Cost of Living in Milford city (balance), CT
Population: 50,749 • 2026 Data
$110,126
Median Household Income
+42% vs national
$1,820
Median Monthly Rent
+35% vs national
$377,400
Median Home Value
+11% vs national
4.5%
Unemployment Rate
Housing in Milford city (balance)
The median home value in Milford city (balance), CT is $377,400. Monthly rent for a typical unit averages $1,820, while total monthly housing costs (including utilities and insurance) average $1,900.
Rent-to-income ratio: 19.8%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Milford city (balance), CT is $110,126. The unemployment rate stands at 4.5%, with a labor force of 29,920 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.