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Milford, IA Cost of Living

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.
IndexMilfordIowaNational
Cost of living index8690100
IndexMilfordIowaNational
Goods & Services index9696100
Groceries index9698100
Health care index107100100
Housing index6873100
Transportation index91101100
Utilities index8598100
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Did you know?

  • The cost of living in Milford is 4% lower than the Iowa average.
  • The cost of living in Milford is 14% lower than the national average.
  • The cost of housing in Milford is 32% lower than the national average.
  • Iowa general sales tax is 18% higher than the national average.
  • Iowa state income tax is 84% lower than the national average.

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Compare Milford, IA Cost of living To Other Cities

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$60,161$5,013$1,404$1,805
Renters$27,574$2,298$643$827

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax
Iowa6%7%

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
Iowa0.36%8.98%

Goods & Services

ItemMilfordNational avg.Difference
Haircut $16.15$17.497.7%
Beauty Salon $30.20$38.1720.9%
Toothpaste $2.13$2.328.2%
Shampoo $1.13$1.0111.7%
Movie $9.75$10.729.1%
Bowling $15.19$13.869.6%

Groceries

ItemMilfordNational avg.Difference
Ground Beef $3.19$3.9018.2%
Fried Chicken $1.91$1.4036.8%
Milk $2.13$1.968.6%
Potatoes $2.49$3.1821.8%
Pizza $10.49$10.390.9%
Beer $8.79$9.234.8%

Health Care

ItemMilfordNational avg.Difference
Optometrist $124.00$106.3416.6%
Doctor $142.50$115.2523.6%
Dentist $100.00$98.381.6%
Ibuprofen $9.59$9.263.6%
Lipitor $447.40$466.474.1%

Housing

ItemMilfordNational avg.Difference
Home Price $132,500.00$184,700.0028.3%
Avg. Mortgage Payment $1,183.43$1,273.327.1%
Apartment Rent $549.00$949.0042.1%

Transportation

ItemMilfordNational avg.Difference
Gasoline $2.58$2.590.5%
Tire Balancing $38.40$48.9021.5%

Utilities

ItemMilfordNational avg.Difference
All Electricity$124.73$167.6025.6%
Phone $178.51$163.429.2%
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.
Dickens, IA20480-20%
Harris, IA14776-24%
Terril, IA37981-19%
Ruthven, IA73082-18%
Superior, IA16884-16%
Milford, IA2,99186-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Yountville, CA2,99117474%
Churchill, PA2,9901011%
Arcadia, WI2,99092-8%
Fort Branch, IN2,98988-12%
Tipton, CA2,9931022%
Milford, IA2,99186-14%
Source: The Milford, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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