Milford Square, PA Profile: Facts & Data

The primary coordinate point for Milford Square is located at latitude 40.437 and longitude -75.3988 in Bucks County. The formal boundaries for the Milford Square Census Designated Place encompass a land area of 0.92 sq. miles and a water area of 0 sq. miles. Bucks County is in the Eastern time zone (GMT -5).

The Milford Square Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Milford Square Census Designated Place is located within Township of Milford, a minor civil division (MCD) of Bucks County.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Milford Square, PA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,136 (100%)
Population in Households	1,132 (99.6%)
Population in Families	1,003 (88.3%)
Population in Group Quarters¹	4 ( 0.4%)
Population Density	1,234
Diversity Index²	29


INCOME
Median Household Income	$176,463
Average Household Income	$208,649
% of Income for Mortgage⁴	16%
Per Capita Income	$79,533
Wealth Index⁵	225
Socioeconomic Status Index⁶	High (68.4)

HOUSING
Total HU (Housing Units)	435 (100%)
Owner Occupied HU	369 (84.8%)
Renter Occupied HU	64 (14.7%)
Vacant Housing Units	2 ( 0.5%)
Median Home Value	$435,981
Average Home Value	$536,585
Housing Affordability Index³	149

HOUSEHOLDS
Total Households	433
Average Household Size	2.61
Family Households	314
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Milford Square, PA - Peer Comparisons by Rank and Percentile

The table below compares Milford Square to the other 2,002 incorporated cities, towns and CDPs in Pennsylvania by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.02%	-0.27%
Households	-0.05%	-0.09%
Families		0.06%
Median Household Income		0.79%
Per Capita Income		2.14%
Owner Occupied HU		-0.11%

Variable Description	Rank	Percentile
Total Population	# 934	53rd
Population Density	# 1014	49th
Median Household Income	# 17	99th
Housing Affordability Index	# 1574	79th
Per Capita Income	# 33	98th
Diversity Index	# 667	67th

Milford Square, PA Profile: Facts & Data

Milford Square, Pennsylvania - Basic Facts

Milford Square, PA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Milford Square, PA - Peer Comparisons by Rank and Percentile

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