Milford, SD is a small town with an estimated population of 300 people. It is known for its tight-knit community and affordable cost of living. The average 2-bedroom rent in Milford, SD is $830 which is significantly lower than the US average of $1,430. Not only that but the local Grocery Cost Index score of 97 also fares better than the national index score of 100. Popular businesses in Milford include the Milford Marketplace Grocery store, JB's Sports Bar, and Wild West Pizza & Steakhouse. In comparison to other areas in the country, Milford's costs for rent and groceries are significantly lower, making it a great choice for those looking for an affordable place to live.
Milford has an unemployment rate of 3.0%. The US average is 6.0%.
Milford has seen the job market increase by 1.6% 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 6.5%. The US average is 7.3%.
- The Income Tax Rate for Milford is 0.0%. 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 $41,109 a year. The US average is $28,555 a year.
- The Median household income of a Milford resident is $60,417 a year. The US average is $69,021 a year.