Cost of Living & Housing in Milford
Milford's cost of living centers on housing priced at or above Nebraska's statewide figures, alongside a property tax rate that runs above both Seward County's own broader median and Nebraska's statewide figures.
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Learn moreA real, wide, disclosed housing-price spread to confirm directly
Milford's own recent median home sale price carried a real, wide cross-period spread this pass found -- approximately $285,000 (April 2026) to $395,000 (December 2025) -- attributed to small-market sale-volume volatility rather than a confirmed, stable price level (base record).
A 1.79% effective property tax rate, above Seward County's and Nebraska's own figures
Milford carries the highest cited median effective property tax rate (approximately 1.79%) among Seward County communities, above the county's own broader 1.59% median and Nebraska's own statewide anchor figure of approximately 1.50% (base record).
Nebraska's phasing-down income tax and full Social Security exemption
Nebraska's real, current 2026 top marginal income tax rate is 4.55%, set to drop further to 3.99% in 2027, with a full exemption for Social Security income (since tax year 2024) and a 100% military-retirement-income exemption (base record).
Confirm current rent and employer data directly
A reliable, city-specific median rent figure and a comprehensive, current, ranked named-employer list for Milford beyond Southeast Community College were not found with confidence this pass -- confirm both directly with the Seward County Chamber & Development Partnership (base record).
Key takeaways
- Milford's median home sale price carried a real, wide, disclosed cross-period spread this pass found: approximately $285,000 to $395,000.
- Milford's own approximately 1.79% effective property tax rate runs above both Seward County's own broader median and Nebraska's statewide figures.
- Nebraska's phasing-down income tax (4.55% top rate for 2026, dropping to 3.99% in 2027) and full Social Security/military-retirement exemptions apply in Milford as they do statewide.
- A confirmed, current rent figure and comprehensive employer list were not found with confidence this pass -- confirm both directly.
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