Milford, PA vs Penn Estates, PA

Milford is moderately more affordable than Penn Estates, with a 8.6% lower cost of living index. Milford scores 109 compared to 119 for Penn Estates, where the US average is 100. This difference means residents of Penn Estates can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Milford is $1,504/month compared to $2,188/month in Penn Estates — a 31% difference. Interestingly, home values tell a different story: while Milford has cheaper rent, Penn Estates actually has lower median home values ($233,200 vs $361,000).

Median household income in Milford is $75,536 compared to $91,080 in Penn Estates (-17.1%). While Penn Estates 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 23.9% of their income on rent, less than the 28.8% in Penn Estates.