Milford, Massachusetts 

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Economy in Milford, Massachusetts

Milford has an unemployment rate of 4.6%. The US average is 5.2%.

Milford has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is lower than the US average of 38.0%.

Tax Rates for Milford
- The Sales Tax Rate for Milford is 6.3%. The US average is 6.0%.
- The Income Tax Rate for Milford is 5.1%. The US average is 4.6%.

Income and Salaries for Milford
- The average income of a Milford resident is $33,654 a year. The US average is $28,555 a year.
- The Median household income of a Milford resident is $68,007 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYMilford, MassachusettsUnited States
  Unemployment Rate4.6%5.2%
  Recent Job Growth0.8%1.6%
  Future Job Growth37.1%38.0%
  Sales Taxes6.3%6.0%
  Income Taxes5.1%4.6%
  Income per Cap.$33,654$28,555
  Household Income$68,007$53,482
  Family Median Income$81,209$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.2%1.3%
  Mining, quarrying, oil and gas extraction0.1%0.6%
  Construction7.3%6.2%
  Manufacturing11.1%10.4%
  Wholesale trade2.2%2.7%
  Retail trade12.2%11.6%
  Transportation and warehousing2.9%4.1%
  Utilities00
  Information2.0%2.1%
  Finance and insurance8.7%4.7%
  Real estate, rental, leasing1.2%1.9%
  Professional, scientific, technical services9.9%6.7%
  Management of companies0.2%0.1%
  Administrative, support, waste mgt svcs5.1%4.3%
  Educational services7.9%9.3%
  Health care and social assistance12.7%13.8%
  Arts, entertainment, recreation1.1%2.2%
  Accommodation, food services7.2%7.4%
  Other services4.9%4.9%
  Public administration0.024570.04801
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    ZIP CODES IN MILFORD, MASSACHUSETTS
    01757
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