Overview
          1,141
                  Total Population
                46.6
                  Median age
                51.10%
                  Female population %
                95.7:100
                  Gender ratio (M:F)
                60-64 years
                  Largest age group
                65.8
                  Total dependency ratio
                White
                  Largest racial group
                33
                  Hispanic population
                Sources: U.S. Census Bureau, American Community Survey (ACS) 2021
TABLE OF CONTENTS
Age
Milford's population is old compared to the rest of the country:
- The median age in Milford is 46.6, compared to 38.8 nationwide, according to the American Community Survey 2017 - 2021 5 Year estimates.
 - Milford's population under 18 was 17.00%, compared to the 22.51% nationwide.
 - Milford's elderly or the senior population (over 65 age) was 25.59% as compared to 16.04% nationwide.
 - Of the total population in Milford, 14.11% were under the age of 15, 15.16% aged 15 to 29, 45.14% aged 30 to 64, 24.89% aged 65 to 84, and 0.70% were 85 years of age and older.
 
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Gender
There are 25 more females than males in Milford:
- The female percentage in the USA is 50.50% while the male percentage is 49.50%, compared to 51.10% females and 48.90% males in Milford, NJ.
 - The Milford, NJ gender ratio is 95.7:100 i.e. 95.7 men to 100 women (0.957).
 - For male population, the largest age group is 60-64 years with a population of 66.
 - For the female population, the largest age group is 35-39 years with a population of 58.
 
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Race / Ethnicity
Milford's population is moderately diverse:
- Racial distribution of Milford population: 97.46% are White, 0.53% are Asian, 0.26% are some other race and 1.75% are multiracial.
 - Milford's racial breakdown clearly shows that there is an absolute majority of White population in the borough.
 - By ethnicity, 33 is Hispanic or Latino (of any race), and 1,108 (97.11% of the total population) is Non-Hispanic.
 - The largest racial group in Milford is White with a population of 1,112 (97.46% of the total population).
 
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Year by year
Milford's population has already reached its peak and is showing a trend of decline:
- The peak population was 1,243 in the year 2006
 - From 2000 to 2010, Milford's population increased by 2 (0.16%), as compared to the national growth of 9.63%.
 - From 2010 to 2020, Milford's population decreased by 5 (0.41%), according to Census Bureau's Population Estimates Program. For the same period, the rate of growth for the United States was 7.17%.
 - Between the year 2000 and 2022, Milford's population was lowest in year 2019 at 1,184.
 
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
 - U.S. Census Bureau Population Estimates Population Estimates Program (PEP)