Cost of Living in Milford, MA

Population 27,919 · Massachusetts · Data vintage 2023

136
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

One of the defining characteristics of Milford is a long average commute — 38 minutes one way, compared to a national median of 27. The city's housing pricing is difficult to evaluate without factoring in that daily time cost.

Geographically, Milford sits roughly 15 miles east of Worcester. Median home values run roughly 27% higher than Worcester's $340,000.

Cost Overview

Housing 141
Rent 130

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Milford

The median home value in Milford is $429,800 — 41% above the national median of $305,000. Median rent runs $1,702/month, 30% higher than the national median of $1,314/month. The median household income of $88,992/year is 19% higher than the US median of $74,580. The local unemployment rate is 4.8%, below the national average of 4.8%. Massachusetts's top state income tax rate is 9.0% and the combined sales tax is 6.3%. Overall, Milford has a cost of living index of 136 versus the US average of 100, meaning it is 36% more expensive.

🏠 Housing

Median Home Value
$429,800
41% above avg
Zillow Home Value
$545,706
Zillow ZHVI
Median Rent
$1,702/mo
30% above avg
Zillow Rent
$2,428/mo
Zillow ZORI
Price-to-Rent Ratio
21.0x
Favors renting
Property Tax Rate
1.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,429
1 BR
$1,498
2 BR
$1,963
3 BR
$2,405
4 BR
$2,811
Owner-occupied 65.3%
Renter-occupied 34.7%

💰 Estimated Monthly Budget

Rent median rent
$1,702
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,316/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
38.4 min
42% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
12.6%

Commute Mode

Drove alone
67.2%
Carpooled
7.0%
Public transit
0.9%
Walked
1.6%
Bicycle
0.4%
Work from home
12.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 9.0%
Total Sales Tax 6.3%
State rate 6.3%
Avg local rate 0.0%
Property Tax 1.2%

💼 Income & Employment

Median Household Income
$88,992
19% above avg
Per Capita Income
$43,116
Unemployment Rate
4.8%
1% below avg
Poverty Rate
9.0%
Labor Force Participation
71.5%

🎓 Education

Bachelor's degree+ 19.8%
Graduate degree 11.8%

👥 Demographics

Median Age 38.6
Male median age 35.9
Female median age 42

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 39 — Good
73.4%
Good air days/yr
148
Max AQI recorded
170
PM2.5 days
190
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

86%
4-Year Graduation Rate
13.1:1
Student-teacher ratio
6
Public schools
4,407
Total enrollment

Frequently Asked Questions

What is the cost of living in Milford, MA?

Milford has a cost index of 136 (100 = national average). It is 36% above the national average.

What is average rent in Milford, MA?

The median gross rent in Milford is $1,702 per month based on 2023 Census data.

What is the average home price in Milford?

The median home value in Milford is $429,800 according to Zillow and Census data.

What is the median income in Milford?

The median household income in Milford is $88,992 per year (2023 ACS 5-year estimates).

What is the sales tax in Milford, MA?

The combined state and local sales tax rate in Milford is 6.3%. The Massachusetts state income tax top rate is 9.0%.

Is Milford, MA affordable?

Milford is above average in cost of living, with an index of 136 — about 36% higher than the national average.

Milford at a Glance

Population
27,919
Median Income
$88,992
Home Value
$429,800
Median Rent
$1,702/mo
Unemployment
4.8%
Sales Tax
6.3%
View all cities in Massachusetts →
🗺️ County data for Massachusetts

Explore county-level cost of living data

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