The cost of living index in Milford, MI, shows a mixed picture compared to the nationwide average, which is set at 100. Housing costs in Milford stand at 85, which is 15% below the national average. This suggests that housing expenses are more affordable in Milford.
Other categories also reflect a similar trend. Groceries, utilities, and miscellaneous costs are slightly below the national average, with indices at 95, 92, and 88, respectively. However, transportation costs are slightly higher at 97, and healthcare costs are at 90, both close to the average. Overall, Milford offers a cost of living that is generally lower than the national average, making it an attractive option for budget-conscious job seekers.
The cost of living in Milford, MI, presents a mix of affordability and slight increases compared to the nationwide average. Housing costs are notably lower, with an index of 85, meaning residents spend 15% less than the average American. This makes housing a more budget-friendly option for those considering a move to Milford.
Other expenses, such as groceries and utilities, are close to the average. Groceries have an index of 95, indicating a 5% increase, while utilities stand at 92, showing a 2% rise. Transportation costs are slightly higher, with an index of 97, meaning residents pay 3% more. Healthcare costs are also slightly above average, with an index of 90, reflecting a 10% increase. Overall, Milford offers a balanced cost of living with some areas being more affordable and others slightly higher than the national average.
