Cost of Living in Milford, MA
Population: 27,919 • 2026 Data
$88,992
Median Household Income
+15% vs national
$1,702
Median Monthly Rent
+26% vs national
$429,800
Median Home Value
+27% vs national
4.8%
Unemployment Rate
Housing in Milford
The median home value in Milford, MA is $429,800. Monthly rent for a typical unit averages $1,702, while total monthly housing costs (including utilities and insurance) average $1,852.
Rent-to-income ratio: 23.0%. 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, MA is $88,992. The unemployment rate stands at 4.8%, with a labor force of 16,146 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.