Cost of Living in Milford, CT
Housing
The housing market plays a significant role in determining the cost of living in Milford, CT.
- Housing Index: 122.1 / 100
- Median Home Price is: $376,000
- Average Rent (2 BR Apartment): $2357 per month
- Average Rent (2 BR House): $2562 per month
Considering a move to Milford, CT? The current housing index stands at 122.1, indicating a moderately competitive market. With a median home price of 376000, potential homebuyers should be prepared for a notable investment. Renters may find the average rent for a 2-bedroom apartment at 2357 and a 2-bedroom house at 2562, which could impact your budget. Keep in mind that market dynamics can shift, so it’s wise to stay updated on local trends and explore surrounding neighborhoods for potential savings and value growth opportunities.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Milford, CT.
- Electricity Price: $26 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $257 per month
Living in Milford, CT could entail higher utility costs. Electricity costs sit at $26, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $257 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Milford is a financially viable option for your relocation.