Housing costs in Milford?
A typical home costs
$202,300, which is 40.2% less expensive than the national average of
$338,100 and 39.4% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Milford costs
$1,290 per month, which is 9.8% cheaper than the national average of
$1,430 and 3.1% more than the state average of
$1,250.
Can I afford Milford?
To live comfortably in Milford (zip 04461), Maine, a minimum annual income of
$38,880 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Milford?
The cost of living in Milford, ME (04461) is fairly low compared to the national average. The median household income in Milford is around $50,000, and the median home value comes in at around $135,000. The area has a relatively low unemployment rate of 4.3%, and a moderate crime rate. In terms of prices for basic goods and services, Milford residents typically pay about 10% below what typical customers would spend elsewhere in Maine or the United States on average. This means that they are able to save money while still having access to the same products as other areas.