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Population & People
Population
1,762
Median age
43
Median household income
$51,667
Poverty rate
9.4%
Unemployment rate
1.7%
Bachelor's degree+
8.9%
Avg. commute
24 min
Hispanic or Latino
18.1%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$159,700
Median gross rent
$1,029/mo
Homeownership rate
76.34%
HUD FMR — 2 bedroom
$1,096
HUD Fair Market Rent (Indiana statewide average across 92 areas — not specific to Milford), 2026. Efficiency $816, 1BR $882, 2BR $1096, 3BR $1391, 4BR $1590. This is a different official figure from Census median gross rent above.
Energy
Indiana commercial electricity
13.88¢/kWh
Indiana industrial electricity
8.89¢/kWh
Indiana residential electricity
16.23¢/kWh
Economy
Gross Domestic Product: All Industry Total
545234
Real Gross Domestic Product: All Industry Total
422438.7
All-Transactions House Price Index for Indiana
538.71
Unemployment Rate
3.3%
Source: FRED, Indiana-specific series.