Milford is located in northwest New Jersey. Milford is between the Hunterdon, Warren county. Milford has 1.15 square miles of land area and 0.08 square miles of water area. As of 2010-2014, the total Milford population is 1,065, which has shrunk 10.88% since 2000. The population growth rate is much lower than the state average rate of 5.47% and is much lower than the national average rate of 11.61%. Milford median household income is $81,136 in 2010-2014 and has grown by 48.82% since 2000. The income growth rate is much higher than the state average rate of 30.67% and is much higher than the national average rate of 27.36%. Milford median house value is $265,200 in 2010-2014 and has grown by 72.43% since 2000. The house value growth rate is lower than the state average rate of 87.30% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Milford is better than the state average in quality. The Milford area code is 908.