Cost of Living in Milford, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
155.4
100 = national avg
+55.4 vs national average
Living Wage (1 Adult)
$68,370
per year
Living Wage (Family of 4)
$161,603
per year
Cost Index by Category
Housing206.4
Food118.0
Transportation136.0
Healthcare114.4
Utilities132.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,410
per month
2 Bedroom
$1,749
per month
The overall cost of living index in Milford is 155.4, which is 55.4% above the national average. Housing costs are above the national average at an index of 206.4. A single adult needs to earn approximately $68,370 per year to cover basic expenses.