Milford is a very small borough located in the state of New Jersey. With a population of 1,222 people and two associated neighborhoods, Milford is the 465th largest community in New Jersey.

Housing costs in Milford are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New Jersey.

Of important note, Milford is also a borough of artists. Milford has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Milford’s character.

Also of interest is that Milford has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 17.60% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Because of many things, Milford is a great place for families with children to consider. First of all, many other families with children live here, making Milford a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Milford has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Milford’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.

One downside of living in Milford, however, is that residents on average have to contend with a long commute, spending on average 34.50 minutes every day commuting to work.

The population of Milford is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 39.75% of adults in Milford have a bachelor's degree or even advanced degree.

The per capita income in Milford in 2022 was $43,878, which is lower middle income relative to New Jersey, and upper middle income relative to the rest of the US. This equates to an annual income of $175,512 for a family of four.

The people who call Milford home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Milford residents report their race to be White, followed by Black or African-American. Important ancestries of people in Milford include Italian, Irish, German, English, and Polish.

The most common language spoken in Milford is English. Other important languages spoken here include Polish and Spanish.