The median household income in Milford, IN in 2022 was $45,225, which was 47.7% less than the median annual income of $66,785 across the entire state of Indiana. Compared to the median income of $36,458 in 2000 this represents an increase of 19.4%. The per capita income in 2022 was $26,067, which means an increase of 33.8% compared to 2000 when it was $17,247.
Whole page based on the data from 2000 / 2022 when the population of Milford, Indiana was 1,550 / 1,770
Income statistics for all residents
Median household income in Milford, IN in 2022:
Milford:
$45,225
State:
$66,785
Change in median household income between 2000 and 2022:
Milford, Indiana:
+24.0%
Indiana:
+60.7%
Number of households with income < $10k:
Milford:
2.4% (16)
State:
5.6% (151,905)
Number of households with income $10k - 20k:
Milford:
11.2% (76)
State:
7.1% (193,665)
Number of households with income $20k - 30k:
Milford:
10.0% (68)
Indiana:
7.8% (213,166)
Number of households with income $30k - 40k:
Milford:
16.5% (112)
State:
8.5% (231,051)
Number of households with income $40k - 50k:
Milford:
14.2% (96)
State:
8.4% (227,994)
Number of households with income $50k - 60k:
Milford:
5.0% (34)
State:
7.7% (210,699)
Number of households with income $60k - 75k:
Milford:
9.3% (63)
Indiana:
10.3% (279,665)
Number of households with income $75k - 100k:
Milford:
13.7% (93)
Indiana:
14.1% (383,225)
Number of households with income $100k - 125k:
Milford:
9.9% (67)
State:
10.3% (279,559)
Number of households with income $125k - 150k:
Milford:
4.3% (29)
State:
6.3% (172,553)
Number of households with income $150k - 200k:
Milford:
1.3% (9)
State:
7.3% (198,086)
Number of households with income > $200k:
Milford:
2.1% (14)
State:
6.8% (184,921)
Aggregate household income in Milford in 2022: $46,552,998
Median family income in Milford in 2022:
Milford:
$63,980
Indiana:
$84,508
Number of families with income < $10k:
Milford:
0.5% (2)
State:
3.5% (60,982)
Number of families with income $20k - 30k:
Milford:
4.6% (18)
State:
4.7% (82,197)
Number of families with income $30k - 40k:
Milford:
15.6% (62)
State:
6.2% (108,519)
Number of families with income $40k - 50k:
Milford:
18.5% (74)
State:
7.3% (126,404)
Number of families with income $50k - 60k:
Milford:
8.2% (33)
State:
7.4% (128,779)
Number of families with income $60k - 75k:
Milford:
9.0% (36)
Indiana:
10.7% (185,712)
Number of families with income $75k - 100k:
Milford:
18.2% (73)
State:
16.1% (280,434)
Number of families with income $100k - 125k:
Milford:
13.7% (55)
State:
12.7% (221,659)
Number of families with income $125k - 150k:
Milford:
7.2% (29)
Indiana:
8.2% (142,241)
Number of families with income $150k - 200k:
Milford:
2.1% (8)
State:
9.9% (171,875)
Number of families with income > $200k:
Milford:
2.5% (10)
State:
9.5% (164,753)
Median non-family income in Milford in 2022:
Milford:
$32,540
State:
$39,768
Change in median non-family income between 2000 and 2022:
Milford, Indiana:
+54.3%
State:
+67.9%
Median per capita income in Milford in 2022:
Milford:
$26,067
State:
$35,984
Change in median per capita income between 2000 and 2022:
Milford, Indiana:
+51.1%
Indiana:
+76.4%
Income statistics for White residents
Median household income in Milford, IN in 2022:
Milford:
$53,290
State:
$70,619
Change in median household income between 2000 and 2022:
Milford, Indiana:
+47.0%
State:
+65.2%
Number of households with income < $10k:
Milford:
2.5% (14)
Indiana:
4.5% (100,447)
Number of households with income $10k - 20k:
Milford:
11.1% (61)
State:
6.5% (144,216)
Number of households with income $20k - 30k:
Milford:
3.8% (21)
State:
7.5% (166,045)
Number of households with income $30k - 40k:
Milford:
20.1% (111)
Indiana:
8.1% (179,206)
Number of households with income $40k - 50k:
Milford:
12.9% (71)
Indiana:
8.1% (178,985)
Number of households with income $50k - 60k:
Milford:
5.8% (32)
State:
7.8% (171,865)
Number of households with income $60k - 75k:
Milford:
8.3% (46)
State:
10.5% (231,572)
Number of households with income $75k - 100k:
Milford:
14.5% (80)
State:
14.6% (323,007)
Number of households with income $100k - 125k:
Milford:
12.2% (67)
State:
10.6% (235,112)
Number of households with income $125k - 150k:
Milford:
4.9% (27)
State:
6.7% (148,936)
Number of households with income $150k - 200k:
Milford:
1.5% (8)
Indiana:
7.7% (170,750)
Number of households with income > $200k:
Milford:
2.4% (13)
Indiana:
7.3% (160,805)
Aggregate household income in Milford in 2022: $39,055,935
Median family income in Milford in 2022:
Milford:
$66,692
State:
$88,109
Number of families with income < $10k:
Milford:
0.6% (2)
Indiana:
2.5% (35,020)
Number of families with income $20k - 30k:
Milford:
4.9% (17)
Indiana:
4.2% (60,156)
Number of families with income $30k - 40k:
Milford:
15.1% (52)
State:
5.8% (82,106)
Number of families with income $40k - 50k:
Milford:
16.7% (57)
Indiana:
6.9% (98,385)
Number of families with income $50k - 60k:
Milford:
9.4% (32)
State:
7.3% (104,303)
Number of families with income $60k - 75k:
Milford:
7.9% (27)
State:
10.7% (152,202)
Number of families with income $75k - 100k:
Milford:
17.6% (60)
Indiana:
16.8% (237,844)
Number of families with income $100k - 125k:
Milford:
15.8% (54)
State:
13.2% (187,178)
Number of families with income $125k - 150k:
Milford:
7.4% (26)
State:
8.6% (122,703)
Number of families with income $150k - 200k:
Milford:
2.0% (7)
Indiana:
10.5% (148,889)
Number of families with income > $200k:
Milford:
2.5% (9)
Indiana:
10.1% (143,001)
Median non-family income in Milford in 2022:
Milford:
$35,812
State:
$41,009
Change in median non-family income between 2000 and 2022:
Milford, Indiana:
+71.9%
Indiana:
+69.4%
Median per capita income in Milford in 2022:
Milford:
$26,612
State:
$38,746
Change in median per capita income between 2000 and 2022:
Milford, Indiana:
+50.8%
State:
+82.8%
Income statistics for Hispanic or Latino residents
Median household income in Milford, IN in 2022:
Milford:
$64,494
Indiana:
$59,737
Change in median household income between 2000 and 2022:
Milford, Indiana:
+46.0%
Indiana:
+60.8%
Number of households with income < $10k:
Milford:
0.0% (0)
State:
5.8% (8,513)
Number of households with income $10k - 20k:
Milford:
0.0% (0)
State:
7.6% (11,151)
Number of households with income $20k - 30k:
Milford:
31.3% (47)
State:
8.7% (12,768)
Number of households with income $30k - 40k:
Milford:
4.7% (7)
Indiana:
9.8% (14,507)
Number of households with income $40k - 50k:
Milford:
27.3% (41)
State:
10.4% (15,272)
Number of households with income $50k - 60k:
Milford:
0.0% (0)
Indiana:
8.0% (11,829)
Number of households with income $60k - 75k:
Milford:
17.3% (26)
State:
11.4% (16,875)
Number of households with income $75k - 100k:
Milford:
14.7% (22)
State:
14.5% (21,434)
Number of households with income $100k - 125k:
Milford:
2.7% (4)
State:
9.2% (13,525)
Number of households with income $125k - 150k:
Milford:
0.0% (0)
State:
4.9% (7,171)
Number of households with income $150k - 200k:
Milford:
0.0% (0)
State:
5.2% (7,618)
Number of households with income > $200k:
Milford:
2.0% (3)
State:
4.7% (6,892)
Aggregate household income in Milford in 2022: $12,194,731
Median family income in Milford in 2022:
Milford:
$77,187
Indiana:
$67,946
Number of families with income $30k - 40k:
Milford:
8.8% (6)
State:
8.0% (8,423)
Number of families with income $40k - 50k:
Milford:
51.1% (35)
State:
8.8% (9,234)
Number of families with income $75k - 100k:
Milford:
30.0% (20)
State:
16.8% (17,634)
Number of families with income $100k - 125k:
Milford:
5.3% (4)
State:
9.8% (10,348)
Number of families with income > $200k:
Milford:
4.8% (3)
Indiana:
5.8% (6,146)
Median per capita income in Milford in 2022:
Milford:
$27,024
State:
$22,779
Change in median per capita income between 2000 and 2022:
Milford, Indiana:
+95.8%
State:
+76.3%
Income statistics for Multirace residents
Median household income in Milford, IN in 2022:
Milford:
$30,527
Indiana:
$59,942
Change in median household income between 2000 and 2022:: -30.2%
Milford, Indiana:
-30.2%
State:
+85.6%
Number of households with income < $10k:
Milford:
0.0% (0)
State:
7.0% (9,131)
Number of households with income $10k - 20k:
Milford:
0.0% (0)
Indiana:
7.5% (9,781)
Number of households with income $20k - 30k:
Milford:
60.4% (61)
State:
8.1% (10,666)
Number of households with income $30k - 40k:
Milford:
5.0% (5)
Indiana:
9.9% (12,947)
Number of households with income $40k - 50k:
Milford:
15.8% (16)
State:
9.9% (13,028)
Number of households with income $50k - 60k:
Milford:
0.0% (0)
Indiana:
7.7% (10,076)
Number of households with income $60k - 75k:
Milford:
2.0% (2)
State:
11.2% (14,741)
Number of households with income $75k - 100k:
Milford:
12.9% (13)
Indiana:
14.5% (18,959)
Number of households with income $100k - 125k:
Milford:
0.0% (0)
State:
8.9% (11,697)
Number of households with income $125k - 150k:
Milford:
4.0% (4)
State:
4.9% (6,406)
Number of households with income $150k - 200k:
Milford:
0.0% (0)
Indiana:
5.9% (7,688)
Number of households with income > $200k:
Milford:
0.0% (0)
State:
4.6% (6,026)
Aggregate household income in Milford in 2022: $4,566,607
Median non-family income in Milford in 2022:
Milford:
$36,154
State:
$38,166
Change in median non-family income between 2000 and 2022:
Milford, Indiana:
+20.5%
Indiana:
+84.7%
Median per capita income in Milford in 2022:
Milford:
$38,247
Indiana:
$23,668
Change in median per capita income between 2000 and 2022:
Milford, Indiana:
+79.9%
State:
+108.5%
Income statistics for other residents
Median household income in Milford, IN in 2022:
Milford:
$79,774
State:
$56,644
Number of households with income < $10k:
Milford:
0.0% (0)
Indiana:
5.4% (3,404)
Number of households with income $10k - 20k:
Milford:
0.0% (0)
Indiana:
7.8% (4,921)
Number of households with income $20k - 30k:
Milford:
0.0% (0)
State:
9.7% (6,136)
Number of households with income $30k - 40k:
Milford:
22.0% (9)
State:
9.7% (6,125)
Number of households with income $40k - 50k:
Milford:
46.3% (19)
State:
11.0% (6,919)
Number of households with income $50k - 60k:
Milford:
0.0% (0)
Indiana:
8.5% (5,388)
Number of households with income $60k - 75k:
Milford:
14.6% (6)
State:
10.8% (6,838)
Number of households with income $75k - 100k:
Milford:
7.3% (3)
State:
13.7% (8,633)
Number of households with income $100k - 125k:
Milford:
9.8% (4)
Indiana:
9.2% (5,784)
Number of households with income $125k - 150k:
Milford:
0.0% (0)
State:
5.6% (3,523)
Number of households with income $150k - 200k:
Milford:
0.0% (0)
State:
3.6% (2,254)
Number of households with income > $200k:
Milford:
0.0% (0)
State:
5.0% (3,185)
Aggregate household income in Milford in 2022: $4,628,141
Median family income in Milford in 2022:
Milford:
$82,450
State:
$64,622
Number of families with income $30k - 40k:
Milford:
38.7% (12)
Indiana:
10.3% (4,668)
Number of families with income $40k - 50k:
Milford:
48.1% (15)
Indiana:
8.7% (3,962)
Number of families with income $100k - 125k:
Milford:
13.2% (4)
State:
10.5% (4,779)
Median non-family income in Milford in 2022:
Milford:
$69,375
State:
$40,883
Change in median non-family income between 2000 and 2022:
Milford, Indiana:
+105.6%
State:
+67.1%
Median per capita income in Milford in 2022:
Milford:
$15,144
State:
$23,719
Change in median per capita income between 2000 and 2022:
Milford, Indiana:
+42.9%
Indiana:
+99.6%
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-30.2%
+85.6%
