Milford Township, MO is a small town located in the Midwest. It offers an affordable cost of living with two-bedroom rent at only $750 compared to the US's average of $1430. Grocery costs are also significantly lower than the national average, with an index score of 94 versus 100 in the US. This makes Milford Township ideal for those looking to save money on their everyday expenses. The town is home to several local companies that offer a variety of goods and services including Main Street Clothing & Accessories, Milford General Store, and Ponderosa Steakhouse. With its low cost of living and range of businesses, Milford Township is a great place to live or visit.
Milford township has an unemployment rate of 3.4%. The US average is 6.0%.
Milford township 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 township
- The Sales Tax Rate for Milford township is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Milford township 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 township
- The average income of a Milford township resident is $38,609 a year. The US average is $37,638 a year.
- The Median household income of a Milford township resident is $0 a year. The US average is $69,021 a year.