Housing costs in Milford?
A typical home costs
$145,900, which is 56.8% less expensive than the national average of
$338,100 and 45.6% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Milford costs
$830 per month, which is 42.0% more than the national average of
$1,430 and 9.6% cheaper than the state average of
$910.
Can I afford Milford?
To live comfortably in Milford, South Dakota, a minimum annual income of
$28,080 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Milford?
The cost of living in Milford, SD is generally quite affordable. The median home value for housing currently sits at $95,000 and the median household income is around $40,000. This makes Milford a great place to live for those on a budget. The local economy continues to grow and produce jobs with an unemployment rate of just 3%. Utility costs are low and transportation is easily accessible as the town is served by both bus and rail systems. The overall cost of living in Milford, SD remains well below the national average, making it one of the most reasonably priced places to live in South Dakota.