Milford cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexMilfordIndianaNational
Cost of living index8787100
IndexMilfordIndianaNational
Goods & Services index9994100
Groceries index9994100
Health care index10695100
Housing index6073100
Transportation index9992100
Utilities index8990100

Did you know?

  • The cost of living in Milford is 1% lower than the Indiana average.
  • The cost of living in Milford is 13% lower than the national average.
  • The cost of housing in Milford is 40% lower than the national average.
  • Indiana general sales tax is 37% higher than the national average.
  • Indiana state income tax is 48% higher than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$53,125$4,427$1,240$1,594
Renters$20,455$1,705$477$614

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%

Goods & Services

ItemMilfordNational avg.Difference
Haircut $12.72$15.5618.3%
Beauty Salon $32.78$36.119.2%
Toothpaste $2.93$2.4718.5%
Shampoo $0.91$0.965.7%
Movie $8.04$10.1320.6%
Bowling $3.13$4.7434.0%

Groceries

ItemMilfordNational avg.Difference
Ground Beef $3.74$3.986.1%
Fried Chicken $1.29$1.418.3%
Milk $1.74$2.0615.8%
Potatoes $2.87$2.983.8%
Pizza $9.28$9.472.0%
Beer $8.71$8.791.0%

Health Care

ItemMilfordNational avg.Difference
Optometrist $95.67$101.045.3%
Doctor $105.83$107.441.5%
Dentist $108.39$90.4219.9%
Ibuprofen $8.39$9.289.6%
Lipitor $425.07$426.500.3%

Housing

ItemMilfordNational avg.Difference
Home Price $102,800.00$175,700.0041.5%
Avg. Mortgage Payment $942.56$1,133.2316.8%
Apartment Rent $580.00$920.0037.0%

Transportation

ItemMilfordNational avg.Difference
Gasoline $2.00$1.990.4%
Tire Balancing $43.54$45.764.8%

Utilities

ItemMilfordNational avg.Difference
All Electricity$144.39$163.8111.9%
Phone $25.95$28.398.6%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Etna Green, IN67983-17%
Cromwell, IN49684-16%
Ligonier, IN4,34484-16%
Millersburg, IN1,02285-15%
Bourbon, IN1,68782-18%
Milford, IN1,61587-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Perry, OH1,61599-1%
Stateburg, SC1,6151077%
Moody, TX1,61480-20%
Choteau, MT1,61687-13%
Gallitzin, PA1,61680-20%
Milford, IN1,61587-13%
Source: The Milford, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.