Milford city (balance), CT

ZIP 06461 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Milford city (balance), CT (06461)

Median Income

$124,129

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+842

Wealth inflow

Population

15,256

Unemployment

3.4%

0.3pp below US avg

IRS migration statistics show a net inflow of about 842 for ZIP 06461 (Milford city (balance), CT) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

3.4%-9% vs US avg

Self-Employed

4.1%-32% vs US avg

SNAP Benefits

3.7%-68% vs US avg

204

Establishments

4,632

Employees

~23 per establishment — mix of small and larger employers

Healthcare

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.6%
Construction4.3%
Manufacturing11.5%
Wholesale trade2.5%
Retail trade11.8%
Transportation, utilities3.8%
Information3.0%
Finance, insurance, real estate8.7%
Professional, scientific, management12.9%
Education, health care, social27.4%
Arts, entertainment, food services5.0%
Other services5.0%
Public administration3.6%

Household Income

Historical Trends in 06461 (2020–Present)

Since 2020, population declined 0.4%, median income fell 4.8% (inflation-adjusted), home values increased 2.5%.

Median Income

$124,129

+65% vs US avg

Unemployment Rate