Cost of Living in Milford, IA

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A+
10%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
24%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Milford Iowa National
Cost of living9089100
Groceries9897100
Health care9596100
Housing7674100
Transportation9397100
Utilities10495100
Lifestyle & Entertainment9395100
Household Items9597100
Education & Childcare9894100
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Homes For Sale In Milford, IA

property for sale

3205 Chaplin Dr

Milford, IA
property for sale

1506 15th St

Milford, IA
property for sale

2173 230th Ave

Milford, IA
property for sale

2720 Breezy Heights Dr

Milford, IA
See the Newest Homes For Sale In Milford, IA

Cost Of Living Quick Facts

  • The cost of living in Milford is 1% higher than the Iowa average
  • The cost of living in Milford is 10% lower than the national average
  • Milford housing is 24% lower than the national average
  • Iowa general sales tax is 18% higher than the national average
  • Iowa state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around Milford

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Compare Milford, IA Cost of Living

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      Transportation index
      Utilities index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$89,685$7,474$2,093$2,691
      Renters$41,656$3,471$972$1,250

      Iowa Sales Tax

      State General Sales Tax With Max Surtax
      Iowa 6% 7%

      Iowa Income Tax

      State Income Tax (Low) Income Tax (High)
      Iowa 4.4% 6%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Superior, IA2588317.0%
      Ruthven, IA7868316.7%
      Dickens, IA2108119.1%
      Harris, IA1968217.5%
      Everly, IA6168217.6%
      Milford, IA3,086909.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Magnolia, MS3,0868317.1%
      Fairview CDP, NC3,0861000.4%
      Pembroke, NC3,0858613.5%
      Admaston/Bromley, ON3,085n/a 
      Granite Quarry, NC3,084954.6%
      Milford, IA3,086909.6%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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