Milford is a very small borough located in the state of New Jersey. With a population of 1,218 people and two associated neighborhoods, Milford is the 465th largest community in New Jersey. Milford has a large stock of pre-World War II architecture, making it one of the older and more historic boroughs in the country.

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.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 12.28% 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 very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Milford really has some of the features that families look for when choosing a good community to raise children. Is Milford perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

One downside of living in Milford is that it can take a long time to commute to work. In Milford, the average commute to work is 34.22 minutes, which is quite a bit higher than the national average.

The overall education level of Milford citizens is substantially higher than the typical US community, as 31.19% of adults in Milford have at least a bachelor's degree, and the average American community has 21.84%.

The per capita income in Milford in 2022 was $45,514, which is lower middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $182,056 for a family of four. However, Milford contains both very wealthy and poor people as well.

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.