Milford, CT is a small town located in New Haven County with a population of approximately 53,000. The 2-bedroom rent in Milford is $2,150 which is higher than the national average of $1,430. Grocery costs are also higher than the national average at 108 versus 100 in the US. For those looking to make their home in Milford there are many big companies such as Sikorsky Aircraft Corporation, Hubbell Incorporated, and Odyssey Airlines that offer excellent employment opportunities. Despite the high cost of living index compared to the US overall, it's still a great place to live with plenty of job opportunities and great amenities including beaches, parks, and plenty of shopping options.
Milford (zip 06460) has an unemployment rate of 8.0%. The US average is 6.0%.
Milford (zip 06460) has seen the job market decrease by -7.5% over the last year. Future job growth over the next ten years is predicted to be 29.4%, which is lower than the US average of 33.5%.
Tax Rates for Milford (zip 06460)
- The Sales Tax Rate for Milford (zip 06460) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Milford (zip 06460) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Milford (zip 06460)
- The average income of a Milford (zip 06460) resident is $54,311 a year. The US average is $37,638 a year.
- The Median household income of a Milford (zip 06460) resident is $90,166 a year. The US average is $69,021 a year.