What is the cost of living in Milford, MI?
According to the most recent data on the cost of living, Milford has an overall cost of living index of 108, which is 1.1x higher than the national index of 100.
Compared to Michigan, Milford has a cost of living index that's 1.2x higher than Michigan's index of 91.
The standard of living in Milford ranks as #158 most affordable out of the 179 places we measured in Michigan. By definition, that implies Milford ranks as the #21 most expensive place in the Wolverine State.
For more reading on life in Milford, check out:
Milford Cost Of Living Vs. Michigan
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 93.
The Groceries index in Milford is 95.
The Health index in Milford is 140.
The Housing index in Milford is 96.
The Transportation index in Milford is 97.
The Utilities index in Milford is 99.
| Living Expense | Milford | Michigan | National Average |
|---|---|---|---|
| Overall | 108 | 91 | 100 |
| Services | 93 | 97 | 100 |
| Groceries | 95 | 98 | 100 |
| Health | 140 | 75 | 100 |
| Housing | 96 | 98 | 100 |
| Transportation | 97 | 101 | 100 |
| Utilities | 99 | 98 | 100 |
Milford Cost Of Living Compared To Michigan Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Michigan, check out:
Protect your home budget Compare home warranties in Milford Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Milford, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, 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 $481,467.
The Median Rent in Milford is $1,173.
The Median Income in Milford is $105,713.
The Home Value To Income in Milford is 4.6x.
The Rent To Monthly Income in Milford is 0.13x.
Milford, MI Costs By Category
Detailed Milford Services costs vs. Michigan
Detailed Milford Groceries costs vs. Michigan
Detailed Milford Health costs vs. Michigan
Detailed Milford Transportation costs vs. Michigan
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:
Livonia, MI has a cost of living index of 101, 0.9x Milford.
Farmington Hills, MI has a cost of living index of 112, 1.0x Milford.
Novi, MI has a cost of living index of 116, 1.1x Milford.
| City | Population | Cost Of Living | Vs. Milford |
|---|---|---|---|
| Livonia, MI | 93,851 | 101 | 0.9x |
| Farmington Hills, MI | 83,515 | 112 | 1.0x |
| Novi, MI | 66,717 | 116 | 1.1x |
| Birmingham, MI | 21,763 | 146 | 1.4x |
| Wixom, MI | 17,295 | 104 | 1.0x |
| South Lyon, MI | 11,950 | 103 | 1.0x |
| Farmington, MI | 11,504 | 105 | 1.0x |
| Beverly Hills, MI | 10,524 | 127 | 1.2x |
| Plymouth, MI | 9,214 | 113 | 1.0x |
| Whitmore Lake, MI | 7,878 | 99 | 0.9x |
