Milford, CT (06461) is a charming coastal city located along the Long Island Sound on the east coast of Connecticut. Milford has a population of 52,759 and is known for its beautiful beaches and parks, as well as its vibrant local culture. The average two bedroom rent in Milford is $1,940 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Milford is 108 versus 100 in the US.
Milford features many local businesses such as La Bonne Vie Café & Bakery which offers delicious baked goods, Marisa’s Ristorante which specializes in Italian cuisine, and Arooga’s Grille which serves up some of Milford's most famous burgers. Geographically speaking, there are numerous outdoor activities available throughout Milford including hikes around Silver Sands State Park and swimming at Walnut Beach. There are also plenty of tourist spots to explore like Thomas Hooker Brewery & Kitchen or take a drive along scenic coastline roads. Whether you're looking for outdoor activities or tasty bites from local restaurants, Milford has something for everyone!
Milford (zip 06461) has an unemployment rate of 8.0%. The US average is 6.0%.
Milford (zip 06461) has seen the job market decrease by -0.3% 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 06461)
- The Sales Tax Rate for Milford (zip 06461) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Milford (zip 06461) 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 06461)
- The average income of a Milford (zip 06461) resident is $41,571 a year. The US average is $28,555 a year.
- The Median household income of a Milford (zip 06461) resident is $119,574 a year. The US average is $69,021 a year.