Milford city (balance): Economy & Jobs
Households in Milford city (balance) earn a median $111,201, with homes at a median value of $415,200. The surrounding county supports 374,162 jobs (avg $70,431).
Income & Affordability
Median household income $111,201. Poverty rate 5.2% (U.S. average ~12.5%). 40% of renters spend more than half their income on rent ("severely cost-burdened" by HUD definition; U.S. ~24%).
| Affordability · Home Price To Income | 3.7× |
|---|---|
| Affordability · Home Affordability | moderate |
| Affordability · Rent Pct Income | 19.6% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 40.4% |
| Affordability · Poverty Rate | 5.2% |
| Affordability · Property Tax Pct Income | 6.0% |
| Income Estimate | $125,490 |
| Median Household Income | $111,201 |
| Poverty Rate | 5.2% |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12
Economic Character
Qualitative classification derived from Census occupation, industry, and income data — workforce composition (white-collar/blue-collar), top employing sector, and income tier.
| Economic Character · Workforce | white_collar |
|---|---|
| Economic Character · Top Industry | Education Healthcare |
| Economic Character · Income Level | affluent |
| Economic Character · Median Income | $111,201 |
Employment & Workforce
Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 3.0% — below the U.S. average of ~4%. 18% work from home (U.S. average ~15%).
| Commuter Profile · Mean Commute Min | 25.30 |
|---|---|
| Commuter Profile · Work From Home Pct | 17.6% |
| Commuter Profile · Profile | moderate commute |
| Employment · Avg annual employment (county) | 374,162 |
| Employment · Total annual wages (county) | $26,352,608,156 |
| Employment · Average annual pay | $70,431 |
| Employment · Year | 2023 |
| State Occupation Wages · Year | 2023 |
| State Occupation Wages · All Occupations · Soc Code | 00-0000 |
| State Occupation Wages · All Occupations · Title | All Occupations |
| State Occupation Wages · All Occupations · Employment | 1,660,330 |
| Unemployment Rate | 3.0% |
Sources: BLS QCEW 2023 · BLS Occupational Employment and Wage Statistics (OES) · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Industry Sectors
Major industries by establishment count from Census County Business Patterns (2022). Sectors are NAICS-coded; counts are county-wide employer establishments.
| Agriculture · Total Farms | 97 |
|---|---|
| Agriculture · Land In Farms Acres | 401 |
| Agriculture · Avg Farm Size Acres | 4.10 |
| Agriculture · Top Commodities | Crop Totals, Horticulture Totals, Floriculture Totals, Bedding Plant Totals, Nursery Totals |
| Agriculture · Year | 2022 |
Banking
FDIC-insured bank branches with addresses. Branch density correlates with population — fewer branches per resident in lower-density areas.
Branches (1)
SNAP & Food Access
USDA-authorized SNAP retailers — supermarkets, super stores, convenience stores, and other locations where SNAP benefits can be redeemed. Per-1K density tracks food access.
Sample (3)
| Nearest Snap · Name | JERRY'S MEATS |
|---|---|
| Nearest Snap · Distance | 3.0 mi |
Sources: USDA SNAP — nearest by coordinates
Chamber of Commerce
IRS-registered chamber of commerce organizations matched to this town. Reflects the IRS Exempt Organizations BMF; some chambers operate informally and may not appear here.
| Chamber Of Commerce · Name | GREATER NEW HAVEN CHAMBER OF COMMERCE INC |
|---|
Sources: IRS EO BMF · Refreshed 2026-04-12
Spending & Tax
Federal spending flowing to the surrounding county — direct payments, grants, contracts, loans (USAspending.gov).
| Federal Spending · Federal Spending Fy2024 | $4,719,328,513 |
|---|---|
| Federal Spending · Per Capita | 5,456.91 |
| Federal Spending · Population | 864,835 people |
Sources: USAspending API
Other
| Pct Drove Alone | 74.1% |
|---|---|
| Pct Public Transit | 0.6% |
| Pct Walked | 17.6% |
| Retirement Score · Median age | 46.3 years |
| Retirement Score · Ss Household Pct | 34.1% |
| Retirement Score · Hospitals Nearby | 9 |
| Retirement Score · Va Access | Yes |
| Retirement Score · Factors | older population, strong SS base, hospital access, VA nearby |
| Retirement Score · Rating | excellent |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12