Cost of Living in Milford, OH
Population 6,525 · Ohio · Data vintage 2023
(100 = US avg)
Milford offers a notably favorable income-to-housing ratio for its region. The typical home — $228,000 — costs less than 3.1 times median household income of $72,907, a threshold many coastal markets passed a decade ago.
Geographically, Milford sits roughly 12 miles east of Cincinnati. Housing prices track closely with Cincinnati's $215,000 median.
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 $228,200 — 25% below the national median of $305,000. Median rent runs $865/month, 34% lower than the national median of $1,314/month. The median household income of $72,907/year is 2% lower than the US median of $74,580. The local unemployment rate is 4.4%, below the national average of 4.8%. Ohio's top state income tax rate is 3.8% and the combined sales tax is 7.2%. The climate averages highs of 65.4°F and lows of 44.2°F. Overall, Milford has a cost of living index of 71 versus the US average of 100, meaning it is 29% less 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 | 41 | 45 | 55 | 67 | 75 | 83 | 87 | 86 | 80 | 68 | 55 | 45 |
| Low °F | 24 | 26 | 33 | 43 | 53 | 61 | 65 | 64 | 56 | 44 | 34 | 28 |
| Precip" | 2.86 | 2.79 | 3.94 | 4.37 | 4.70 | 4.61 | 4.39 | 3.39 | 3.07 | 3.05 | 2.91 | 3.32 |
💨 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, OH?
Milford has a cost index of 71 (100 = national average). It is 29% below the national average.
What is average rent in Milford, OH?
The median gross rent in Milford is $865 per month based on 2023 Census data.
What is the average home price in Milford?
The median home value in Milford is $228,200 according to Zillow and Census data.
What is the median income in Milford?
The median household income in Milford is $72,907 per year (2023 ACS 5-year estimates).
What is the sales tax in Milford, OH?
The combined state and local sales tax rate in Milford is 7.2%. The Ohio state income tax top rate is 3.8%.
Is Milford, OH affordable?
Yes, Milford is generally considered affordable, with a cost of living index of 71 — about 29% below the US national average of 100.
What is the weather like in Milford?
Milford has average high temperatures of 65.4°F and average lows of 44.2°F. Annual precipitation is 43.4". Data from NOAA 1991–2020 Climate Normals.
Milford at a Glance
- Population
- 6,525
- Median Income
- $72,907
- Home Value
- $228,200
- Median Rent
- $865/mo
- Unemployment
- 4.4%
- Avg High Temp
- 65.4°F
- Sales Tax
- 7.2%
Nearby Cities
Explore county-level cost of living data
Ohio Rankings
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