Milford

Milford, Iowa, is the Southern Gateway to the Iowa Great Lakes

Welcome to Milford, Iowa, where the beauty of the Iowa Great Lakes meets small-town charm. As the Southern Gateway to the Iowa Great Lakes, Milford offers a welcoming community with a range of amenities and activities to enjoy.

Community Life

Milford is home to the mythical University of Okoboji and is proud of its title as The Gateway to the Iowa Great Lakes. The city boasts numerous city parks, including Buchanan, Calkins, Florence, and Memorial, providing ample green spaces for recreation and relaxation. Milford is also known for its high-standard school system and is the proud home of the Okoboji Pioneers.

Quality of Life

Living in Milford is a pleasure. With a population of just over 3,000 people, the town offers a close-knit community where neighbors become friends. Surrounded by the rolling hills of western Iowa, residents enjoy a range of outdoor activities year-round, from fishing and camping to hiking in nearby lakes and state parks. The town also hosts a variety of festivals and events, adding to its vibrant community spirit.

Business and Entrepreneurship

Milford has a thriving business community, with a diverse range of industrial, retail, and professional businesses. The town's economy is supported by manufacturing, farming, and locally owned companies, providing stability and growth opportunities. With over 300 businesses calling Milford home, the town offers extensive resources to support local entrepreneurs and businesses.

Reasons for Businesses to Relocate to Milford

Milford's local government is known for being friendly toward business growth and development. Affordable utility prices and robust infrastructure support make it an ideal location for businesses looking to relocate or expand. With growing local business opportunities, Milford is a place where businesses can thrive.

Join us in Milford, Iowa, and experience the best of small-town living in the heart of the Iowa Great Lakes. For information concerning economic development incentives, programs, and more please get in touch with the Milford City Clerk at 712-338-2741.

Population

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Population

Population2000201020242029
Milford2,4742,9003,4993,605

Source: ESRI, 2024-09-27

Population by Age

Population2024
0-4187
5-9191
10-14232
15-19227
20-24167
25-29175
30-34245
35-39211
40-44229
45-49216
50-54154
55-59188
60-64255
65-69261
70-74207
75-79146
80-84103
85+105
18+2,739
Median Age43

Source: ESRI, 2024-09-27

Population by Race

Milford2024
Total3,499.00
White Alone92%
Black Alone0.77%
American Indian Alone0%
Asian Alone0.66%
Pacific Islander Alone0.14%
Some Other Race1.71%
Two or More Races4.72%
Hispanic Origin4.37%
Diversity Index22.20

Source: ESRI, 2024-09-27

Growth Rate

Milford2024 - 2029
Population0.60%
Households1.74%
Families1.53%
Median Household Income3%
Per Capita Income4%

Source: ESRI, 2024-09-27

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Housing

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Households

Population2000201020242029
Households1,0421,2751,5681,709
Housing Units1,1291,4131,7471,920
Owner Occupied Units1,1651,322
Renter Occupied Units403387
Vacant Units179211

Source: ESRI, 2024-09-27

Home Value

Milford20242029
Median Home Value$243,868$254,167
Average Home Value$357,339$383,264
<$50,0005356
$50,000 - $99,9996567
$100,000 - $149,999119113
$150,000 - $199,999113115
$200,000 - $249,999265300
$250,000 - $299,999102120
$300,000 - $399,999101125
$400,000 - $499,999104115
$500,000 - $749,999166198
$1,000,000 +2129

Source: ESRI, 2024-09-27

Housing Year Built

Year RangeHouses Built
2010 or Later134
2000-2009132
1990-1999180
1980-1989219
1970-1979301
1960-1969150
1950-1959127
1940-194921
1939 or Before274

Source: ESRI, 2024-09-27

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Income

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Income

Milford20242029
Median Household$66,554$78,017
Average Household$89,225$102,710
Per Capita$40,007$48,713

Source: ESRI, 2024-09-27

Household Income

Milford2024
<$15,00062
$15,000 - $24,999157
$25,000 - $34,999122
$35,000 - $49,999170
$50,000 - $74,999365
$75,000 - $99,999238
$100,000 - $149,999259
$150,000 - $199,999109
$200,000+86

Source: ESRI, 2024-09-27

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Employees

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Commute

CategoryCommuters
Workers 16+1,662
In-County Residents1,366
Out-of-County Residents239
Drive Alone1,284
Carpooled175
Public Transport0
Work at Home84
Motorcycle0
Bicycle0
Walked36
Other83
Less than 5 minutes174
5-9 minutes316
10-14 minutes265
15-19 minutes386
20-24 minutes217
25-29 minutes48
30-34 minutes35
35-39 minutes29
40-44 minutes10
45-59 minutes32
60-89 minutes35
90+ minutes29
Average Travel Time0

Source: ESRI, 2024-09-27

Source: ESRI, 2024-09-27

Employees by NAICS

CategoryNumber
Total Employees1,360
Agr/Forestry/Fish/Hunt5
Mining0
Utilities9
Construction85
Manufacturing29
Wholesale Trade91
  
Retail Trade81
Motor Veh/Parts Dealers2
Furn & Home Furnish Str0
Electronics & Appl Store1
Bldg Matl/Garden Equip15
Food & Beverage Stores12
Health/Pers Care Stores7
Gasoline Stations13
Clothing/Accessory Store6
Sports/Hobby/Book/Music18
General Merchandise Str7
  
Transportation/Warehouse22
Information42
  
Finance & Insurance50
Cntrl Bank/Crdt Intrmdtn38
Sec/Cmdty Cntrct/Oth Inv7
Insur/Funds/Trusts/Other5
  
Real Estate/Rent/Leasing17
Prof/Scientific/Tech Srv263
Legal Services4
Mgmt of Comp/Enterprises25
Admin/Support/Waste Mgmt70
Educational Services144
HealthCare/Social Assist165
Arts/Entertainment/Rec3
  
Accommodation/Food Srvcs155
Accommodation16
Food Srv/Drinking Places139
  
Other Srv excl Pub Admin74
Auto Repair/Maintenance2
Public Administration Emp30

Source: ESRI, 2024-09-27

Educational Attainment (25+)

Milford2024
<9th Grade63
Some High School52
GED146
Graduated High School583
Some College/No Degree524
Associates Degree420
Bachelor's Degree560
Graduate Degree147

Source: ESRI, 2024-09-27

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Businesses

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Businesses by NAICS

CategoryNumber
Total Businesses159
Agr/Forestry/Fish/Hunt Bus2
Mining Bus0
Utilities Bus1
Construction Bus13
Manufacturing Bus5
Wholesale Trade Bus7
  
Retail Trade Bus19
Motor Veh/Parts Dealers Bus1
Furn & Home Furnish Str Bus0
Electronics & Appl Store Bus1
Bldg Matl/Garden Equip Bus3
Food & Beverage Stores Bus2
Health/Pers Care Stores Bus1
Gasoline Stations Bus2
Clothing/Accessory Store Bus1
Sports/Hobby/Book/Music Bus7
General Merchandise Str Bus1
  
Transportation/Warehouse Bus5
Information Bus6
  
Finance & Insurance Bus7
Cntrl Bank/Crdt Intrmdtn Bus3
Sec/Cmdty Cntrct/Oth Inv Bus3
Insur/Funds/Trusts/Other Bus1
  
Real Estate/Rent/Leasing Bus6
Prof/Scientific/Tech Srv Bus9
Legal Services Bus1
Mgmt of Comp/Enterprises Bus1
Admin/Support/Waste Mgmt Bus9
Educational Services Bus4
HealthCare/Social Assist Bus17
Arts/Entertainment/Rec Bus1
  
Accommodation/Food Srvcs Bus14
Accommodation Bus4
Food Srv/Drinking Places Bus10
  
Other Srv excl Pub Admin Bus21
Auto Repair/Maintenance Bus2
Public Administration Bus7

Source: ESRI, 2024-09-27

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