Milford, NH, has a higher cost of living compared to the nationwide average. The overall cost of living index in Milford is 106, which is 6% higher than the national average of 100. Housing costs in Milford stand at 120, making them 20% more expensive than the national average. Groceries, utilities, and healthcare also slightly exceed the national average, contributing to the overall higher cost of living in Milford. Transportation, however, is 5% below the national average, offering some relief to residents.
The cost of living in Milford, NH, shows a mixed comparison when benchmarked against the nationwide average of 100. Housing costs in Milford are notably higher, reaching an index of 120. This means that housing expenses in Milford are 20% more expensive than the average across the country. For job seekers considering Milford, this may be a significant factor to weigh against potential salary gains.
On the other hand, some areas show lower costs compared to the national average. For instance, transportation costs in Milford stand at 95, reflecting a 5% savings compared to the nationwide figure. Groceries also show a relatively moderate increase, with an index of 105, suggesting that food expenses are just 5% higher than average. Healthcare and miscellaneous costs also edge slightly above the national average, with indices of 104 and 102, respectively. These figures indicate that while some expenses are higher, not all living costs in Milford are drastically elevated.
