Town of Milford — Financial Data

2,827 Population FY 2024

$304 Town-Wide Per Capita Spending All residents incl. villages FY 2025

$307 Part-Town Per Capita Spending Outside villages only FY 2025

3.7% Debt Service FY 2025

9.6 Fiscal Stress FY 2024

20.0 Env. Stress FY 2024

Data comparability note: Contains villages: Village of Milford (pop. 367). Town-wide per capita spending covers all residents including village residents (A-fund services: community services, culture and recreation, debt service, employee benefits, general government, health, public safety, sanitation, transportation). Part-town per capita spending covers only residents outside incorporated villages (B-fund services: community services, culture and recreation, employee benefits, general government, public safety, transportation).

Villages in Milford

Total village population: 367 (13% of town)

Village of Milford pop. 367

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

10.8% Poverty Rate 2023

25.2% Bachelor's+ Rate 2023

0.2% Unemployment Rate 2023

82.3% Homeownership Rate 2023

Median Household Income

$71,301 (2023)

2010 2023

Per Capita Income

$52,615 (2023)

2010 2023

Median Home Value

$175,200 (2023)

2010 2023

Median Gross Rent

$983 (2023)

2010 2023

Median Age

43.4 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.6 (2023)

2010 2023

Financial Trends

Total spending across all funds, including services for the entire town and services exclusive to areas outside villages · 1995–2025

Fiscal Health

Debt Outstanding

$185,803 (2024)

2011 2024

Full Value of Taxable Property

$328,780,439 (2024)

2011 2024

Debt Service

$60,033 (2025)

1995 2025

Debt Service %

3.7% (2025)

1995 2025

Town-Wide Per Capita Spending

$304 (2025)

2010 2025

Part-Town Per Capita Spending

$307 (2025)

2010 2025

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

9.6 (2024)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

20.0 (2024)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$649,083 (2025)

1995 2025

State Aid

$374,557 (2025)

1995 2025

Sales And Use Tax

$349,533 (2025)

1995 2025

Charges For Services

$38,192 (2025)

1995 2025

Federal Aid

$35,959 (2025)

1996 2025

Top Expenditures

Transportation

$1,148,094 (2025)

1995 2025

General Government

$260,626 (2025)

1995 2025

Employee Benefits

$135,181 (2025)

1995 2025

Public Safety

$8,334 (2025)

1995 2025

Sanitation

$2,091 (2025)

1995 2025

Financial Documents (85)

Year	Title	Type
2025	Town of Milford OSC Annual Financial Report 2025	OSC_TOWN_CSV_AFR
2024	Town of Milford OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Milford OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Milford FSMS Report 2024	FSMS_MONITORING
2023	Town of Milford Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5

View all 85 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: None
OSC Code: 360353200000

School Details

Not applicable for this entity type.