What is the median household income in Milford Square, PA?
The median household income in Milford Square, PA is $179,355 (±$49,644) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,719 a month would take about $68,800 a year at the common guideline of spending no more than 30% of income on rent.
In Milford Square, the median household income went from $150,221 in 2015–2019 to $179,355 in 2020–2024 (+19.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $179,355 (±$49,644)
- Median renter income
- $136,250 (±$84,146)
- Income to afford median rent
- about $68,800
Income in Milford Square against Bucks County, its state and the nation
| Milford Square | Bucks County | Pennsylvania | United States | |
|---|---|---|---|---|
| Median household income | $179,355 (±$49,644) | $114,764 (±$2,067) | $77,971 (±$342) | $80,734 |
| Median renter household income | $136,250 (±$84,146) | $61,935 (±$1,808) | $47,506 (±$425) | $52,966 |
| Median owner household income | $190,036 (±$48,218) | $135,528 (±$2,430) | $95,990 (±$362) | $100,009 |
| Median gross rent | $1,719 (±$562) | $1,605 (±$30) | $1,209 (±$5) | $1,413 |
In Milford Square, median household income is higher than in Bucks County ($114,764).
It is also higher than in Pennsylvania ($77,971).
It is higher than the national figure ($80,734).
In Bucks County, Milford Square ranks 3 of 20 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 12 of 386.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Milford Square
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,719 a month ($20,628 a year) needs an income of about $68,800 a year.
The median renting household in Milford Square earns $136,250 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $150,221 (±$53,687) | $179,355 (±$49,644) | +19.4% | No measurable change after inflation |
| Median home value | $253,000 (±$33,539) | $307,700 (±$49,070) | +21.6% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Milford Square
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Milford Square | — | $179,355 (±$49,644) | — |
| Trumbauersville | 2.0 mi | $112,500 (±$44,102) | Lower |
| Spinnerstown | 2.4 mi | $143,375 (±$28,430) | Not measurably different |
| Quakertown | 3.1 mi | $85,959 (±$11,322) | Lower |
| Richland Township (Bucks County) | 3.5 mi | $99,476 (±$13,066) | Lower |
| Lower Milford Township | 4.5 mi | $123,186 (±$46,523) | Not measurably different |
| Richlandtown | 5.2 mi | $74,439 (±$17,812) | Lower |
| Coopersburg | 5.4 mi | $84,357 (±$24,711) | Lower |
| Pennsburg | 5.5 mi | $111,848 (±$11,915) | Lower |
Nearby places with a measurably lower figure: Trumbauersville, PA ($112,500), Quakertown, PA ($85,959), Richland Township (Bucks County), PA ($99,476).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Bucks County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Churchville | $192,519 (±$46,175) |
| 2 | Woodbourne | $186,000 (±$31,834) |
| 3 | Milford Square | $179,355 (±$49,644) |
| 4 | Plumsteadville | $176,313 (±$70,841) |
| 5 | Woodside | $172,206 (±$34,767) |
| 6 | Newtown Grant | $168,750 (±$18,403) |
| 7 | Richboro | $159,007 (±$5,168) |
| 8 | Spinnerstown | $143,375 (±$28,430) |
| 9 | Village Shires | $132,188 (±$22,781) |
Showing 9 of 20 places in Bucks County, ranked from highest to lowest.
Milford Square is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Milford Township (Bucks County), whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Milford Square
What is the median household income in Milford Square?
The median household income in Milford Square is $179,355 (±$49,644) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Milford Square?
About $68,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,719 a month.
Have incomes in Milford Square kept up with inflation?
In Milford Square, the median household income went from $150,221 in 2015–2019 to $179,355 in 2020–2024 (+19.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Milford Square?
The median renting household in Milford Square, PA earns $136,250 (±$84,146) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Milford Square CDP, Pennsylvania
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Milford Square CDP, Pennsylvania
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Milford Square CDP, Pennsylvania
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Milford Square CDP, Pennsylvania
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Milford Square CDP, Pennsylvania
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Milford Square CDP, Pennsylvania
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Milford Square CDP, Pennsylvania (place:49440, in state:42).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Milford Square at a glance
- Home values in Milford Square
- Homeowner costs in Milford Square
- Property taxes in Milford Square
- Types of homes in Milford Square
- Heating fuel in Milford Square
- Commute and cars in Milford Square
- Population growth in Milford Square
- Fair Market Rent in Milford Square
- Pennsylvania landlord and tenant rules
- Housing across Bucks County
- Pennsylvania places ranked by median household income
- Housing data for every place in Pennsylvania