Cost Of Living in Milford, IL

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Milford	Illinois	National
Cost of living	79	96	100
Goods & Services	96	97	100
Groceries	97	98	100
Health care	90	95	100
Housing	43	95	100
Transportation	95	103	100
Utilities	90	89	100

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Cost Of Living Quick Facts

The cost of living in Milford is 18% lower than the Illinois average
The cost of living in Milford is 21% lower than the national average
Milford housing is 57% lower than the national average
Illinois general sales tax is 22% higher than the national average
Illinois state income tax is 91% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$55,417	$4,618	$1,293	$1,663
Renters	$21,850	$1,821	$510	$656

Illinois Sales Tax

State	General Sales Tax	With Max Surtax
Illinois	6.25%	10.25%

Illinois Income Tax

State	Income Tax (Low)	Income Tax (High)
Illinois	4.95%	4.95%

Goods & Services

Item	Milford	National avg.	Difference
Haircut	$23.56	$24.26	2.9%
Beauty Salon	$42.28	$45.56	7.2%
Toothpaste	$3.77	$3.70	1.9%
Shampoo	$1.46	$1.28	13.8%
Movie	$8.75	$12.13	27.9%
Bowling	$18.33	$18.00	1.9%

Groceries

Item	Milford	National avg.	Difference
Ground Beef	$6.31	$5.84	8.0%
Fried Chicken	$1.39	$1.57	11.4%
Milk	$4.63	$4.67	0.8%
Potatoes	$4.96	$4.93	0.5%
Pizza	$13.80	$12.09	14.1%
Beer	$10.43	$10.41	0.2%

Health Care

Item	Milford	National avg.	Difference
Optometrist	$93.66	$125.68	25.5%
Doctor	$120.22	$135.78	11.5%
Dentist	$113.44	$113.29	0.1%
Ibuprofen	$10.48	$10.65	1.7%
Lipitor	$365.52	$468.60	22.0%

Housing

Item	Milford	National avg.	Difference
Home Price	$60,800.00	$184,700.00	67.1%
Avg. Mortgage Payment	$1,536.70	$2,346.69	34.5%
Apartment Rent	$637.00	$949.00	32.9%

Transportation

Item	Milford	National avg.	Difference
Gasoline	$3.17	$3.46	8.3%
Tire Balancing	$61.36	$59.92	2.4%

Utilities

Item	Milford	National avg.	Difference
All Electricity	$157.45	$193.99	18.8%
Phone	$197.49	$192.25	2.7%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Ambia, IN	222	76	23.5%
Rankin, IL	522	80	19.8%
Hoopeston, IL	5,178	81	19.0%
Sheldon, IL	1,198	79	20.9%
Wellington, IL	237	79	20.8%
Milford, IL	1,230	79	20.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hotchkiss, CO	1,230	94	6.3%
Canaan, CT	1,230	103	3.3%
Culver, IN	1,230	89	10.5%
Dover Beaches South, NJ	1,230	153	53.4%
Bellerose, NY	1,230	191	90.6%
Milford, IL	1,230	79	20.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Milford, IL