Milford, OH is a small city located in Clermont County with a population of 45150. This family-friendly city offers affordable housing options for its residents, with a two-bedroom rent at $1,060 compared to the US average of $1,430. The cost of living in Milford is also quite low compared to the rest of the nation, as measured by the Grocery Cost Index which is 100 versus 100 in the US.
The local economy is supported by businesses such as Ferno Manufacturing Company, ECM Industries LLC, and Milford Lumber & Supply Co., Inc., among others. These companies provide employment opportunities for those living in Milford and contribute to its development.
Milford (zip 45150) has an unemployment rate of 3.9%. The US average is 6.0%.
Milford (zip 45150) 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 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Milford (zip 45150)
- The Sales Tax Rate for Milford (zip 45150) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Milford (zip 45150) is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Milford (zip 45150)
- The average income of a Milford (zip 45150) resident is $28,129 a year. The US average is $28,555 a year.
- The Median household income of a Milford (zip 45150) resident is $80,706 a year. The US average is $69,021 a year.