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ZipNumbers

Utah · Census place 50040

Milford city, UT

Quick answer

Milford city has 1,400 residents, ranking #153 of 334 places in Utah. Median household income is $79,861, the median home is worth $243,500 and median gross rent runs $872 a month.

Population
1,400Milford city residents
Median household income
$79,861Past 12 months, inflation adjusted
Median home value
$243,500Owner-occupied units
Median gross rent
$872Rent plus utilities, monthly
Median age
30.5 yrsAll residents
Homeownership rate
71.2%Owner-occupied households

What the numbers mean in Milford city

Housing cost measured against local earnings.

A household earning the Milford city median would spend about 13.1% 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 3.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.1% of residents and 71.2% 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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