Cost of Living in Milford
The biggest cost-of-living factor in Milford, Massachusetts is housing. The median home is priced around $539K, or about $303 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $2,797, plus roughly $575 per month in property taxes. Rates and down payment change this figure significantly.
Milford's FY2025 residential property tax rate is $12.80 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Milford.