What is the cost of living in Milford, MA?
According to the most recent data on the cost of living, Milford has an overall cost of living index of 126, which is 1.3x higher than the national index of 100.
Compared to Massachusetts, Milford has a cost of living index that's 1.0x lower than Massachusetts's index of 130.
The standard of living in Milford ranks as #28 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Milford ranks as the #85 most expensive place in the Bay State.
For more reading on life in Milford, check out:
Milford Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Milford. Here is how it fares on each of the criteria:
The Services index in Milford is 107.
The Groceries index in Milford is 117.
The Health index in Milford is 165.
The Housing index in Milford is 113.
The Transportation index in Milford is 117.
The Utilities index in Milford is 111.
| Living Expense | Milford | Massachusetts | National Average |
|---|---|---|---|
| Overall | 126 | 130 | 100 |
| Services | 107 | 110 | 100 |
| Groceries | 117 | 115 | 100 |
| Health | 165 | 168 | 100 |
| Housing | 113 | 117 | 100 |
| Transportation | 117 | 115 | 100 |
| Utilities | 111 | 114 | 100 |
Milford Cost Of Living Compared To Massachusetts Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Massachusetts, check out:
- Most Expensive Cities In Massachusetts
- Most Affordable Cities In Massachusetts
- Average Rent In Massachusetts
Source: Cost-of-living index 2026, normalized to US average = 100
Milford, MA Housing Cost Breakdown
Housing swings affordability the most between places in Massachusetts, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Milford is $557,089.
The Median Rent in Milford is $1,889.
The Median Income in Milford is $93,310.
The Home Value To Income in Milford is 6.0x.
The Rent To Monthly Income in Milford is 0.24x.
| Statistic | Milford | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $557,089 | $656,690 | $332,700 |
| Median Rent | $1,889 | $1,762 | $1,413 |
| Median Income | $93,310 | $103,960 | $80,734 |
| Home Value To Income | 6.0x | 6.3x | 4.1x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.21x |
Milford, MA Costs By Category
Detailed Milford Services costs vs. Massachusetts
| Item | Milford | Massachusetts |
|---|---|---|
| Shampoo | $1.43 | $1.28 |
| Movie | $14.37 | $12.13 |
| Bowling | $22.72 | $18 |
| Haircut | $31.5 | $24.26 |
| Beauty Salon | $49.92 | $45.56 |
Detailed Milford Groceries costs vs. Massachusetts
| Item | Milford | Massachusetts |
|---|---|---|
| Ground Beef | $5.85 | $5.84 |
| Fried Chicken | $1.43 | $1.57 |
| Milk | $4.74 | $4.67 |
| Potatoes | $5.0 | $4.93 |
| Pizza | $11.59 | $12.09 |
| Beer | $10.74 | $10.41 |
| Toothpaste | $3.46 | $3.7 |
Detailed Milford Health costs vs. Massachusetts
| Item | Milford | Massachusetts |
|---|---|---|
| Optometrist | $104.45 | $125.68 |
| Doctor | $169.83 | $135.78 |
| Dentist | $130.28 | $113.29 |
Detailed Milford Transportation costs vs. Massachusetts
| Item | Milford | Massachusetts |
|---|---|---|
| Gasoline | $3.38 | $3.46 |
| Tire Balancing | $48.2 | $59.92 |
Detailed Milford Utilities costs vs. Massachusetts
| Item | Milford | Massachusetts |
|---|---|---|
| All Electricity | $230.62 | $193.99 |
| Phone | $195.18 | $192.25 |
Milford SnackAbility
Cost Of Living In Cities Around Milford
The cost of living varies in the cities and towns around Milford. Here's a quick look at the cost of living in the most populous nearby places:
Woonsocket, RI has a cost of living index of 106, 0.8x Milford.
Needham, MA has a cost of living index of 203, 1.6x Milford.
Norwood, MA has a cost of living index of 150, 1.2x Milford.
| City | Population | Cost Of Living | Vs. Milford |
|---|---|---|---|
| Woonsocket, RI | 43,521 | 106 | 0.8x |
| Needham, MA | 32,459 | 203 | 1.6x |
| Norwood, MA | 31,542 | 150 | 1.2x |
| Wellesley, MA | 30,347 | 239 | 1.9x |
| Dedham, MA | 25,237 | 154 | 1.2x |
| Whitinsville, MA | 7,115 | 122 | 1.0x |
| Medfield, MA | 6,849 | 168 | 1.3x |
| Cochituate, MA | 6,471 | 192 | 1.5x |
| Walpole, MA | 6,461 | 143 | 1.1x |
| Northborough, MA | 6,392 | 140 | 1.1x |
