Milford city (balance), CT

ZIP 06460 — 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 (06460)

Median Income

$106,776

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+2,047

Wealth inflow

Population

37,084

Unemployment

4.9%

1.2pp above US avg

IRS migration statistics show a net inflow of about 2,047 for ZIP 06460 (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

4.9%+32% vs US avg

Self-Employed

3.8%-38% vs US avg

SNAP Benefits

5.8%-50% vs US avg

1,506

Establishments

21,274

Employees

~14 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

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

Occupation

Industry

Agriculture, forestry, mining0.4%
Construction4.7%
Manufacturing11.6%
Wholesale trade1.7%
Retail trade9.3%
Transportation, utilities4.3%
Information2.6%
Finance, insurance, real estate8.8%
Professional, scientific, management11.2%
Education, health care, social30.7%
Arts, entertainment, food services6.5%
Other services4.0%
Public administration4.3%

Household Income

Historical Trends in 06460 (2020–Present)

Since 2020, population declined 5.4%, median income rose 0.0% (inflation-adjusted), home values decreased 0.7%.

Median Income

$106,776

+42% vs US avg

Unemployment Rate