Pros and Cons of Living In Milford, Maine. Is Milford, ME a Nice Place To Live or Retire?

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Milford, Maine

Moving to Milford In Maine ? Is Milford, ME a Nice Place To Live? Pros and Cons of Living in Milford, Maine. Find out the best and worst about to live, raise a family or retire in Milford.

Milford is a town in Penobscot County, Maine, United States. It is located across the Penobscot River from the city of Old Town. The population of Milford was 3,069 at the 2020 census. The town's slogan is the "Best little town by a dam site," referring to the Milford Dam abutting Milford on the Penobscot River, south of the Penobscot Indian Island Reservation.

DEMOGRAPHICS

Population
2272
Unemployment
8.1%
72% NAT AVG.
Poverty
14.9%
6% NAT AVG.

ECONOMICS

Median Home Cost
$110800
52% NAT AVG.
Median Income
$47455
30% NAT AVG.
Median Rent
$901
22% NAT AVG.
Overall Score
5

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 7
Unemployed People
1 in 12
People Earning < $10,000
1 in 9
People Earning < $50,000
50.1%
People With Any Degree
1 in 3.4

ETHNICITY

Ethnicity Milford USA
White 94.7% 60.1%
African American 0% 12.2%
American Indian 3.1% 0.6%
Asian 0% 5.6%
Hawaiian 0% 0.2%
Multiracial 0% 2.8%
Hispanic 2.2% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Milford USA
Less than $10,000 11.7% 5.8%
$10,000 to $14,999 3% 4.1%
$15,000 to $24,999 11% 8.5%
$25,000 to $34,999 12.3% 8.6%
$35,000 to $49,999 12.1% 12.0%
$50,000 to $74,999 23.4% 17.2%
$75,000 to $99,999 13.1% 12.8%
$100,000 to $149,999 12.2% 15.6%
$150,000 to $199,999 1.3% 7.1%

EDUCATION

Education Milford USA
< 9th Grade 1% 5.0%
9-12th Grade 5% 7.0%
High School or GED 49% 27.0%
Other College 16% 20.0%
Associate's Degree 9% 9%
Bachelor's Degree 10% 20.0%
Master's Degree 9% 9.0%
Professional Degree 0% 2.0%
Doctorate Degree 1% 1.0%
Milford is a city in Maine state in USA with a population of 2272 residents.. The poverty rate of Milford is 14.9%, which is 6% higher than national average. The typical household in Milford earns $47455 a year, compared to the national median of $67,500. Nearly 50.1% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Milford remained 8.1%, which is 72% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census.

Cost of living in Milford is 0, which is 100% lower than national average. In Milford, only 20% of adults have a bachelor's degree and 25% have some college but no degree. Median home value in Milford is $110800 , which is 52% lower than national average. While median income in Milford remained $47455, which is 30% lower than national average.
Milford Scorecard

Jobs50%

Housing60%

Affordability70%

Safety50%

Amenities50%

Diversity40%

Education80%

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