The local economy in the Milford area is diverse and thriving, with a strong base in educational, health and social services and a varied retail and manufacturing sector.
Milford has extremely low unemployment. The city is a strong retail community, with malls, plentiful shopping areas, an automotive sector, furniture stores, specialty shops, and superb restaurants and hotels. Milford has several corporate, research and industrial parks, and is home to several manufacturing firms and internet businesses. Subway and BIC Corporation both have their headquarters in Milford.
A few miles away in New Haven is the home to the world famous Yale University. New Haven is primarily a hub of learning and research. One of the area’s largest employers, Yale is in the heart of downtown New Haven, and brings students and staff from around the country and the world. City services find a stable market in its university population. (There are several other major universities and colleges in New Haven and nearby West Haven as well.)
Top employers in nearby West Haven include Yale University, University of New Haven, the Veterans Administration of Connecticut and United Technology.
Milford has a median household income of just over $61,200; West Haven has a median of just over $42,400, and New Haven (with its large student population) has a median of about $29,600.
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