Cost of Living in Milford (balance), CT (2026)
Updated Jun 2026 (3 months ago) · Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Energy Information Administration
Key facts
- Rent (1-bedroom)
- $1,645/month
- U.S. Census Bureau · 2024-12-31
- Median household income
- $111,201
- U.S. Census Bureau · 2024-12-31
- Regional price parity
- 103.6 (above national average)
- U.S. Bureau of Economic Analysis · 2024-12-31
- Utilities (monthly)
- $219/month
- U.S. Energy Information Administration · 2026-06-30
- Rent burden (of income)
- 18% (affordable)
- Derived from Census + HUD threshold · 2024-12-31
Can you afford this city?
- Groceries (est.)
- $399
- Monthly surplus
- $1,487
Salary needed to live here
- Gross per month
- $4,233
- Comfortable budget
- $2,963
Milford (balance), CT vs the US average
| Metric | Value | vs US avg |
|---|---|---|
Median household income (Census ACS 5-Year, Dec 2024) | $111,201 | +43% vs US |
Median home value (Census ACS 5-Year, Dec 2024) | $415,200 | +22% vs US |
Rent (1BR) (Census ACS 5-Year, Dec 2024) | $1,645 | +27% vs US |
Rent (2BR) (Census ACS 5-Year, Dec 2024) | $1,952 | +33% vs US |
Grocery cost index (BEA Regional Price Parities, Dec 2024) | 97.3 | -3% vs US |
Utilities (monthly) (EIA Electricity Retail Sales, Jun 2026) | $219 | +7% vs US |
Cost breakdown vs US average
What it costs to live in Milford (balance)
A one-bedroom rental in Milford (balance), CT runs about $1,645 per month — well above the national median of $1,300 (27% more). The median household income here is $111,201, and a one-bedroom lease absorbs about 18% of that — leaving room under the 30% affordability threshold. Median homes are valued at $415,200 (3.7× median income) — above the 3× affordability rule, though in line with many U.S. metros. That's 22% above the U.S. median of $340,200. Use the calculator above to see how far your income goes, with rent and utilities prefilled from the latest U.S. Census Bureau data.
Buying a home in Milford (balance)?
Mortgage payment calculator
- Principal & interest
- $2,108
- Total interest
- $438,707
Estimate only — not financial, tax, or legal advice. Figures are illustrative and may not reflect your situation. Consult a qualified professional.
Cite this page
CostAlmanac US, *Milford (balance), CT — Cost of Living*, https://costalmanac.com/cost-of-living/milford-balance-ct
Data from U.S. government sources. See methodology for how every number is computed.