Milford borough (Pike County), PA Economy


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Milford borough, PA is an interesting and unique place to live. It offers great amenities and attractions, such as the Milford Museum, which celebrates the history of the town and the nearby Delaware River. Two bedroom rent in Milford is slightly higher than the national average at $1,440 per month. Grocery cost index in Milford borough is 103 versus 100 in the US. Additionally, there are several local businesses that make Milford a great place to live. These include Charley's Restaurant & Pub, The Garden Spa & Boutique, and Baker Street Stationery Store. All of these businesses offer something special for visitors and residents alike. Overall, there are many reasons why people choose to call Milford home!

Milford borough (Pike County) has an unemployment rate of 8.4%. The US average is 6.0%.

Milford borough (Pike County) has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 22.1%, which is lower than the US average of 33.5%.

Tax Rates for Milford borough (Pike County)
- The Sales Tax Rate for Milford borough (Pike County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Milford borough (Pike County) is 3.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Milford borough (Pike County)
- The average income of a Milford borough (Pike County) resident is $36,046 a year. The US average is $37,638 a year.
- The Median household income of a Milford borough (Pike County) resident is $56,058 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMilford borough (Pike County), PennsylvaniaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
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    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
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    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
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    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Milford borough (Pike County)
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Over 3 years ago

Milford Borough, Pennsylvania is the NYC of Pike, Pennsylvania. I loved my visit  More

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in the Summer but in the wintertime the difference enlargens to about 15-20 degrees. Normally stiff winters with lots of snow but in the past 3 years (2004,05,06)  More

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