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Milford, MI 48380 has a population of approximately 7,060 and experiences a population change rate of 19.36%. The population density is 278 / sq mi .
The median household income for Milford, MI 48380 is $121,116, with 2,767 households and an average household size of 2.74.
The median value of a home in Milford, MI 48380 is $445,900 with an appreciation rate of 11.20%. 94.19% of housing in the state is owned while 1.59% is rented.
The cost of living in Milford, MI 48380 is 135.5 %.
The unemployment rate in Milford, MI 48380 is 1.60%, and recent job growth is at 0.83%. Future job growth is projected at 45.92%.
The sales tax rate in Milford, MI 48380 is 6.00%, while the income tax rate is 4.25% .
School expenditures in Milford, MI 48380 are $15,188, and the school ratio is 17:1.
The average high temperature in July is 81.3 degrees, with an average low temperature in January of 15.3 degrees. The average rainfall is approximately 32.6 inches per year, with 41.1 inches of snow per year.