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Milford, ME Profile: Facts & Data

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Milford, Maine - Basic Facts

The Milford Census Designated Place had a population of 2,266 as of July 1, 2020.

The primary coordinate point for Milford is located at latitude 44.9462 and longitude -68.6439 in Penobscot County. The formal boundaries for the Milford Census Designated Place encompass a land area of 3.34 sq. miles and a water area of 0.04 sq. miles. Penobscot County is in the Eastern time zone (GMT -5). The elevation is 141 feet.

The Milford Census Designated Place (GNIS ID: 2377937) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Milford Census Designated Place is located within Town of Milford, a minor civil division (MCD) of Penobscot County.


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Milford, ME Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 2,266 (100%)
Population in Households 2,266 (100.0%)
Population in Families 1,657 (73.1%)
Population in Group Quarters1 0
Population Density 678
Diversity Index2 11
 
 

INCOME

Median Household Income $56,882
Average Household Income $63,936
% of Income for Mortgage4 9%
Per Capita Income $27,233
Wealth Index5 53
 

HOUSING

Total HU (Housing Units) 1,100 (100%)
Owner Occupied HU 779 (70.8%)
Renter Occupied HU 229 (20.8%)
Vacant Housing Units 92 ( 8.4%)
Median Home Value $121,154
Average Home Value $125,642
Housing Affordability Index3 251
 

HOUSEHOLDS

Total Households 1,008
Average Household Size 2.25
Family Households 619
Average Family Size 3
NOTES
  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.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 0.14% 0.23%
Households 0.3% 0.3%
Families 0.54% 0.06%
Median Household Income   0.89%
Per Capita Income   1.44%
Owner Occupied HU   0.33%

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Milford, ME - Peer Comparisons by Rank and Percentile

The table below compares Milford to the other 130 incorporated cities, towns and CDPs in Maine by rank and percentile using July 1, 2020 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 # 60 54th
Population Density # 42 68th
Median Household Income # 43 68th
Housing Affordability Index # 126 97th
Per Capita Income # 70 47th
Diversity Index # 75 43rd

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

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