Milford is a very small borough located in the state of Pennsylvania. With a population of 1,144 people and five associated neighborhoods, Milford is the 809th largest community in Pennsylvania. Milford has an unusually large stock of pre-World War II architecture, making it one of the older and more historic boroughs.

Milford real estate is some of the most expensive in Pennsylvania, although Milford house values don't compare to the most expensive real estate in the U.S.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.50% 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.

One of the benefits of Milford is that there is very little traffic. The average commute to work is 17.93 minutes, which is substantially less than the national average. Not only does this mean that the drive to work is less aggravating, but noise and pollution levels are lower as a result.

The citizens of Milford are among the most well-educated in the nation: 40.92% of adults in Milford have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.

The per capita income in Milford in 2022 was $46,069, which is wealthy relative to Pennsylvania, and upper middle income relative to the rest of the US. This equates to an annual income of $184,276 for a family of four. However, Milford contains both very wealthy and poor people as well.

Milford is a somewhat ethnically-diverse borough. 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 Asian. Important ancestries of people in Milford include Irish, German, Italian, Polish, and English.

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