Housing costs in Milford?
A typical home costs
$474,800, which is 40.4% more expensive than the national average of
$338,100 and 14.8% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Milford costs
$1,820 per month, which is 27.3% more than the national average of
$1,430 and 17.6% cheaper than the state average of
$2,140.
Can I afford Milford?
To live comfortably in Milford (zip 01757), Massachusetts, a minimum annual income of
$91,080 for a family, and
$56,400 for a single person is recommended.
What does A.I. say about Milford?
The cost of living in 01757 Milford, MA is slightly higher than the national average. This is largely due to its proximity to the Boston metro area and amenities like restaurants, shopping, and entertainment. The median home value in Milford is $364,000 with a median household income of $88,217. Renting an apartment generally costs anywhere between $1,200 - $1,800 per month for one-bedroom apartments and around $2,100 - $3,000 for two-bedroom apartments. Groceries are also more expensive in Milford than in other areas outside the Boston metro area. Overall, living in 01757 Milford does come at a slightly higher cost than other parts of Massachusetts or even the United States but offers many opportunities and conveniences that may be worth the extra expense.