Milford, OH is a great place to live with plenty of attractions and businesses to enjoy. The city has an average rent of $1,070 for a two bedroom apartment, which is more affordable than the national average of $1,430. In addition, the Grocery Cost Index in Milford is on par with the national index of 100. This makes it easy to find quality groceries at reasonable prices. There are many local businesses to explore such as Meijer Supermarkets, Jungle Jims International Market and Great Wolf Lodge, as well as nearby attractions such as Coney Island Amusement Park and Kings Island Theme Park. All in all, Milford provides an excellent place to call home with plenty of activities and amenities to enjoy.
Milford has an unemployment rate of 3.9%. The US average is 6.0%.
Milford has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Milford
- The Sales Tax Rate for Milford is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Milford is 4.5%. 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 $24,426 a year. The US average is $28,555 a year.
- The Median household income of a Milford resident is $67,188 a year. The US average is $69,021 a year.