Milford is a very small borough located in the state of New Jersey. With a population of 1,218 people and two associated neighborhoods, Milford is the 465th largest community in New Jersey. Much of the housing stock in Milford was built prior to World War II, making it one of the older and more historic boroughs in the country.

Housing costs in Milford are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New Jersey.

Of important note, Milford is also a borough of artists. Milford has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Milford’s character.

Telecommuters are a relatively large percentage of the workforce: 12.28% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Milford is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Milford’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.

One downside of living in Milford, however, is that residents on average have to contend with a long commute, spending on average 34.22 minutes every day commuting to work.

In terms of college education, Milford is substantially better educated than the typical community in the nation, which has 21.84% of the adults holding a bachelor's degree or graduate degree: 31.19% of adults in Milford have a college degree.

The per capita income in Milford in 2022 was $45,514, which is lower middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $182,056 for a family of four. However, Milford contains both very wealthy and poor people as well.

The people who call Milford home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Milford residents report their race to be White, followed by Black or African-American. Important ancestries of people in Milford include Italian, Irish, German, English, and Polish.

The most common language spoken in Milford is English. Other important languages spoken here include Polish and Spanish.