Milford, NJ Profile: Facts & Data


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Milford, New Jersey - Basic Facts

The Borough of Milford had a population of 1,210 as of July 1, 2022. Milford ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New Jersey. See peer rankings below.

The primary coordinate point for Milford is located at latitude 40.5687 and longitude -75.0946 in Hunterdon County. The formal boundaries for the Borough of Milford encompass a land area of 1.15 sq. miles and a water area of 0.08 sq. miles. Hunterdon County is in the Eastern time zone (GMT -5). The elevation is 141 feet.

The Borough of Milford has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alternate Unofficial Names for Milford: Burnt Mills, Lowreytown, Sunburn.

Jump to... (On This Page!)
  1. Milford 2022 Demographic Data
  2. Growth Rates for Milford (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New Jersey Research Tools (Easy Tools & Current Data)
  3. New Jersey Data Comparison Tool - 2022 Demographics

Milford, NJ Data & Demographics (As of July 1, 2022)


Total Population 1,210 (100%)
Population in Households 1,204 (99.5%)
Population in Families 948 (78.3%)
Population in Group Quarters1 6 ( 0.5%)
Population Density 1,023
Diversity Index2 31


Median Household Income $87,723
Average Household Income $122,861
% of Income for Mortgage4 18%
Per Capita Income $52,808
Wealth Index5 125


Total HU (Housing Units) 555 (100%)
Owner Occupied HU 361 (65.0%)
Renter Occupied HU 159 (28.6%)
Vacant Housing Units 35 ( 6.3%)
Median Home Value $293,831
Average Home Value $303,740
Housing Affordability Index3 110


Total Households 520
Average Household Size 2.32
Family Households 319
Average Family Size 3.00
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.


2020-2022 2022-2027
Population -0.80% -0.17%
Households -0.34% -0.08%
Families   -0.06%
Median Household Income   1.39%
Per Capita Income   2.04%
Owner Occupied HU   0.33%

Milford, NJ - Peer Comparisons by Rank and Percentile

The table below compares Milford to the other 701 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 530 25th
Population Density # 498 29th
Median Household Income # 445 37th
Housing Affordability Index # 370 53rd
Per Capita Income # 336 52nd
Diversity Index # 588 16th

Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.

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