Milford Mill, MD is a suburb of Baltimore City just west of the city. It is a popular neighborhood due to its great residential and commercial areas. The area has seen a lot of growth in recent years with many new businesses popping up such as Walmart, Home Depot, Starbucks, and more. The average rent for a two-bedroom apartment in Milford Mill is $1,650 which is slightly higher than the national average of $1,430. Additionally, the grocery cost index in Milford Mill is 101 versus 100 nationally. This makes it an affordable place to live with plenty of amenities nearby. With great access to major highways like I-695 and I-795 you can easily get around town or into the city. Local entertainment venues include movie theaters, bowling alleys, restaurants and bars. There are also several parks and recreation centers where locals enjoy outdoor activities like walking trails and swimming pools.
Milford Mill has an unemployment rate of 6.0%. The US average is 6.0%.
Milford Mill has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Milford Mill
- The Sales Tax Rate for Milford Mill is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Milford Mill is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Milford Mill
- The average income of a Milford Mill resident is $28,553 a year. The US average is $28,555 a year.
- The Median household income of a Milford Mill resident is $66,388 a year. The US average is $69,021 a year.