Milford is located close to the center of New York. Milford is part of Otsego County. Milford has 0.42 square miles of land area and has no water area. As of 2010-2014, the total Milford population is 420, which has shrunk 17.81% since 2000. The population growth rate is much lower than the state average rate of 3.26% and is much lower than the national average rate of 11.61%. Milford median household income is $40,179 in 2010-2014 and has has shrunk by 7.83% since 2000. The income growth rate is much lower than the state average rate of 35.25% and is much lower than the national average rate of 27.36%. Milford median house value is $116,200 in 2010-2014 and has shrunk by -61.84% since 2000. The house value growth rate is lower than the state average rate of 90.79% and is 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 close to the state average in quality. The Milford area code is 607.