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ZipNumbers

Connecticut · Census place 47515

Milford city (balance), CT

Quick answer

Milford city (balance) has 50,749 residents, ranking #14 of 215 places in Connecticut. Median household income is $110,126, the median home is worth $377,400 and median gross rent runs $1,820 a month.

Population
50,749Milford city (balance) residents
Median household income
$110,126Past 12 months, inflation adjusted
Median home value
$377,400Owner-occupied units
Median gross rent
$1,820Rent plus utilities, monthly
Median age
46.7 yrsAll residents
Homeownership rate
76.6%Owner-occupied households

What the numbers mean in Milford city (balance)

Housing cost measured against local earnings.

A household earning the Milford city (balance) median would spend about 19.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.5% of residents and 76.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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