salaryRent is higher than in 61% of U.S. cities. A typical house costs about 3.6 years of household income. Commutes are long, about 31.3 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $74,800 a year. That is $36 an hour at a full-time job.
Is rent cheaper than other Maryland cities?
Yes. Rent here is cheaper than in most of Maryland. It is number 68 of 200 cities from cheapest to most expensive.
How much do households earn in Milford Mill?
Share of households by yearly income. 26.4% of households earn $100,000 or more.
Rent by apartment size in Milford Mill
| Size | Milford Mill | U.S. average |
|---|---|---|
| Studio | $1,558 | $1,338 |
| 1 bedroom | $1,337 | $1,324 |
| 2 bedrooms | $1,788 | $1,509 |
| 3 bedrooms | $2,145 | $1,698 |
| 4 bedrooms | $1,817 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Milford Mill overall?
Everyday prices in Maryland overall are 5% above the U.S. average (index 105.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Milford Mill, so the Maryland figure is shown.
Taxes and bills in Milford Mill
Life in Milford Mill
Is it cheaper to rent or buy in Milford Mill?
About the same. Renting and owning cost within $28 of each other each month.
Owning assumes a typical $273,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $27,360 for the down payment.
Frequently asked questions
What is the average rent in Milford Mill, MD?
Renting in Milford Mill costs a median of about $1,870 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Milford Mill?
To keep rent under 30% of income, you need about $74,800 a year, or $36 an hour at a full-time job.
Is Milford Mill cheap or expensive?
Milford Mill is rated OK: rent takes 29.8% of the typical household income of $75,183. It ranks 68th cheapest of 200 Maryland cities we track.
How much are property taxes in Milford Mill?
The median homeowner in Milford Mill pays $3,018 a year in property taxes, about 1.10% of the median home value.
Is Milford Mill more expensive than the national average?
Overall prices in Maryland are 5% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Milford Mill?
The median home value in Milford Mill is $273,600, about 3.6 times the typical yearly household income.
30,829 people live in Milford Mill. Numbers are typical (middle) values.