Cost of Living in Milford, NE
Housing
The housing market plays a significant role in determining the cost of living in Milford, NE.
- Housing Index: 89.7 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $1313 per month
- Average Rent (2 BR House): $1427 per month
In analyzing the data for Milford, NE, the housing index stands at 89.7, suggesting a relatively stable market. With an average rent of 1313 for a 2-bedroom apartment and 1427 for a house, renting could be more appealing, especially given the absent median home price of 0, which might indicate a lack of available homes for purchase. This market condition may lead to higher demand for rentals. Consider your priorities in renting versus buying when evaluating your move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Milford, NE.
- Electricity Price: $12.92 USD (median by state)
- Natural Gas Price: $13.89 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $221 per month
Living in Milford, NE could entail higher utility costs. Electricity costs sit at $12.92, while natural gas is priced at $13.89 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $221 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.