Cost of Living in Milford, ME
Housing
The housing market plays a significant role in determining the cost of living in Milford, ME.
- Housing Index: 110.7 / 100
- Median Home Price is: $190,000
- Average Rent (2 BR Apartment): $1922 per month
- Average Rent (2 BR House): $2089 per month
When considering a move to Milford, ME, the current real estate landscape is particularly noteworthy. The housing index stands at 110.7, indicating a unique market condition. With a median home price of 190000, purchasing a property could be an attractive option. However, it’s important to note that both the average rent for a 2-bedroom apartment and a 2-bedroom house are currently at 1922 and 2089 respectively, which suggests limited rental availability or decisively favorable buying conditions. Always assess local amenities and job opportunities before making your final decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Milford, ME.
- Electricity Price: $22.26 USD (median by state)
- Natural Gas Price: $21.63 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $242 per month
Living in Milford, ME could entail higher utility costs. Electricity costs sit at $22.26, while natural gas is priced at $21.63 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $242 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.