According to the most recent data on the cost of living, Milford Mill has an overall cost of living index of 106 which is 1.1x higher than the national index of 100.
Compared to only Maryland, Milford Mill has a cost of living index that's 0.9x lower than Maryland's index of 120.
The standard of living in Milford Mill ranks as #3,773 most affordable out of the 6,418 places we measured in Maryland. By definition, that implies Milford Mill ranks as the #2,646 most expensive place in the Old Line State.
Living Expense | Milford Mill | Maryland | National Average | |
---|---|---|---|---|
Overall | 106 | 120 | 100 | |
Services | 106 | 111 | 100 | |
Groceries | 113 | 114 | 100 | |
Health | 85 | 84 | 100 | |
Housing | 114 | 151 | 100 | |
Transportation | 100 | 109 | 100 | |
Utilities | 106 | 108 | 100 |
Housing swings affordability the most between places in Maryland, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Statistic | Milford Mill | Maryland | United States |
---|---|---|---|
Median Home Value | $220,500 | $325,400 | $229,800 |
Median Rent | $1,378 | $1,415 | $1,096 |
Median Income | $65,229 | $87,063 | $64,994 |
Home Value To Income | 3.4x | 3.7x | 3.5x |
Rent To Monthly Income | 0.25x | 0.2x | 0.2x |
Item | Milford Mill | Maryland |
---|---|---|
Shampoo | $1.0 | $1.06 |
Movie | $13.19 | $10.68 |
Bowling | $17.08 | $14.67 |
Item | Milford Mill | Maryland |
---|---|---|
Ground Beef | $4.27 | $4.22 |
Fried Chicken | $1.66 | $1.39 |
Milk | $2.39 | $2.05 |
Item | Milford Mill | Maryland |
---|---|---|
Haircut | $22.28 | $18.62 |
Beauty Salon | $52.83 | $39.05 |
Toothpaste | $4.47 | $2.34 |
Item | Milford Mill | Maryland |
---|---|---|
Potatoes | $4.1 | $3.29 |
Pizza | $11.99 | $10.62 |
Beer | $9.19 | $9.38 |
Optometrist | $82.95 | $108.57 |
Doctor | $93.69 | $116.17 |
Dentist | $84.98 | $99.13 |
Item | Milford Mill | Maryland |
---|---|---|
Gasoline | $2.15 | $2.22 |
Tire Balancing | $54.77 | $50.07 |
All Electricity | $176.72 | $167.67 |
Phone | $192.13 | $175.64 |
City | Population | Cost Of Living | Vs. Milford Mill | Columbia, MD | 105,412 | 129 | 1.2x | Catonsville, MD | 41,592 | 122 | 1.2x | Randallstown, MD | 35,661 | 109 | 1.0x | Owings Mills, MD | 34,711 | 115 | 1.1x | Pikesville, MD | 32,871 | 123 | 1.2x | Eldersburg, MD | 30,550 | 126 | 1.2x | Reisterstown, MD | 27,804 | 112 | 1.1x | Ilchester, MD | 26,873 | 133 | 1.3x | Lochearn, MD | 25,612 | 106 | 1.0x | North Laurel, MD | 24,856 | 129 | 1.2x |
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