Milford, IL Profile: Facts & Data


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Milford, Illinois - Basic Facts

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The Village of Milford had a population of 1,195 as of July 1, 2021. Milford ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.

The primary coordinate point for Milford is located at latitude 40.6284 and longitude -87.6961 in Iroquois County. The formal boundaries for the Village of Milford encompass a land area of 0.64 sq. miles and a water area of 0 sq. miles. Iroquois County is in the Central time zone (GMT -6). The elevation is 666 feet.

The Village of Milford has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Milford is located within Township of Milford, a minor civil division (MCD) of Iroquois County.

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  1. Milford 2021 Demographic Data
  2. Growth Rates for Milford (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Illinois Research Tools (Easy Tools & Current Data)
  3. Illinois Data Comparison Tool - 2021 Demographics

Milford, IL Data & Demographics (As of July 1, 2021)


Total Population 1,195 (100%)
Population in Households 1,195 (100.0%)
Population in Families 910 (76.2%)
Population in Group Quarters1 0
Population Density 1,802
Diversity Index2 16


Median Household Income $46,365
Average Household Income $59,725
% of Income for Mortgage4 7%
Per Capita Income $26,744
Wealth Index5 53


Total HU (Housing Units) 639 (100%)
Owner Occupied HU 415 (64.9%)
Renter Occupied HU 127 (19.9%)
Vacant Housing Units 97 (15.2%)
Median Home Value $76,961
Average Home Value $105,616
Housing Affordability Index3 299


Total Households 542
Average Household Size 2.2
Family Households 328
Average Family Size 3
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.


2010-2021 2021-2026
Population -0.79% -0.97%
Households -0.62% -0.83%
Families -0.34% -0.93%
Median Household Income   1.74%
Per Capita Income   2.33%
Owner Occupied HU   -0.63%

Milford, IL - Peer Comparisons by Rank and Percentile

The table below compares Milford to the other 1,369 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2021 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 647 53rd
Population Density # 331 76th
Median Household Income # 1169 15th
Housing Affordability Index # 1087 79th
Per Capita Income # 971 29th
Diversity Index # 615 55th

Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.

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