Milford, NH Cost Of Living

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

Cost Of Living In Milford, NH Summary

Cost of living in Milford 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 is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in New Hampshire, 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 is 110, with 100 being the average.

  • The cost of living index in Milford is 1.1x higher than the national average.

  • Milford ranks as the #12 cheapest in New Hampshire out of 25.

  • Milford ranks as the #4,128 cheapest out of 6,412 in the US.

  • The median home value in Milford is $256,000.

  • The median income in Milford is $71,610.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
110
Milford's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Milford, NH?

According to the most recent data on the cost of living, Milford has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.

Compared to New Hampshire, Milford has a cost of living index that's 1.0x lower than New Hampshire's index of 114.

The standard of living in Milford ranks as #12 most affordable out of the 25 places we measured in New Hampshire. By definition, that implies Milford ranks as the #13 most expensive place in the Granite State.

For more reading on life in Milford, check out:

12 out of 25
In New Hampshire
4,128 out of 6,412
In America

Milford Cost Of Living Vs. New Hampshire

Six factors go into calculating the cost of living index in Milford. Here is how it fairs on each of the criteria:

  • The Services index in Milford is 111.

  • The Groceries index in Milford is 97.

  • The Health index in Milford is 115.

  • The Housing index in Milford is 117.

  • The Transportation index in Milford is 93.

  • The Utilities index in Milford is 113.

Living Expense Milford New Hampshire National Average
Overall 110 114 100
Services 111 123 100
Groceries 97 102 100
Health 115 124 100
Housing 117 108 100
Transportation 93 110 100
Utilities 113 122 100
For more reading on cost of living around New Hampshire, check out:
Milford Cost of Living Vs. NH

Milford, NH Housing Cost Breakdown

Housing swings affordability the most between places in New Hampshire, 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 is $256,000.

  • The Median Rent in Milford is $1,269.

  • The Median Income in Milford is $71,610.

  • The Home Value To Income in Milford is 3.6x.

  • The Rent To Monthly Income in Milford is 0.21x.

Statistic Milford New Hampshire United States
Median Home Value $256,000 $288,700 $244,900
Median Rent $1,269 $1,212 $1,163
Median Income $71,610 $83,449 $69,021
Home Value To Income 3.6x 3.5x 3.5x
Rent To Monthly Income 0.21x 0.17x 0.2x
Search Homes For Sale In Milford, NH
$256,000
Median Home Value
$1,269
Median Rent
$71,610
Median Income

Milford, NH Costs By Category

Detailed Milford Services Costs Vs. New Hampshire

Item Milford New Hampshire
Shampoo $0.98 $1.06
Movie $8.77 $10.68
Bowling $19.0 $14.67
Haircut $25.03 $18.62
Beauty Salon $41.18 $39.05

Detailed Milford Groceries Costs Vs. New Hampshire

Item Milford New Hampshire
Ground Beef $3.49 $4.22
Fried Chicken $1.19 $1.39
Milk $2.79 $2.05
Potatoes $3.41 $3.29
Pizza $11.09 $10.62
Beer $8.99 $9.38
Toothpaste $2.64 $2.34

Detailed Milford Health Costs Vs. New Hampshire

Item Milford New Hampshire
Optometrist $101.89 $108.57
Doctor $152.49 $116.17
Dentist $121.64 $99.13

Detailed Milford Transportation Costs Vs. New Hampshire

Item Milford New Hampshire
Gasoline $2.0 $2.22
Tire Balancing $51.84 $50.07

Detailed Milford Utilities Costs Vs. New Hampshire

Item Milford New Hampshire
All Electricity $205.73 $167.67
Phone $179.98 $175.64

Milford SnackAbility

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

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:

  • Manchester, NH has a cost of living index of 108, 1.0x Milford.

  • Nashua, NH has a cost of living index of 113, 1.0x Milford.

  • Fitchburg, MA has a cost of living index of 109, 1.0x Milford.

City Population Cost Of Living Vs. Milford
Manchester, NH 114,730 108 1.0x
Nashua, NH 90,659 113 1.0x
Fitchburg, MA 41,796 109 1.0x
Londonderry, NH 11,955 120 1.1x
Hudson, NH 6,756 111 1.0x
South Hooksett, NH 5,906 111 1.0x

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