Cost of Living in Milford, MI
Population 6,467 · Michigan · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Milford a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $349,000. The labor market has been unusually tight, with unemployment around 2.7% — below most comparable cities in the state.
Geographically, Milford sits roughly 25 miles north of Ann Arbor. Median home values run roughly 20% lower than Ann Arbor's $435,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Milford
The median home value in Milford is $348,600 — 14% above the national median of $305,000. Median rent runs $1,058/month, 19% lower than the national median of $1,314/month. The median household income of $102,521/year is 37% higher than the US median of $74,580. The local unemployment rate is 2.7%, below the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. The climate averages highs of 57.2°F and lows of 39.5°F. Overall, Milford has a cost of living index of 101 versus the US average of 100, meaning it is 1% more expensive.
Milford has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 30 | 33 | 43 | 57 | 69 | 78 | 82 | 80 | 73 | 60 | 46 | 35 |
| Low °F | 17 | 18 | 26 | 36 | 48 | 58 | 62 | 61 | 53 | 42 | 32 | 23 |
| Precip" | 1.63 | 1.07 | 1.92 | 2.66 | 3.68 | 3.19 | 2.78 | 2.91 | 3.08 | 2.60 | 2.05 | 1.59 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Milford, MI?
Milford has a cost index of 101 (100 = national average). It is 1% above the national average.
What is average rent in Milford, MI?
The median gross rent in Milford is $1,058 per month based on 2023 Census data.
What is the average home price in Milford?
The median home value in Milford is $348,600 according to Zillow and Census data.
What is the median income in Milford?
The median household income in Milford is $102,521 per year (2023 ACS 5-year estimates).
What is the sales tax in Milford, MI?
The combined state and local sales tax rate in Milford is 6.0%. The Michigan state income tax top rate is 4.3%.
Is Milford, MI affordable?
Milford is near the national average in terms of cost of living, with an index of 101 (100 = US average).
What is the weather like in Milford?
Milford has average high temperatures of 57.2°F and average lows of 39.5°F. Annual precipitation is 29.2". Data from NOAA 1991–2020 Climate Normals.
Milford at a Glance
- Population
- 6,467
- Median Income
- $102,521
- Home Value
- $348,600
- Median Rent
- $1,058/mo
- Unemployment
- 2.7%
- Avg High Temp
- 57.2°F
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Michigan Rankings
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