This data is based on ZIP code 13807.
The U.S. Census reports business data by ZIP code, not city boundaries. Some businesses just outside city limits may be included, and vice versa.
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Milford ZIP Area Economy · 2023
Wages -15% vs. avg. Otsego Co. town
Milford's ZIP area supports 231 jobs across 38 businesses, with workers earning an average of $42K per year, 15% below the Otsego County average. The economy is well-diversified (0.95 index), led by food & accommodation and healthcare. 92.1% of businesses have fewer than 20 employees, and each business employs an average of 6.1 people. Jobs declined 0.4% from the prior year while business count grew 5.6%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Otsego Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
38 businesses by employee count. 92.1% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Economic Densityi
0.49
jobs per resident
6.1
employees per business
County avg: 14.9-59%
$21K
payroll per resident
$258K
payroll per business
Milford ZIP Area vs. Avg. Otsego Co. Towni
All Industries in ZIP Areai
| Sector | Milford ZIP | Avg. Otsego Co. | Spec. |
|---|---|---|---|
| Food & Accommodation | 9 | 28 | 1.4x |
| Healthcare | 7 | 24 | 1.3x |
| Retail Trade | 5 | 35 | 0.6x |
| Utilities | 3 | 1 | 13.4x |