Cost of Living in Milford, VA
Housing
The housing market plays a significant role in determining the cost of living in Milford, VA.
- Housing Index: 107.5 / 100
- Median Home Price is: $220,000
- Average Rent (2 BR Apartment): $1935 per month
- Average Rent (2 BR House): $2103 per month
Considering a move to Milford, VA? The current housing index at 107.5 suggests an overall flat market, which could either mean stability or lack of competitiveness. With a median home price of 220000, the area is likely affordable compared to many urban centers. However, with average rents for a 2-bedroom apartment and house at 1935 and 2103 respectively, the lack of rental data may indicate limited availability or market activity. Research further local amenities and lifestyle factors to ensure this move aligns with your needs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Milford, VA.
- Electricity Price: $15.31 USD (median by state)
- Natural Gas Price: $19.91 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $242 per month
Living in Milford, VA could entail higher utility costs. Electricity costs sit at $15.31, while natural gas is priced at $19.91 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.