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Cost of Living in South Milford, IN

Population: 243 | Indiana

88
Cost of Living Index
US Average = 100

South Milford is 12% less expensive than the national average.

100
Housing
60
Home Values
93
Regional Price

Cost of Living in South Milford, IN: What You Need to Know

With a cost of living index of 88, South Milford, IN is a very affordable place to live. Living here is 12% cheaper than the national average and 9% above the Indiana state average of 78. South Milford is a small community of 243 residents.

The median household income in South Milford is $114,968, which is 53% higher than the national median of $75,149.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.

Income

Median Household Income
$114,968
vs US Median ($75,149)
+53%

Housing

Median Home Value
$183,100
→ Best Places to Live in Indiana (2026)

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