Milford, ME is a great place to live for those looking for an affordable yet comfortable home. The 2 bedroom rent in Milford, ME is $1,290 which is much lower than the US average of $1,430. Additionally, the grocery cost index in Milford is 105 versus 100 in the US making it an even more economical option. Milford has many local businesses like Milford Health Services that provide excellent healthcare services and amenities like Milford Golf Club where you can enjoy the outdoors. If you are looking for a place with a good quality of life at an affordable price then look no further than Milford, ME.
Milford has an unemployment rate of 5.3%. The US average is 6.0%.
Milford has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Milford
- The Sales Tax Rate for Milford is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Milford is 7.2%. 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 $22,943 a year. The US average is $28,555 a year.
- The Median household income of a Milford resident is $56,303 a year. The US average is $69,021 a year.