Housing costs in Milford?
A typical home costs
$412,200, which is 21.9% more expensive than the national average of
$338,100 and 13.8% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Milford costs
$1,940 per month, which is 35.7% more than the national average of
$1,430 and 14.4% more than the state average of
$1,660.
Can I afford Milford?
To live comfortably in Milford (zip 06461), Connecticut, a minimum annual income of
$78,840 for a family, and
$64,000 for a single person is recommended.
What does A.I. say about Milford?
The cost of living in 06461 Milford, CT is higher than the national average. The median home value in this area is around $309,000, which is much higher than the rest of the country. Additionally, general living expenses such as groceries and utilities are more expensive than other areas. This is largely due to the high quality of life found in this affluent Connecticut town. Despite these costs, however, Milford offers plenty of opportunities for employment and recreation that can make these additional expenses worth it for many families.