Cost of Living in Milford, IN

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14%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
38%
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 Indiana National
Cost of living8689100
Groceries9797100
Health care9697100
Housing6272100
Transportation9596100
Utilities9796100
Lifestyle & Entertainment9495100
Household Items9998100
Education & Childcare9194100
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Homes For Sale In Milford, IN

property for sale

Vacant Land County Road 43

Syracuse, IN
property for sale

108 N Henry St

Milford, IN
property for sale

12402 Placidview Ln

Milford, IN
property for sale

20292 U.S. 6

Milford, IN

Cost Of Living Quick Facts

  • The cost of living in Milford is 4% lower than the Indiana average
  • The cost of living in Milford is 14% lower than the national average
  • Milford housing is 38% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 21% higher than the national average

Most Affordable Places to Live in and Around Milford

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Compare Milford, IN Cost of Living

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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$88,735$7,395$2,070$2,662
      Renters$39,813$3,318$929$1,195

      Indiana Sales Tax

      State General Sales Tax With Max Surtax
      Indiana 7% 7%

      Indiana Income Tax

      State Income Tax (Low) Income Tax (High)
      Indiana 3.15% 3.15%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Cromwell, IN4988218.0%
      Ligonier, IN4,6338217.6%
      Etna Green, IN5778416.5%
      Syracuse, IN2,9748712.9%
      Bourbon, IN1,9828812.5%
      Milford, IN1,7138614.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Kalida, OH1,713946.3%
      Monte Alto, TX1,7138118.8%
      Los Ranchos, CA1,712249148.9%
      Key Vista, FL1,7121099.1%
      Corydon, IA1,7148218.4%
      Milford, IN1,7138614.4%
      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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