Milford is a city in Massachusetts state in USA with a population of 26072 residents.. The poverty rate of Milford is 10.1%, which is 28% lower than national average. The typical household in Milford earns $83233 a year, compared to the national median of $67,500. Nearly 30.8% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Milford, only 88% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Milford remained 4.5%, which is 4% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Milford, only 33% of adults have a bachelor's degree and 26% have some college but no degree.

Cost of living in Milford is 125, which is 25% higher than national average. Median home value in Milford is $324300 , which is 41% higher than national average. While median income in Milford remained $83233, which is 23% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.