Milford is a small town of 462 in New York, with a median household income of $50,938
and a 2.1% unemployment rate.
Its cost of living index is 94 (US average = 100), which is
6% below the national average.
Strengths:
Milford stands out for an affordable cost of living, below-average home prices, solid school ratings (A-), 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: 93.6
Milford's overall cost of living index is 93.6,
where 100 represents the US national average.
Living in Milford costs roughly 6% less than the average American city.
Metric
Milford, NY
National Avg
Median Home Value
$125,000
$244,900
Median Monthly Rent
$722
$1,163
Homeownership Rate
71.8%
65.9%
Median Household Income
$50,938
$74,755
Crime & Safety
Very Safe
Milford's violent crime rate is 6.7 per 100,000 residents
— 98% lower than the national average of ~380 per 100,000.
Violent Crime
6.7 /100k
Property Crime
13.4 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Milford is served primarily by MILFORD CENTRAL SCHOOL DISTRICT.
The student-to-teacher ratio is 9.2:1
(better than the national average of ~16:1).
Metric
Milford, NY
National Avg
School District
MILFORD CENTRAL SCHOOL DISTRICT
—
Elementary Schools
N/A
—
Middle Schools
N/A
—
High Schools
N/A
—
Student/Teacher Ratio
9.2:1
16:1
Bachelor's Degree or Higher
25.8%
35.4%
High School Diploma or Higher
95.6%
91.1%
Weather & Climate
Milford sees average highs of 23.3°F in January
and 72.6°F in July,
with 46.2 inches of annual precipitation
and 85.5 inches of snow per year.
Milford's cost of living index is 94, where 100 is the national average.
That makes Milford roughly 6% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $125,000 and median rent is $722/month.
Milford's violent crime rate is 6.7 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 13.4 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Milford are operated by MILFORD CENTRAL SCHOOL DISTRICT.
The district has several elementary, several middle, and several high schools.
The student-to-teacher ratio is 9.2:1. 25.8% of adults 25+ hold a bachelor's degree or higher.
Milford, NY has a population of 462, a median household income of $50,938, and an unemployment rate of 2.1%.
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.
Milford averages 23.3°F in January and 72.6°F in July. Annual rainfall is 46.2 inches
with about 85.5 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Milford, NY is covered by 1 ZIP code: 13807.
The population of Milford, New York is 462 with a median age of 48.0. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Milford: cost of living index 94 (100 = US average), median home $125,000, median household income $50,938, crime index 1 (100 = US average, lower is safer), schools rated A-. 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.
