Milford Village, MO is a small village located in the Midwest of the United States. It is known for its friendly atmosphere and affordable housing options. The average rent for a two bedroom apartment in Milford Village is $750, significantly lower than the US average of $1,430. Additionally, the cost of groceries is also much lower than the national average; Milford Village has a grocery cost index of 94 compared to 100 in the US. This makes it an attractive place to live for those who desire a budget-friendly lifestyle. Local companies include Milford Grocery Store, Valley Cafe, and Joe's Auto Repair Shop. With its low living expenses and friendly atmosphere, you can't go wrong with Milford Village as your next home!
Milford has an unemployment rate of 3.4%. The US average is 6.0%.
Milford has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 19.3%, which is lower than the US average of 33.5%.
Tax Rates for Milford
- The Sales Tax Rate for Milford is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Milford is 5.9%. 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 $12,947 a year. The US average is $37,638 a year.
- The Median household income of a Milford resident is $0 a year. The US average is $69,021 a year.