Milford, Maine (04461) is a city located in Penobscot County with a population of approximately 2,500 people. The median rental price for two-bedroom apartments in Milford is $1,290, which is slightly lower than the national average of $1,430. The grocery cost index in Milford is 105 versus 100 in the US overall. This indicates that groceries are 5% more expensive in Milford than they are nationally.
The city has several notable companies such as Allied Telesis Inc., Penobscot Energy Recovery Co., and Eastern Fine Paper LLC. As well as offering a great quality of life with rich history and culture, Milford also offers an affordable cost of living. With its low housing costs and moderate grocery prices, it's no wonder that so many people choose to live and work here.
Milford (zip 04461) has an unemployment rate of 5.3%. The US average is 6.0%.
Milford (zip 04461) has seen the job market decrease by -0.4% 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 (zip 04461)
- The Sales Tax Rate for Milford (zip 04461) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Milford (zip 04461) is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Milford (zip 04461)
- The average income of a Milford (zip 04461) resident is $22,943 a year. The US average is $28,555 a year.
- The Median household income of a Milford (zip 04461) resident is $56,303 a year. The US average is $69,021 a year.