Milford, NH, has a higher cost of living compared to the nationwide average. The overall cost of living index in Milford is 100.5, which is 0.5% higher than the national average of 100. This means that, on average, living expenses in Milford are slightly above the national average.
Specifically, housing costs are 10% higher, groceries are 5% higher, and utilities are 5% lower than the national average. Transportation and healthcare costs are slightly below the national average, while miscellaneous costs are nearly on par. This data suggests that while some areas are more expensive, others offer savings, making Milford a balanced choice for potential residents.
The cost of living in Milford, NH, shows some variations compared to the nationwide average, which is set at 100. Housing costs in Milford stand at 110, indicating that residents pay 10% more than the average American. This increase may be a significant consideration for those looking to buy or rent property in the area.
Other expenses also reflect this trend. For groceries, Milford's cost of living index is 105, meaning residents spend 5% more on food than the national average. Utilities, however, are slightly lower, with an index of 95, showing a 5% savings compared to the nationwide average. Transportation costs are at 90, which is 10% less than the average. Healthcare costs remain at par with the national average at 100, offering no change in expenses. Miscellaneous costs, with an index of 98, are 2% below the national average. These factors provide a comprehensive view of the cost of living in Milford, NH, for potential residents and job seekers.
