Milton, FL Cost Of Living
Cost Of Living In Milton, FL Summary
Cost of living in Milton research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Milton is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Milton is 89, with 100 being the average.
The cost of living index in Milton is 0.9x lower than the national average.
Milton ranks as the #72 cheapest in Florida out of 459.
Milton ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Milton is $148,100.
The median income in Milton is $65,410.
Table Of Contents
Milton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Milton, FL?
According to the most recent data on the cost of living, Milton has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Florida, Milton has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in Milton ranks as #72 most affordable out of the 459 places we measured in Florida. By definition, that implies Milton ranks as the #387 most expensive place in the Sunshine State.
For more reading on life in Milton, check out:
- Living In Milton
- Milton Crime Report
- Search Homes For Sale In Milton, FL
In Florida
In America
Milton Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Milton. Here is how it fairs on each of the criteria:
The Services index in Milton is 96.
The Groceries index in Milton is 99.
The Health index in Milton is 93.
The Housing index in Milton is 71.
The Transportation index in Milton is 95.
The Utilities index in Milton is 123.
| Living Expense | Milton | Florida | National Average | |
|---|---|---|---|---|
| Overall | 89 | 101 | 100 | |
| Services | 96 | 98 | 100 | |
| Groceries | 99 | 101 | 100 | |
| Health | 93 | 96 | 100 | |
| Housing | 71 | 108 | 100 | |
| Transportation | 95 | 98 | 100 | |
| Utilities | 123 | 100 | 100 | |
Milton, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Milton is $148,100.
The Median Rent in Milton is $1,428.
The Median Income in Milton is $65,410.
The Home Value To Income in Milton is 2.3x.
The Rent To Monthly Income in Milton is 0.26x.
| Statistic | Milton | Florida | United States |
|---|---|---|---|
| Median Home Value | $148,100 | $248,700 | $244,900 |
| Median Rent | $1,428 | $1,301 | $1,163 |
| Median Income | $65,410 | $61,777 | $69,021 |
| Home Value To Income | 2.3x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.26x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Milton, FL Costs By Category
Detailed Milton Services Costs Vs. Florida
Detailed Milton Groceries Costs Vs. Florida
Detailed Milton Health Costs Vs. Florida
Detailed Milton Transportation Costs Vs. Florida
Detailed Milton Utilities Costs Vs. Florida
Milton SnackAbility
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Cost Of Living In Cities Around Milton
The cost of living varies in the cities and towns around Milton. Here's a quick look at the cost of living in the most populous nearby places:
Pensacola, FL has a cost of living index of 94, 1.1x Milton.
Navarre, FL has a cost of living index of 104, 1.2x Milton.
Ferry Pass, FL has a cost of living index of 95, 1.1x Milton.
| City | Population | Cost Of Living | Vs. Milton |
|---|---|---|---|
| Pensacola, FL | 53,845 | 94 | 1.1x |
| Navarre, FL | 38,994 | 104 | 1.2x |
| Ferry Pass, FL | 30,526 | 95 | 1.1x |
| Pace, FL | 23,527 | 98 | 1.1x |
| Bellview, FL | 22,613 | 92 | 1.0x |
| Ensley, FL | 22,015 | 91 | 1.0x |
| West Pensacola, FL | 21,960 | 82 | 0.9x |
| Brent, FL | 21,717 | 87 | 1.0x |
| East Milton, FL | 14,566 | 90 | 1.0x |
| Gonzalez, FL | 14,324 | 95 | 1.1x |
