Cost of Living in Milton
The biggest cost-of-living factor in Milton, Massachusetts is housing. The median home is priced around $1.85M, or about $559 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $9,586, plus roughly $1,707 per month in property taxes. Rates and down payment change this figure significantly.
Milton's FY2025 residential property tax rate is $11.09 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Milton.