New Jersey · Census place 46260
Milford borough, NJ
Quick answer
Milford borough has 1,306 residents, ranking #527 of 700 places in New Jersey. Median household income is $88,295, the median home is worth $304,100 and median gross rent runs $1,476 a month.
- Population
- 1,306Milford borough residents
- Median household income
- $88,295Past 12 months, inflation adjusted
- Median home value
- $304,100Owner-occupied units
- Median gross rent
- $1,476Rent plus utilities, monthly
- Median age
- 43.1 yrsAll residents
- Homeownership rate
- 73.4%Owner-occupied households
What the numbers mean in Milford borough
Housing cost measured against local earnings.
A household earning the Milford borough median would spend about 20.1% 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 6.8% of residents and 73.4% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- Sunset Lake CDP 1,341
- Chesilhurst borough 1,340
- Springfield CDP 1,338
- Brookside CDP 1,287
- Newfoundland CDP 1,281
- Crandon Lakes CDP 1,258
- Dorothy CDP 1,255
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