Housing costs in Milford?
A typical home costs
$274,900, which is 18.7% less expensive than the national average of
$338,100 and 19.9% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Milford costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 59.1% cheaper than the state average of
$1,400.
Can I afford Milford?
To live comfortably in Milford (zip 22514), Virginia, a minimum annual income of
$52,560 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Milford?
The cost of living in 22514 Milford, VA is quite reasonable. The median home value in the area is $124,200, making it an affordable place to live for many people. The median household income is $47,800 and housing costs account for about 24% of that figure. Groceries are also relatively inexpensive at an average of 7% of the median income. Overall, the cost of living in Milford is lower than other nearby cities and towns, making it a great place to make a home.