Milford, UT is a small city located in Beaver County. It has a population of just over 1,500 people and has seen steady growth over the past few years. The cost of living in Milford is substantially lower than the US average, with two bedroom rental units costing only $810 versus the national average of $1,430. Grocery costs in Milford are also lower with a grocery cost index of 90 versus 100 for the US as a whole. Milford boasts several local companies including Dairy West, White Mountain Construction, and Beaver County Bank & Trust. Residents take pride in their community spirit and enjoy small town living while having access to big-city amenities close by.
Milford has an unemployment rate of 3.1%. The US average is 6.0%.
Milford has seen the job market decrease by -1.4% 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 6.0%. The US average is 7.3%.
- The Income Tax Rate for Milford is 5.0%. 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 $20,606 a year. The US average is $28,555 a year.
- The Median household income of a Milford resident is $72,500 a year. The US average is $69,021 a year.