Housing costs in Milford?
A typical home costs
$360,900, which is 6.7% more expensive than the national average of
$338,100 and 16.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Milford costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 24.0% cheaper than the state average of
$1,240.
Can I afford Milford?
To live comfortably in Milford, Minnesota, a minimum annual income of
$69,120 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Milford?
Milford, MN is a great place to live with reasonable costs of living. Housing costs are generally lower than the state and national averages, making it an affordable option for those looking for a new home. Groceries, utilities, and transportation tend to be slightly higher than other areas of the country but still remain within budget for most families. Overall, cost of living in Milford is slightly below average when compared to other areas in Minnesota.