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Milford borough, NJ
ZIP 08848 — 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 borough, NJ (08848)
Median Income
$129,509
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+539
Wealth inflow
Population
8,376
Unemployment
7.8%
4.1pp above US avg
IRS migration statistics show a net inflow of about 539 for ZIP 08848 (Milford borough, NJ) 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.
Historical Trends in 08848 (2020–Present)
Since 2020, population declined 5.4%, median income fell 3.3% (inflation-adjusted), home values increased 1.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $129,509 |
| Unemployment | 7.8% |
| Establishments | 144 |
| Employees | 816 |