Milford, MI is an idyllic city located in southeastern Michigan. It offers a wide variety of attractions, amenities, and activities for residents and visitors alike. From local businesses like Backyard Suds & Brews to outdoor recreation opportunities at Huron Valley Trail, there’s something for everyone in Milford. Additionally, the cost of living is very reasonable; 2 bedroom rent is only $1,430 compared to the national average and grocery cost index also remains much lower than other cities around the US. With its perfect combination of comfort and affordability, it’s a great place to call home.
Milford has an unemployment rate of 3.5%. The US average is 6.0%.
Milford has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Milford
- The Sales Tax Rate for Milford is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Milford is 4.3%. 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 $37,583 a year. The US average is $28,555 a year.
- The Median household income of a Milford resident is $90,591 a year. The US average is $69,021 a year.