salaryRent is higher than in 90% of U.S. cities. A typical house costs about 3.5 years of household income. Most homes (75.5%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $108,920 a year. That is $52 an hour at a full-time job.
Is rent cheaper than other Connecticut cities?
No. Rent here is more expensive than in most of Connecticut. It is number 54 of 64 cities from cheapest to most expensive.
How much do households earn in Milford?
Share of households by yearly income. 45.0% of households earn $100,000 or more.
Rent by apartment size in Milford
| Size | Milford | U.S. average |
|---|---|---|
| Studio | $1,952 | $1,338 |
| 1 bedroom | $1,815 | $1,324 |
| 2 bedrooms | $2,154 | $1,509 |
| 3 bedrooms | $2,544 | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Milford overall?
Everyday prices in Connecticut overall are 4% above the U.S. average (index 103.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Milford, so the Connecticut figure is shown.
Taxes and bills in Milford
Life in Milford
Is it cheaper to rent or buy in Milford?
Renting is cheaper right now: about $158 a month less.
Owning assumes a typical $415,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $41,520 for the down payment.
Frequently asked questions
What is the average rent in Milford, CT?
Renting in Milford costs a median of about $2,723 a month in 2026, including utilities. The Connecticut median is $1,920.
How much do I need to make to live in Milford?
To keep rent under 30% of income, you need about $108,920 a year, or $52 an hour at a full-time job.
Is Milford cheap or expensive?
Milford is rated OK: rent takes 27.2% of the typical household income of $119,930. It ranks 54th cheapest of 64 Connecticut cities we track.
How much are property taxes in Milford?
The median homeowner in Milford pays $6,663 a year in property taxes, about 1.60% of the median home value.
Is Milford more expensive than the national average?
Overall prices in Connecticut are 4% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Milford?
The median home value in Milford is $415,200, about 3.5 times the typical yearly household income.
51,023 people live in Milford. Numbers are typical (middle) values.