125th most affordable of 199 in Metro Detroit
Cost of Living in Milford Township, MI
A typical home in Milford Township costs about $1,982 a month, 21.7% of the median household income of $109,657. That makes Milford Township the 41st most affordable of 56 places in Oakland County and 125th of 199 across Metro Detroit.
- Median rent a month
- $1,466
- Median home value
- $425,400
- Owner cost with a mortgage
- $2,497
- Of income on housing
- 21.7%
Milford Township against Oakland County and the metro
| Census median | Milford Township | Oakland County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $1,466 | $1,376 | $1,207 |
| Median home value | $425,400 | $343,600 | $249,700 |
| Owner cost with a mortgage (monthly) | $2,497 | $1,998 | $1,720 |
| Median household income (yearly) | $109,657 | $97,760 | $76,664 |
| Share of income on housing | 21.7% | 20.7% | 22.9% |
Ranked 41st most affordable of 56 in Oakland County. See all 56.
Cost of living near Milford Township
The towns around Milford Township, each with its own page.
- Milford Rent $1,173 · Home $363,700 55th most affordable in the metro
- White Lake Rent $1,516 · Home $327,000 120th most affordable in the metro
- Hartland Township Rent $1,346 · Home $378,300 51st most affordable in the metro
- Wixom Rent $1,035 · Home $365,200 182nd most affordable in the metro
- Commerce Rent $2,005 · Home $365,700 118th most affordable in the metro
- Highland Township Rent $1,048 · Home $330,800 58th most affordable in the metro
- Lyon Township Rent $1,726 · Home $473,300 33rd most affordable in the metro
- Brighton Township Rent $1,621 · Home $422,400 16th most affordable in the metro
Living in Milford Township
- Homes for sale in Milford Township Listings and off-market deals
- Rentals in Milford Township Houses and apartments for rent
- Milford Township neighborhoods Every neighborhood on a map
- Cost of living in Oakland County Every town in the county, ranked
- Most affordable cities in Metro Detroit All six counties, ranked
- Milford Township city guide Pros, homes and city services
Milford Township cost of living questions
5 questions
Is Milford Township, MI expensive to live in?
A typical home in Milford Township takes 21.7% of the median household income, against 22.9% across Metro Detroit, which ranks it 125th most affordable of 199 places.
What is the average rent in Milford Township?
The median gross rent is $1,466 a month, rent plus the utilities the renter pays, 21% above the metro.
How much does a house cost in Milford Township?
Owners put the median home value at $425,400, 70% above the metro. With a mortgage, the median owner pays $2,497 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Milford Township?
Spending no more than 30% of income on housing, the usual rule, a typical Milford Township home at $1,982 a month calls for about $79,000 a year. The median household here earns $109,657.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Milford Township. They are medians, half above and half below, and today's listings and rents can differ.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.