Milford, OH vs Tallmadge, OH

Milford, OH and Tallmadge, OH have a very similar cost of living, with only a 4.6% difference in their overall index. Milford scores 78 while Tallmadge scores 82 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Milford is $865/month compared to $1,008/month in Tallmadge — a 14% difference. Interestingly, home values tell a different story: while Milford has cheaper rent, Tallmadge actually has lower median home values ($226,400 vs $228,200).

Median household income in Milford is $72,907 compared to $91,273 in Tallmadge (-20.1%). While Tallmadge is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Milford spend roughly 14.2% of their income on rent, more than the 13.3% in Tallmadge.