States › Ohio › Milford

Is Milford, OH expensive to live in?

OKRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,42419% lower than U.S. average
💵 Families earn per year (2026)$84,184about $7,015/month · 3% lower than U.S. average
🔑 House price$238,70028% lower than U.S. average

Rent is lower than in 62% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $56,960 a year. That is $27 an hour at a full-time job.

Is rent cheaper than other Ohio cities?

No. Rent here is more expensive than in most of Ohio. It is number 189 of 288 cities from cheapest to most expensive.

Milford
$1,424
Covedale
$1,581
Hillsboro
$852
Moraine
$975
Upper Sandusky
$988
Champion Heights
$1,178
Belpre
$1,178

How much do households earn in Milford?

Under $25k
14.4%
$25k–50k
23.3%
$50k–100k
39.2%
$100k–150k
13.0%
$150k+
7.4%

Share of households by yearly income. 20.5% of households earn $100,000 or more.

Rent by apartment size in Milford

SizeMilfordU.S. average
Studio$1,042$1,338
1 bedroom$960$1,324
2 bedrooms$1,203$1,509
3 bedrooms$1,766$1,698

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

How expensive is Milford overall?

Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).

Housing
73
Goods (food, clothes…)
94
Utilities
96
Other services
99
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 Ohio figure is shown.

Taxes and bills in Milford

🏛️ Property tax$3,463a year · 1.45% of home value · U.S. $3,119
⚡ Electric bill$158a month (typical) · U.S. $156

Life in Milford

Commute to work20.2 minU.S.: 26.4 min
College degree37%U.S.: 35.7%
Own their home49.6%U.S.: 65.2%
Below poverty line9.9%U.S.: 12.5%
Unemployment5.2%U.S.: 5.2%

Is it cheaper to rent or buy in Milford?

Renting is cheaper right now: about $232 a month less.

Renting
$1,424
Owning
$1,656

Owning assumes a typical $238,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,870 for the down payment.

Frequently asked questions

What is the average rent in Milford, OH?

Renting in Milford costs a median of about $1,424 a month in 2026, including utilities. The Ohio median is $1,261.

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

To keep rent under 30% of income, you need about $56,960 a year, or $27 an hour at a full-time job.

Is Milford cheap or expensive?

Milford is rated OK: rent takes 20.3% of the typical household income of $84,184. It ranks 189th cheapest of 288 Ohio cities we track.

How much are property taxes in Milford?

The median homeowner in Milford pays $3,463 a year in property taxes, about 1.45% of the median home value.

Is Milford more expensive than the national average?

Overall prices in Ohio are 7% below 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 $238,700, about 2.8 times the typical yearly household income.

6,497 people live in Milford. Numbers are typical (middle) values.