Milford, a city located in the state of Michigan (MI), is home to a population of approximately 6,483 people. Milford boasts a median age of 41.5, with around 27.4% of its residents aged 60 or above. 4.8% of the population identifies as US Veterans. 13.3% of Milford residents are disabled. The city has an average household income of $98,054, while the unemployment rate stands at 3%, and around 10.3% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Milford is $317,330, with a monthly rent averaging $1,052.