Milford Mill, MD Cost Of Living
Cost Of Living In Milford Mill, MD Summary
Cost of living in Milford Mill research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Milford Mill is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Maryland, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Milford Mill is 110, with 100 being the average.
The cost of living index in Milford Mill is 1.1x higher than the national average.
Milford Mill ranks as the #28 cheapest in Maryland out of 194.
Milford Mill ranks as the #3,657 cheapest out of 6,489 in the US.
The median home value in Milford Mill is $290,211.
The median income in Milford Mill is $76,676.
Table Of Contents
Milford Mill's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Milford Mill, MD?
According to the most recent data on the cost of living, Milford Mill has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Maryland, Milford Mill has a cost of living index that's 0.9x lower than Maryland's index of 121.
The standard of living in Milford Mill ranks as #28 most affordable out of the 194 places we measured in Maryland. By definition, that implies Milford Mill ranks as the #166 most expensive place in the Old Line State.
For more reading on life in Milford Mill, check out:
In Maryland
In America
Milford Mill Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Milford Mill. Here is how it fairs on each of the criteria:
The Services index in Milford Mill is 104.
The Groceries index in Milford Mill is 103.
The Health index in Milford Mill is 99.
The Housing index in Milford Mill is 127.
The Transportation index in Milford Mill is 100.
The Utilities index in Milford Mill is 110.
| Living Expense | Milford Mill | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 110 | 121 | 100 | |
| Services | 104 | 105 | 100 | |
| Groceries | 103 | 107 | 100 | |
| Health | 99 | 96 | 100 | |
| Housing | 127 | 150 | 100 | |
| Transportation | 100 | 99 | 100 | |
| Utilities | 110 | 113 | 100 | |
Milford Mill, MD Housing Cost Breakdown
Housing swings affordability the most between places in Maryland, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Milford Mill is $290,211.
The Median Rent in Milford Mill is $1,576.
The Median Income in Milford Mill is $76,676.
The Home Value To Income in Milford Mill is 3.8x.
The Rent To Monthly Income in Milford Mill is 0.25x.
| Statistic | Milford Mill | Maryland | United States |
|---|---|---|---|
| Median Home Value | $290,211 | $427,628 | $303,400 |
| Median Rent | $1,576 | $1,662 | $1,348 |
| Median Income | $76,676 | $101,652 | $78,538 |
| Home Value To Income | 3.8x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.25x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Milford Mill, MD Costs By Category
Detailed Milford Mill Services Costs Vs. Maryland
| Item | Milford Mill | Maryland |
|---|---|---|
| Shampoo | $1.44 | $1.28 |
| Movie | $13.69 | $12.13 |
| Bowling | $23.03 | $18 |
| Haircut | $28.33 | $24.26 |
| Beauty Salon | $58.17 | $45.56 |
Detailed Milford Mill Groceries Costs Vs. Maryland
| Item | Milford Mill | Maryland |
|---|---|---|
| Ground Beef | $6.23 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $5.46 | $4.93 |
| Pizza | $13.24 | $12.09 |
| Beer | $10.36 | $10.41 |
| Toothpaste | $3.69 | $3.7 |
Detailed Milford Mill Health Costs Vs. Maryland
| Item | Milford Mill | Maryland |
|---|---|---|
| Optometrist | $114.22 | $125.68 |
| Doctor | $133.22 | $135.78 |
| Dentist | $117.22 | $113.29 |
Detailed Milford Mill Transportation Costs Vs. Maryland
| Item | Milford Mill | Maryland |
|---|---|---|
| Gasoline | $3.46 | $3.46 |
| Tire Balancing | $62.66 | $59.92 |
Detailed Milford Mill Utilities Costs Vs. Maryland
| Item | Milford Mill | Maryland |
|---|---|---|
| All Electricity | $223.91 | $193.99 |
| Phone | $199.62 | $192.25 |
Milford Mill SnackAbility
/10
Cost Of Living In Cities Around Milford Mill
The cost of living varies in the cities and towns around Milford Mill. Here's a quick look at the cost of living in the most populous nearby places:
Columbia, MD has a cost of living index of 131, 1.2x Milford Mill.
Catonsville, MD has a cost of living index of 123, 1.1x Milford Mill.
Randallstown, MD has a cost of living index of 114, 1.0x Milford Mill.
| City | Population | Cost Of Living | Vs. Milford Mill |
|---|---|---|---|
| Columbia, MD | 105,871 | 131 | 1.2x |
| Catonsville, MD | 42,717 | 123 | 1.1x |
| Randallstown, MD | 35,975 | 114 | 1.0x |
| Owings Mills, MD | 35,626 | 119 | 1.1x |
| Pikesville, MD | 34,253 | 125 | 1.1x |
| Eldersburg, MD | 30,626 | 127 | 1.2x |
| Reisterstown, MD | 27,764 | 115 | 1.0x |
| Lochearn, MD | 27,591 | 108 | 1.0x |
| Ilchester, MD | 27,552 | 136 | 1.2x |
| Elkridge, MD | 26,183 | 131 | 1.2x |
