Housing costs in Milford?
A typical home costs
$422,400, which is 24.9% more expensive than the national average of
$338,100 and 93.1% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Milford costs
$1,430 per month, which is 0.0% cheaper than the national average of
$1,430 and 23.1% more than the state average of
$1,100.
Can I afford Milford?
To live comfortably in Milford, Michigan, a minimum annual income of
$81,000 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Milford?
Milford, MI is an affordable place to live. According to BestPlaces, the cost of living in Milford is about 16% lower than the United States average. Housing costs are especially low, with the median rent for a one-bedroom apartment coming in at around $740 per month. Groceries are relatively affordable as well, costing around 10% less than they do on average in the US. Utility costs tend to be slightly higher than the national average, but overall Milford offers residents low prices and great value for their money.