Zip 84751 (Milford, UT) Economy


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United States / Utah / No Metro Area / Beaver County / Milford / Milford (zip 84751)
Milford, UT (84751) is an ideal place to live for those seeking affordability without compromising on quality of life. The average two bedroom rent in Milford is $820, compared to the national average of $1,430; this represents a considerable savings for renters in this area. Moreover, the Grocery Cost Index in Milford is 90 versus 100 in the US. This shows that grocery costs are much lower than other cities across America.
There are many local companies that can help with rental costs such as High Desert Realty & Property Management, Ashton Real Estate Group, and National Realty Group. These companies provide a variety of solutions for tenants including flexible lease agreements and free property management services. Additionally, they can assist in finding low-cost housing options that fit within one's budget.
Overall, Milford offers a high quality of life at an affordable price point. With its low rent prices and grocery cost index are significantly lower than the national average, it's an appealing option for those looking for a comfortable lifestyle without breaking the bank.

Milford (zip 84751) has an unemployment rate of 3.1%. The US average is 6.0%.

Milford (zip 84751) 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 (zip 84751)
- The Sales Tax Rate for Milford (zip 84751) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Milford (zip 84751) 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 (zip 84751)
- The average income of a Milford (zip 84751) resident is $21,146 a year. The US average is $28,555 a year.
- The Median household income of a Milford (zip 84751) resident is $76,964 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMilford, UtahUnited States
  3.16
  -2.7%-6.2%
  19.3%33.5%
  6.2%6.2%
  5.0%4.6%
  $22,196$37,638
  $76,964$69,021
  $83,958$85,028
  Population by Occupation
  38.2%1.2%
  1.1%0.5%
  8.9%6.8%
  7.5%10.0%
  1.3%2.5%
  0.2%11.0%
  8.3%4.8%
  1.7%0.8%
  0.3%1.9%
  0.0%4.7%
  0.0%1.9%
  1.5%7.6%
  0.0%0.1%
  0.0%4.2%
  16.9%9.3%
  7.4%14.0%
  1.7%2.1%
  1.6%7.0%
  1.4%4.8%
  2.3%4.7%
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