Milford Mill, MD Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

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 106, 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 #19 cheapest in Maryland out of 188.

  • Milford Mill ranks as the #3,772 cheapest out of 6,412 in the US.

  • The median home value in Milford Mill is $230,300.

  • The median income in Milford Mill is $66,388.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
106
Milford Mill's Overall Cost Of Living
1.1x
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 106, 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 120.

The standard of living in Milford Mill ranks as #19 most affordable out of the 188 places we measured in Maryland. By definition, that implies Milford Mill ranks as the #169 most expensive place in the Old Line State.

For more reading on life in Milford Mill, check out:

19 out of 188
In Maryland
3,772 out of 6,412
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 106.

  • The Groceries index in Milford Mill is 113.

  • The Health index in Milford Mill is 85.

  • The Housing index in Milford Mill is 114.

  • The Transportation index in Milford Mill is 100.

  • The Utilities index in Milford Mill is 106.

Living Expense Milford Mill Maryland National Average
Overall 106 120 100
Services 106 109 100
Groceries 113 108 100
Health 85 92 100
Housing 114 156 100
Transportation 100 100 100
Utilities 106 108 100
For more reading on cost of living around Maryland, check out:
Milford Mill Cost of Living Vs. MD

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 2017-2021. The key points are:

  • The Median Home Value in Milford Mill is $230,300.

  • The Median Rent in Milford Mill is $1,431.

  • The Median Income in Milford Mill is $66,388.

  • The Home Value To Income in Milford Mill is 3.5x.

  • The Rent To Monthly Income in Milford Mill is 0.26x.

Statistic Milford Mill Maryland United States
Median Home Value $230,300 $338,500 $244,900
Median Rent $1,431 $1,485 $1,163
Median Income $66,388 $91,431 $69,021
Home Value To Income 3.5x 3.7x 3.5x
Rent To Monthly Income 0.26x 0.19x 0.2x
Search Homes For Sale In Milford Mill, MD
$230,300
Median Home Value
$1,431
Median Rent
$66,388
Median Income

Milford Mill, MD Costs By Category

Detailed Milford Mill Services Costs Vs. Maryland

Item Milford Mill Maryland
Shampoo $1.0 $1.06
Movie $13.19 $10.68
Bowling $17.08 $14.67
Haircut $22.28 $18.62
Beauty Salon $52.83 $39.05

Detailed Milford Mill Groceries Costs Vs. Maryland

Item Milford Mill Maryland
Ground Beef $4.27 $4.22
Fried Chicken $1.66 $1.39
Milk $2.39 $2.05
Potatoes $4.1 $3.29
Pizza $11.99 $10.62
Beer $9.19 $9.38
Toothpaste $4.47 $2.34

Detailed Milford Mill Health Costs Vs. Maryland

Item Milford Mill Maryland
Optometrist $82.95 $108.57
Doctor $93.69 $116.17
Dentist $84.98 $99.13

Detailed Milford Mill Transportation Costs Vs. Maryland

Item Milford Mill Maryland
Gasoline $2.15 $2.22
Tire Balancing $54.77 $50.07

Detailed Milford Mill Utilities Costs Vs. Maryland

Item Milford Mill Maryland
All Electricity $176.72 $167.67
Phone $192.13 $175.64

Milford Mill SnackAbility

6
/10
Overall SnackAbility
Jobs
7/10
Housing
8.5
Affordability
5
Diversity
7
Safety
N/A
Amenities
9.5
Education
8
Commute
5

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 129, 1.2x Milford Mill.

  • Catonsville, MD has a cost of living index of 122, 1.2x Milford Mill.

  • Randallstown, MD has a cost of living index of 109, 1.0x Milford Mill.

City Population Cost Of Living Vs. Milford Mill
Columbia, MD 105,086 129 1.2x
Catonsville, MD 42,789 122 1.2x
Randallstown, MD 35,641 109 1.0x
Owings Mills, MD 35,170 115 1.1x
Pikesville, MD 33,549 123 1.2x
Eldersburg, MD 30,418 126 1.2x
Reisterstown, MD 27,917 112 1.1x
Ilchester, MD 27,513 133 1.3x
Lochearn, MD 26,995 106 1.0x
North Laurel, MD 24,233 129 1.2x

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