Milford is a medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Delaware. With a population of 14,079 people and five associated neighborhoods, Milford is the eighth largest community in Delaware. There's nothing like the smell of a brand new house, and in Milford, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Milford, and putting down their money on brand new construction. Milford’s real estate is, on average, some of the newest in the nation. Milford does seem to be experiencing an influx of affluent people, because the median household income is $59,464.00.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.11% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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 also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.

The percentage of people in Milford who are college-educated is somewhat higher than the average US community of 21.84%: 27.56% of adults in Milford have at least a bachelor's degree.

The per capita income in Milford in 2022 was $34,975, which is lower middle income relative to Delaware, and middle income relative to the rest of the US. This equates to an annual income of $139,900 for a family of four. However, Milford contains both very wealthy and poor people as well.

Milford is an extremely ethnically-diverse city. 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. Milford also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 16.46% of the city’s residents. Important ancestries of people in Milford include Irish, English, German, Italian, and Polish.

Milford also has a high percentage of its population that was born in another country: 15.78%.

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