Cost of Living in Milford, IL

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18%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
57%
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 Illinois National
Cost of living8298100
Groceries98100100
Health care98100100
Housing4395100
Transportation99101100
Utilities9799100
Lifestyle & Entertainment103100100
Household Items102100100
Education & Childcare100100100
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Homes For Sale In Milford, IL

property for sale

205 N Park St

Milford, IL
property for sale

215 W Jones St

Milford, IL
property for sale

107 N Chicago St

Milford, IL
property for sale

974 N Martha Ct

Milford, IL

Cost Of Living Quick Facts

  • The cost of living in Milford is 16% lower than the Illinois average
  • The cost of living in Milford is 18% lower than the national average
  • Milford housing is 57% lower than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around Milford

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      Utilities index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$82,448$6,871$1,924$2,474
      Renters$32,157$2,680$750$965

      Illinois Sales Tax

      State General Sales Tax With Max Surtax
      Illinois 6.25% 10.25%

      Illinois Income Tax

      State Income Tax (Low) Income Tax (High)
      Illinois 4.95% 4.95%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Ambia, IN2307723.5%
      Rankin, IL5358218.4%
      Hoopeston, IL5,3838217.8%
      Wellington, IL2448317.4%
      Sheldon, IL1,2228019.9%
      Milford, IL1,2728217.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Brilliant, AL1,2728020.3%
      Shelton, NE1,2728713.1%
      Newville, PA1,272919.3%
      Clark, SD1,2728217.7%
      Saint-Valère, QC1,272n/a 
      Milford, IL1,2728217.6%
      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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