Cost of Living in Milford, OH
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
108.1
100 = national avg
+8.1 vs national average
Living Wage (1 Adult)
$47,550
per year
Living Wage (Family of 4)
$112,392
per year
Cost Index by Category
Housing108.0
Food105.7
Transportation111.4
Healthcare104.6
Utilities105.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,051
per month
2 Bedroom
$1,353
per month
The overall cost of living index in Milford is 108.1, which is 8.1% above the national average. Housing costs are above the national average at an index of 108.0. A single adult needs to earn approximately $47,550 per year to cover basic expenses.