This data is based on ZIP code 51351, which covers Milford and Arnolds Park and Wahpeton and West Okoboji.
The U.S. Census reports business data by ZIP code, not city boundaries. All numbers reflect the combined ZIP code 51351 area shared across these towns.
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Milford ZIP Area Economy · 2023
Wages -3% vs. avg. Dickinson Co. town
Milford's ZIP area supports 1,291 jobs across 166 businesses, with workers earning an average of $46K per year, 3% below the Dickinson County average. The economy is well-diversified (0.92 index), led by construction and admin services. 92.8% of businesses have fewer than 20 employees, and each business employs an average of 7.8 people. Jobs grew 1.5% from the prior year while business count declined 2.9%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Dickinson Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
166 businesses by employee count. 92.8% are small businesses (under 20 employees).
Small (5-9)
Micro (<5)
Small (10-19)
Medium (20-49)
Medium (50-99)
Economic Densityi
0.39
jobs per resident
7.8
employees per business
County avg: 10.0-22%
$18K
payroll per resident
$357K
payroll per business
Milford ZIP Area vs. Avg. Dickinson Co. Towni
All Industries in ZIP Areai
| Sector | Milford ZIP | Avg. Dickinson Co. | Spec. |
|---|---|---|---|
| Construction | 35 | 39 | 1.3x |
| Admin Services | 19 | 17 | 1.6x |
| Retail Trade | 17 | 35 | 0.7x |
| Food & Accommodation | 16 | 29 | 0.8x |
| Other Services | 14 | 22 | 0.9x |
| Healthcare | 13 | 20 | 0.9x |
| Manufacturing | 10 | 10 | 1.5x |
| Transportation | 10 | 12 | 1.2x |
| Finance & Insurance | 6 | 14 | 0.6x |
| Professional Services | 6 | 15 | 0.6x |
| Wholesale Trade | 4 | 7 | 0.8x |
| Arts & Entertainment | 4 | 9 | 0.6x |
| Information | 3 | 4 | 1.1x |