Baxter, IA vs Milford, IA

Baxter is moderately more affordable than Milford, with a 9.2% lower cost of living index. Baxter scores 67 compared to 74 for Milford, where the US average is 100. This difference means residents of Milford can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Baxter is $693/month compared to $806/month in Milford — a 14% difference. Home values follow the same pattern: Baxter is more affordable at $162,300 median vs $211,000.

Median household income in Baxter is $60,625 compared to $60,571 in Milford (+0.1%). Baxter offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Baxter spend roughly 13.7% of their income on rent, less than the 16% in Milford.