Cost of Living in Milford, UT
Housing
The housing market plays a significant role in determining the cost of living in Milford, UT.
- Housing Index: Data is updating
- Median Home Price is: $250000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Milford, UT? The median home price stands at 250000. However, with a housing index of 0.0, it's important to evaluate the rental market carefully, as the average rent for a 2-bedroom apartment and house is currently at zero. This could indicate a transient or underdeveloped rental sector. If owning a home aligns with your long-term goals, buying here could prove beneficial, given the lower purchase price. Do further research on amenities and local market trends to better inform your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Milford, UT.
- Electricity Price: $11.5 USD (median by state)
- Natural Gas Price: $14 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Milford, UT could entail higher utility costs. Electricity costs sit at $11.5, while natural gas is priced at $14 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Milford is a financially viable option for your relocation.