Housing costs in Milford?
A typical home costs
$445,900, which is 31.9% more expensive than the national average of
$338,100 and 103.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Milford costs
$1,810 per month, which is 26.6% more than the national average of
$1,430 and 39.2% more than the state average of
$1,100.
Can I afford Milford?
To live comfortably in Milford (zip 48380), Michigan, a minimum annual income of
$85,320 for a family, and
$56,800 for a single person is recommended.
What does A.I. say about Milford?
The cost of living in 48380 Milford, MI is relatively high compared to the national average. Housing costs are particularly expensive, with median home prices coming in at $245,000. Utilities such as electricity and natural gas are also more expensive than the national average. The median rent for a 2-bedroom apartment is close to $1,000 per month. Other expenses such as transportation and food tend to be slightly higher than the national average as well. Overall, 48380 Milford has a higher cost of living when compared to other parts of Michigan and the rest of the country.