Housing costs in Milford?
A typical home costs
$416,000, which is 23.0% more expensive than the national average of
$338,100 and 14.9% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Milford costs
$2,150 per month, which is 50.3% more than the national average of
$1,430 and 22.8% more than the state average of
$1,660.
Can I afford Milford?
To live comfortably in Milford (zip 06460), Connecticut, a minimum annual income of
$79,560 for a family, and
$71,200 for a single person is recommended.
What does A.I. say about Milford?
The cost of living in 06460 Milford, CT is generally higher than the national average. The median home price in this zip code is $340,000, which is significantly higher than the national median of $200,500. The unemployment rate in the area is 3.2%, which is lower than the U.S. average of 3.7%. Additionally, residents can expect to pay more for groceries and utilities than other parts of the country due to its proximity to New York City and Boston. However, with a variety of outdoor activities and cultural attractions nearby, many people find that a few extra dollars are worth it to live in this scenic city in Connecticut's shoreline region.