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. Milford has an unusually large stock of pre-World War II architecture, making it one of the older and more historic boroughs.

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.

A relatively large number of people in Milford telecommute to their jobs. Overall, about 12.28% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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.

In Milford, however, the average commute to work is quite long. On average, people spend 34.22 minutes each day getting to work, which is significantly higher than the national average.

The education level of Milford citizens is substantially higher than the typical US community, as 31.19% of adults in Milford have at least a bachelor's 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.