Cost of Living in Milford, NH
Cost of Living in Milford, NH has an overall index of 108, 8% above the U.S. baseline of 100. The typical home value is $337,900; typical monthly rent is $1,388; and median household income is $81,042.
Cost index: committed city housing/rent inputs and BEA 2024 metro-area price parities. Home value: Census ACS 2023 fallback place estimate. Rent: Census ACS 2023 fallback place estimate. A place-level signal, not a personal affordability decision or financial recommendation.
Rent and home prices are comparatively balanced with local income. This describes the local market, not your household.
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Frequently asked questions about Milford
Living in Milford
What is the cost of living like in Milford, NH?+
Living costs in Milford land close to the national average, with a Cost Index of 108 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $337,900, and typical monthly rents are $1,388. Groceries and utilities are in line with what you would find in most US cities.
How does Milford fit a household housing budget?+
Start with housing. Typical monthly rent is $1,388, while local median household income is $81,042. That implies a rent-burden proxy of about 21% before utilities and other costs. Use that as a planning signal for whether the place looks manageable under your own household assumptions.
How much are taxes in Milford, NH?+
This model applies no broad New Hampshire wage-income tax. Applying the 1.86% state-level effective owner-occupied proxy to a home worth $337,900 gives a planning estimate near $6,285 per year; it is not a city, county, parcel, or individual tax bill. The snapshot reports no state sales tax.
How much does it cost to rent in Milford, NH?+
The typical monthly rent in Milford is around $1,388. That's close to the $1,348 national median. For comparison, the median home value here is $337,900, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in Milford, NH?+
The typical home value in Milford is $337,900. With 20% down and the committed 6.11% national 30-year fixed benchmark as of 2026-03-12, principal and interest are roughly $1,640/month before property tax and insurance. This is a planning estimate, not a local lender quote. About 61% of residents here own their homes.
Are groceries and utilities expensive in Milford?+
Grocery prices in Milford are about average compared to the rest of the US (index: 98, where 100 is the national average). Utility bills (electricity, gas, water) are on the high side (index: 134). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.
What is Milford, NH like to live in?+
Milford is a small town with a population of about 8,857. The median age of residents is 38.9, which is close to the national median. The local poverty rate is 6.24%, well below the national average of 12.4%.