salaryRent is lower than in 76% 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 $48,000 a year. That is $23 an hour at a full-time job.
Is rent cheaper than other Florida cities?
Yes. Rent here is cheaper than in most of Florida. It is number 32 of 479 cities from cheapest to most expensive.
How much do households earn in Milton?
Share of households by yearly income. 17.7% of households earn $100,000 or more.
Rent by apartment size in Milton
| Size | Milton | U.S. average |
|---|---|---|
| 1 bedroom | $955 | $1,324 |
| 2 bedrooms | $1,282 | $1,509 |
| 3 bedrooms | $1,773 | $1,698 |
| 4 bedrooms | $1,851 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Milton overall?
Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Milton, so the Florida figure is shown.
Taxes and bills in Milton
Life in Milton
Is it cheaper to rent or buy in Milton?
Renting is cheaper right now: about $417 a month less.
Owning assumes a typical $233,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,310 for the down payment.
Frequently asked questions
What is the average rent in Milton, FL?
Renting in Milton costs a median of about $1,200 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Milton?
To keep rent under 30% of income, you need about $48,000 a year, or $23 an hour at a full-time job.
Is Milton cheap or expensive?
Milton is rated Cheap: rent takes 17.5% of the typical household income of $82,291. It ranks 32nd cheapest of 479 Florida cities we track.
How much are property taxes in Milton?
The median homeowner in Milton pays $1,454 a year in property taxes, about 0.62% of the median home value.
Is Milton more expensive than the national average?
Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Milton?
The median home value in Milton is $233,100, about 2.8 times the typical yearly household income.
10,733 people live in Milton. Numbers are typical (middle) values.