Milford, OH Cost Of Living
Cost Of Living In Milford, OH 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 Ohio, 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 93, with 100 being the average.
The cost of living index in Milford is 0.9x lower than the national average.
Milford ranks as the #176 cheapest in Ohio out of 286.
Milford ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Milford is $173,500.
The median income in Milford is $67,188.
Table Of Contents
Milford's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Milford, OH?
According to the most recent data on the cost of living, Milford has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Ohio, Milford has a cost of living index that's 1.0x higher than Ohio's index of 91.
The standard of living in Milford ranks as #176 most affordable out of the 286 places we measured in Ohio. By definition, that implies Milford ranks as the #110 most expensive place in the Buckeye State.
For more reading on life in Milford, check out:
- Living In Milford
- Milford Crime Report
- Search Homes For Sale In Milford, OH
In Ohio
In America
Milford Cost Of Living Vs. Ohio
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 102.
The Groceries index in Milford is 93.
The Health index in Milford is 101.
The Housing index in Milford is 78.
The Transportation index in Milford is 109.
The Utilities index in Milford is 88.
| Living Expense | Milford | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 93 | 91 | 100 | |
| Services | 102 | 98 | 100 | |
| Groceries | 93 | 101 | 100 | |
| Health | 101 | 95 | 100 | |
| Housing | 78 | 73 | 100 | |
| Transportation | 109 | 98 | 100 | |
| Utilities | 88 | 93 | 100 | |
Milford, OH Housing Cost Breakdown
Housing swings affordability the most between places in Ohio, 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 $173,500.
The Median Rent in Milford is $782.
The Median Income in Milford is $67,188.
The Home Value To Income in Milford is 2.6x.
The Rent To Monthly Income in Milford is 0.14x.
| Statistic | Milford | Ohio | United States |
|---|---|---|---|
| Median Home Value | $173,500 | $159,900 | $244,900 |
| Median Rent | $782 | $870 | $1,163 |
| Median Income | $67,188 | $61,938 | $69,021 |
| Home Value To Income | 2.6x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Milford, OH Costs By Category
Detailed Milford Services Costs Vs. Ohio
Detailed Milford Groceries Costs Vs. Ohio
Detailed Milford Health Costs Vs. Ohio
Detailed Milford Transportation Costs Vs. Ohio
Detailed Milford Utilities Costs Vs. Ohio
Milford SnackAbility
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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:
Mason, OH has a cost of living index of 104, 1.1x Milford.
Monfort Heights, OH has a cost of living index of 98, 1.1x Milford.
Montgomery, OH has a cost of living index of 115, 1.2x Milford.
| City | Population | Cost Of Living | Vs. Milford |
|---|---|---|---|
| Mason, OH | 34,337 | 104 | 1.1x |
| Monfort Heights, OH | 13,221 | 98 | 1.1x |
| Montgomery, OH | 10,796 | 115 | 1.2x |
| Forestville, OH | 10,485 | 99 | 1.1x |
| Madeira, OH | 9,397 | 110 | 1.2x |
| Wyoming, OH | 8,691 | 112 | 1.2x |
| Kenwood, OH | 8,143 | 114 | 1.2x |
| Dry Run, OH | 7,457 | 120 | 1.3x |
| Covedale, OH | 6,646 | 97 | 1.0x |
