Milford, Nebraska (68405), is a small town located in Seward County with a population of 1,454 according to the 2019 census. It offers a relatively low cost of living, with an average two bedroom rent being $850 as compared to the US average of $1,430. Grocery costs are also relatively lower than the US average, with an index of 96 versus 100 in the US. Milford is home to several local businesses such as Milford Machine & Manufacturing Company, HRB Construction Inc., and Schmeeckle's Garage & Towing Company that provides services such as equipment manufacturing, construction work and mechanical repairs. All these features make Milford ideal for those looking for an affordable place to live with access to quality local services.
Milford (zip 68405) has an unemployment rate of 3.1%. The US average is 6.0%.
Milford (zip 68405) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Milford (zip 68405)
- The Sales Tax Rate for Milford (zip 68405) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Milford (zip 68405) is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Milford (zip 68405)
- The average income of a Milford (zip 68405) resident is $24,256 a year. The US average is $28,555 a year.
- The Median household income of a Milford (zip 68405) resident is $71,089 a year. The US average is $69,021 a year.