What are the schools like in Milford, IN?

Milford is served primarily by Wawasee Community School Corp. The district operates 3 elementary schools, 1 middle schools, and 1 high schools with a student-to-teacher ratio of 15.0:1.

What is the median household income in Milford?

The median household income in Milford, IN is $46,650 according to the most recent US Census American Community Survey 5-year estimates. The unemployment rate is 1.0%.

What is the weather like in Milford, IN?

Milford has an average high temperature of 31.9°F in January and 83.2°F in July. Annual precipitation averages 39.4 inches and annual snowfall averages 47.3 inches.

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

Q: Is Milford, IN affordable or expensive?

Milford's cost of living index is 92, where 100 represents the national average. This means Milford is 8% less expensive than the average US city. The median home value is $126,500 and the median rent is $834 per month.

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

Milford has a violent crime rate of 311.7 incidents per 100,000 residents and a property crime rate of 187.0 per 100,000. The national average violent crime rate is approximately 380 per 100,000.

Is Milford, IN a Good Place to Live?

Milford is a small town of 1,762 in Indiana, with a median household income of $46,650 and a 1.0% unemployment rate. Its cost of living index is 92 (US average = 100), which is 8% below the national average.

Strengths: Milford stands out for an affordable cost of living, below-average home prices, lower-than-average crime, 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: 92.5

Milford's overall cost of living index is 92.5, where 100 represents the US national average. Living in Milford costs roughly 8% less than the average American city.

Metric	Milford, IN	National Avg
Median Home Value	$126,500	$244,900
Median Monthly Rent	$834	$1,163
Homeownership Rate	76.5%	65.9%
Median Household Income	$46,650	$74,755

Crime & Safety

Very Safe

Milford's violent crime rate is 311.7 per 100,000 residents — 18% lower than the national average of ~380 per 100,000.

Violent Crime

311.7 /100k

Property Crime

187.0 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Milford is served primarily by Wawasee Community School Corp. The student-to-teacher ratio is 15.0:1 (better than the national average of ~16:1).

Metric	Milford, IN	National Avg
School District	Wawasee Community School Corp	—
Elementary Schools	3	—
Middle Schools	1	—
High Schools	1	—
Student/Teacher Ratio	15.0:1	16:1
Bachelor's Degree or Higher	6.2%	35.4%
High School Diploma or Higher	77.4%	91.1%

Weather & Climate

Milford sees average highs of 31.9°F in January and 83.2°F in July, with 39.4 inches of annual precipitation and 47.3 inches of snow per year.

Metric	Milford, IN
Average High — January	31.9°F
Average High — July	83.2°F
Annual Precipitation	39.4"
Annual Snowfall	47.3"

Demographics

Metric	Milford, IN	National Avg
Population	1,762	—
Median Age	33.4	38.9
Unemployment Rate	1.0%	3.7%
Avg Commute Time	23.2 min	26 min
White (non-Hispanic)	85.4%	59.3%
Black or African American	0.0%	13.6%
Hispanic or Latino	11.9%	18.9%
Asian	0.6%	6.3%
Under 18	30.6%	22.2%
65 and over	17.5%	16.8%

Nearby Cities

Syracuse, IN 5 mi New Paris, IN 6 mi Leesburg, IN 6 mi Oswego, IN 7 mi Benton, IN 8 mi

ZIP Codes in Milford

Milford, IN is covered by 1 ZIP code:

46542

Milford vs Other Cities

Milford, IN vs Syracuse, IN Milford, IN vs New Paris, IN Milford, IN vs Leesburg, IN Milford, IN vs Oswego, IN Milford, IN vs Benton, IN

Frequently Asked Questions

Is Milford, IN affordable or expensive?

Milford's cost of living index is 92, where 100 is the national average. That makes Milford roughly 8% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $126,500 and median rent is $834/month.

What is the crime rate in Milford, IN?

Milford's violent crime rate is 311.7 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 187.0 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.

What are the schools like in Milford?

Public schools in Milford are operated by Wawasee Community School Corp. The district has 3 elementary, 1 middle, and 1 high schools. The student-to-teacher ratio is 15.0:1. 6.2% of adults 25+ hold a bachelor's degree or higher.

Is Milford, IN a good place to live?

Milford, IN has a population of 1,762, a median household income of $46,650, and an unemployment rate of 1.0%. 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 31.9°F in January and 83.2°F in July. Annual rainfall is 39.4 inches with about 47.3 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).

What ZIP codes are in Milford?

Milford, IN is covered by 1 ZIP code: 46542.

What is the population of Milford?

The population of Milford, Indiana is 1,762 with a median age of 33.4. 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 92 (100 = US average), median home $126,500, median household income $46,650, crime index 53 (100 = US average, lower is safer), 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.