Housing costs in Milford?
A typical home costs
$222,500, which is 34.2% less expensive than the national average of
$338,100 and 0.4% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Milford costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 18.1% cheaper than the state average of
$980.
Can I afford Milford?
To live comfortably in Milford, Indiana, a minimum annual income of
$42,480 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Milford?
Milford is a very affordable place to live, with the cost of living index at 80.7, which is 20.3% lower than the US average. Housing in Milford is very affordable, with a median home value of $134,200, and rent averages coming in at $727 per month. In addition, groceries cost about 10% less than the national average. Transportation costs are also relatively low compared to other areas, making it easy for residents to get around without breaking their budget. Overall, Milford offers an excellent quality of life to its residents without requiring them to spend an exorbitant amount on living expenses.