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MapMap ViewMilford, NJ 08848 has a population of approximately 8,416 and experiences a population change rate of -2.14%. The population density is 252.2 / sq mi .
The median household income for Milford, NJ 08848 is $121,715, with 2,993 households and an average household size of 2.83.
The median value of a home in Milford, NJ 08848 is $394,800 with an appreciation rate of 15.10%. 86.82% of housing in the state is owned while 7.09% is rented.
The cost of living in Milford, NJ 08848 is 135.4 %.
The unemployment rate in Milford, NJ 08848 is 2.40%, and recent job growth is at 2.20%. Future job growth is projected at 46.36%.
The sales tax rate in Milford, NJ 08848 is 6.63%, while the income tax rate is 5.53% .
School expenditures in Milford, NJ 08848 are $27,051, and the school ratio is 9.8:1.
The average high temperature in July is 84.8 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 49.3 inches per year, with 25.5 inches of snow per year.
