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Population & People
Population
50,664
Median age
46.3
Median household income
$111,201
Poverty rate
5.2%
Unemployment rate
4.4%
Bachelor's degree+
50.3%
Avg. commute
21 min
Hispanic or Latino
9.5%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$415,200
Median gross rent
$1,882/mo
Homeownership rate
75.52%
HUD FMR — 2 bedroom
$1,901
HUD Fair Market Rent (Connecticut statewide average across 169 areas — not specific to Milford city (balance)), 2026. Efficiency $1314, 1BR $1538, 2BR $1901, 3BR $2348, 4BR $2741. This is a different official figure from Census median gross rent above.
Energy
Connecticut commercial electricity
23.11¢/kWh
Connecticut industrial electricity
18.35¢/kWh
Connecticut residential electricity
29.38¢/kWh
Economy
Gross Domestic Product: All Industry Total
376455
Real Gross Domestic Product: All Industry Total
293002.8
All-Transactions House Price Index for Connecticut
736.5
Unemployment Rate
5.2%
Source: FRED, Connecticut-specific series.