Cost of Living in Milford, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
143.8
100 = national avg
+43.8 vs national average
Living Wage (1 Adult)
$63,279
per year
Living Wage (Family of 4)
$149,569
per year
Cost Index by Category
Housing150.2
Food128.4
Transportation156.7
Healthcare122.7
Utilities127.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,122
per month
2 Bedroom
$1,411
per month
The overall cost of living index in Milford is 143.8, which is 43.8% above the national average. Housing costs are above the national average at an index of 150.2. A single adult needs to earn approximately $63,279 per year to cover basic expenses.