Housing costs in Milford?
A typical home costs
$77,900, which is 77.0% less expensive than the national average of
$338,100 and 67.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Milford costs
$710 per month, which is 50.3% cheaper than the national average of
$1,430 and 77.5% cheaper than the state average of
$1,260.
Can I afford Milford?
To live comfortably in Milford, Illinois, a minimum annual income of
$14,760 for a family, and
$21,600 for a single person is recommended.
What does A.I. say about Milford?
The cost of living in Milford, IL is quite reasonable. The overall cost of living index is 8.9% lower than the US average, making it an affordable place to live. The median home price in Milford is $120,000, and the median rent for a two-bedroom apartment is just over $700 per month. Additionally, utilities are very inexpensive compared to other parts of the state. There are also many reasonably priced restaurants and grocery stores in the area that offer quality goods at a low cost. Overall, the cost of living in Milford, IL is very reasonable and makes it an attractive option for those who want to live in a rural area without breaking their budget.