Cost of Living in Milford, MI

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B+
9%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
39%
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 Michigan National
Cost of living10991100
Groceries9598100
Health care9497100
Housing13976100
Transportation9596100
Utilities97100100
Lifestyle & Entertainment9796100
Household Items9998100
Education & Childcare9595100
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Homes For Sale In Milford, MI

property for sale

4277 Tux Ln

Milford, MI
property for sale

555 Crawford Farm Ln

Milford, MI
property for sale

4334 Terra Ridge Dr

Milford, MI
property for sale

203 Mountain View Ln

Milford, MI

Cost Of Living Quick Facts

  • The cost of living in Milford is 20% higher than the Michigan average
  • The cost of living in Milford is 9% higher than the national average
  • Milford housing is 39% higher than the national average
  • Michigan general sales tax is 18% higher than the national average
  • Michigan state income tax is 64% higher than the national average

Most Affordable Places to Live in and Around Milford

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Compare Milford, MI Cost of Living

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      Salary Calculator

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      Cost of living index
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      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle 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$158,684$13,224$3,702$4,761
      Renters$60,443$5,037$1,410$1,813
      To approximate the cost of living and the housing affordability in Milford, MI, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Milford have a median income of $158,684. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,702 per month to avoid calamity and poverty. The renters in the city have an income of about $60,443, which would make their monthly maximum allowable rental costs $1,410.

      Michigan Sales Tax

      State General Sales Tax With Max Surtax
      Michigan 6% 6%

      Michigan Income Tax

      State Income Tax (Low) Income Tax (High)
      Michigan 4.25% 4.25%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Holly, MI6,3578910.7%
      Walled Lake, MI7,432946.0%
      Fenton, MI11,776955.3%
      Keego Harbor, MI3,441991.2%
      Whitmore Lake, MI8,2991000.4%
      Milford, MI6,7221099.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Garrett, IN6,7228713.3%
      Minden Hills, ON6,722n/a 
      South Valley Stream, NY6,71915353.0%
      Moraine, OH6,7198514.7%
      Oakmont, PA6,7181077.4%
      Milford, MI6,7221099.0%
      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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