Cost of Living in Milford, NH
Population 16,258 · New Hampshire · Data vintage 2023
(100 = US avg)
Milford is a smaller New Hampshire community of around 16000 residents, where median household incomes of $94,514 and housing costs ($364,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 1.9% — below most comparable cities in the state.
Geographically, Milford sits roughly 15 miles southwest of Manchester. Median home values run roughly 8% higher than Manchester's $336,000.
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 $363,500 — 19% above the national median of $305,000. Median rent runs $1,569/month, 19% higher than the national median of $1,314/month. The median household income of $94,514/year is 27% higher than the US median of $74,580. The local unemployment rate is 1.9%, below the national average of 4.8%. New Hampshire charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 59.8°F and lows of 40.4°F. Overall, Milford has a cost of living index of 119 versus the US average of 100, meaning it is 19% more expensive.
🏠 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 | 34 | 37 | 46 | 59 | 70 | 79 | 84 | 82 | 75 | 62 | 50 | 39 |
| Low °F | 17 | 19 | 27 | 38 | 48 | 58 | 64 | 62 | 54 | 42 | 33 | 24 |
| Precip" | 2.44 | 2.73 | 3.45 | 3.33 | 3.38 | 4.04 | 3.30 | 3.35 | 3.72 | 3.88 | 3.48 | 3.29 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Milford, NH?
Milford has a cost index of 119 (100 = national average). It is 19% above the national average.
What is average rent in Milford, NH?
The median gross rent in Milford is $1,569 per month based on 2023 Census data.
What is the average home price in Milford?
The median home value in Milford is $363,500 according to 2023 Census ACS data.
What is the median income in Milford?
The median household income in Milford is $94,514 per year (2023 ACS 5-year estimates).
What is the sales tax in Milford, NH?
The combined state and local sales tax rate in Milford is 0.0%. New Hampshire has no state income tax.
Is Milford, NH affordable?
Milford is above average in cost of living, with an index of 119 — about 19% higher than the national average.
What is the weather like in Milford?
Milford has average high temperatures of 59.8°F and average lows of 40.4°F. Annual precipitation is 40.4". Data from NOAA 1991–2020 Climate Normals.
Milford at a Glance
- Population
- 16,258
- Median Income
- $94,514
- Home Value
- $363,500
- Median Rent
- $1,569/mo
- Unemployment
- 1.9%
- Avg High Temp
- 59.8°F
- Sales Tax
- 0.0%
Nearby Cities
Explore county-level cost of living data
New Hampshire Rankings
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