Housing costs in Milford?
A typical home costs
$395,300, which is 16.9% more expensive than the national average of
$338,100 and 80.7% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Milford costs
$1,390 per month, which is 2.8% cheaper than the national average of
$1,430 and 20.9% more than the state average of
$1,100.
Can I afford Milford?
To live comfortably in Milford (zip 48381), Michigan, a minimum annual income of
$75,600 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Milford?
The cost of living in Milford, MI (48381) is quite reasonable. The overall cost of living index for the area is 97.3, which is slightly lower than the national average. The median home value in Milford is $213,700 and the median rental price for a three-bedroom apartment is around $1,200 per month. Utilities on average are $180 per month. Groceries, transportation and healthcare costs are all comparable to the national averages as well. Overall, living in 48381 Milford can be an affordable option for those looking to settle down near Detroit without breaking their budget.