Milford, MA vs Waltham, MA

There is a significant gap in the cost of living between these two cities. Milford is 25.1% cheaper than Waltham. With a cost index of 123 vs 164, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Milford to Waltham should plan for substantially higher expenses across most categories.

On the housing front, median rent in Milford is $1,702/month compared to $2,232/month in Waltham — a 24% difference. Home values follow the same pattern: Milford is more affordable at $429,800 median vs $705,700.

Median household income in Milford is $88,992 compared to $116,560 in Waltham (-23.7%). The higher salaries in Waltham partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Milford spend roughly 23% of their income on rent, less than the 23% in Waltham.

Climate-wise, both cities share similar average temperatures (52°F vs 50.5°F). Milford receives more rainfall at 43.9" per year compared to 42.6" in Waltham.