or drawbacks depends on where you're coming from — compare Milford side by side with your current city to see the trade-offs.