Housing costs in Milford Mill?
A typical home costs
$243,800, which is 27.9% less expensive than the national average of
$338,100 and 37.2% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Milford Mill costs
$1,650 per month, which is 15.4% more than the national average of
$1,430 and close to the state average of
$1,620.
Can I afford Milford Mill?
To live comfortably in Milford Mill, Maryland, a minimum annual income of
$46,800 for a family, and
$53,200 for a single person is recommended.
What does A.I. say about Milford Mill?
Milford Mill, MD has an affordable cost of living compared to many other US cities. The median home value in Milford Mill is approximately $233,000, which is lower than the national average. Additionally, the median household income is roughly $58,000 annually which is comparable to other nearby cities. The cost of living in Milford Mill is lower than the US average due to its tax rate and low housing costs. On average, basic goods such as groceries and fuel are 8-10% less expensive than the national average making Milford Mill a great place to live for those on a tight budget.