Milford, MA is a small city located in the eastern part of Massachusetts. It is a vibrant and diverse community with plenty to offer its residents. The average 2 bedroom rent in Milford, MA is $1,840 which is slightly higher than the US average of $1,430. The grocery cost index here in Milford is 107 versus 100 in the US, making it even more expensive to live here. Local businesses are abundant and include companies such as Sunrise Furniture, a furniture store; Ace Hardware, a hardware store; and several restaurants such as Adams Pizza & Subs and La Stella Pizzeria & Ristorante.
Milford has an unemployment rate of 6.7%. The US average is 6.0%.
Milford has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Milford
- The Sales Tax Rate for Milford is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Milford is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Milford
- The average income of a Milford resident is $33,654 a year. The US average is $28,555 a year.
- The Median household income of a Milford resident is $89,332 a year. The US average is $69,021 a year.