Housing costs in Milford?
A typical home costs
$240,500, which is 28.9% less expensive than the national average of
$338,100 and 23.4% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Milford costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 3.1% more than the state average of
$930.
Can I afford Milford?
To live comfortably in Milford, Iowa, a minimum annual income of
$46,080 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Milford?
The cost of living in Milford, IA is quite affordable compared to other cities. The median home value in the town is $137,400 according to Zillow, which is significantly lower than the national average of $220,100. Additionally, groceries and utilities in Milford are relatively inexpensive. According to BestPlaces, the cost of living index in Milford is 81.6 which is substantially lower than that of the United States (100). This means that goods and services are less expensive in this town. With a low cost of living and plenty of outdoor recreation activities nearby, Milford has become an ideal destination for those looking for a low-cost place to live.