Housing costs in Milford?
A typical home costs
$231,800, which is 31.4% less expensive than the national average of
$338,100 and 4.6% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Milford costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 14.0% cheaper than the state average of
$980.
Can I afford Milford?
To live comfortably in Milford (zip 46542), Indiana, a minimum annual income of
$44,280 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Milford?
The cost of living in 46542 Milford, IN is relatively low compared to other towns in the area. The median home cost in the zip code is $110,000 and the median household income is $57,000. Rent prices are also relatively affordable when compared to other towns in the area; the average rent for a two-bedroom apartment is around $800 per month. Groceries, utilities, and transportation costs are also lower than average. Overall, Milford offers an inexpensive option for those looking to live in a small town with amenities nearby while still keeping their budget in check.