Milford Center, OH is a small town located in Union County. It is home to many local businesses such as Milford Wine & Spirits, Foodie's Market Deli Cafe, and the Union Tavern. The median housing costs in this area are lower than the US average at $1,180 for a 2 bedroom rental unit. The grocery cost index in Milford Center is 99 which means that it is slightly cheaper than other places in the US. In general, the economy of Milford Center is thriving due to its low cost of living, employment opportunities through local businesses, and access to amenities like restaurants and shops.
Milford Center has an unemployment rate of 3.4%. The US average is 6.0%.
Milford Center has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 34.7%, which is higher than the US average of 33.5%.
Tax Rates for Milford Center
- The Sales Tax Rate for Milford Center is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Milford Center 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 Center
- The average income of a Milford Center resident is $26,231 a year. The US average is $37,638 a year.
- The Median household income of a Milford Center resident is $75,694 a year. The US average is $69,021 a year.