States › New Hampshire › Milford

Is Milford, NH expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,7331% lower than U.S. average
💵 Families earn per year (2026)$84,861about $7,072/month · 3% lower than U.S. average
🔑 House price$357,8008% higher than U.S. average

Rent is higher than in 54% of U.S. cities. A typical house costs about 4.2 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $69,320 a year. That is $33 an hour at a full-time job.

Is rent cheaper than other New Hampshire cities?

Yes. Rent here is cheaper than in most of New Hampshire. It is number 8 of 26 cities from cheapest to most expensive.

Milford
$1,733
Franklin
$1,225
Berlin
$969
Hanover
$3,199
Exeter
$1,888
Hampton
$1,754
Durham
$1,228

How much do households earn in Milford?

Under $25k
10.9%
$25k–50k
21.9%
$50k–100k
37.5%
$100k–150k
17.8%
$150k+
10.6%

Share of households by yearly income. 28.4% of households earn $100,000 or more.

Rent by apartment size in Milford

SizeMilfordU.S. average
Studio$1,274$1,338
1 bedroom$1,299$1,324
2 bedrooms$1,891$1,509
3 bedrooms$2,293$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Milford overall?

Everyday prices in New Hampshire overall are 4% above the U.S. average (index 104.2, U.S. = 100).

Housing
115
Goods (food, clothes…)
99
Utilities
134
Other services
104
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Milford, so the New Hampshire figure is shown.

Taxes and bills in Milford

🏛️ Property tax$6,978a year · 1.95% of home value · U.S. $3,119
⚡ Electric bill$145a month (typical) · U.S. $156

Life in Milford

Commute to work26.2 minU.S.: 26.4 min
College degree33.6%U.S.: 35.7%
Own their home59.4%U.S.: 65.2%
Below poverty line5.9%U.S.: 12.5%
Unemployment2.7%U.S.: 5.2%

Is it cheaper to rent or buy in Milford?

Renting is cheaper right now: about $750 a month less.

Renting
$1,733
Owning
$2,483

Owning assumes a typical $357,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $35,780 for the down payment.

Frequently asked questions

What is the average rent in Milford, NH?

Renting in Milford costs a median of about $1,733 a month in 2026, including utilities. The New Hampshire median is $1,916.

How much do I need to make to live in Milford?

To keep rent under 30% of income, you need about $69,320 a year, or $33 an hour at a full-time job.

Is Milford cheap or expensive?

Milford is rated OK: rent takes 24.5% of the typical household income of $84,861. It ranks 8th cheapest of 26 New Hampshire cities we track.

How much are property taxes in Milford?

The median homeowner in Milford pays $6,978 a year in property taxes, about 1.95% of the median home value.

Is Milford more expensive than the national average?

Overall prices in New Hampshire 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 $357,800, about 4.2 times the typical yearly household income.

8,956 people live in Milford. Numbers are typical (middle) values.