Moving to Milton? An In-Depth Look at the Cost of Living

If relocating to Milton, it’s important to look beyond housing costs and understand the full scope of expenses for living in this growing Ontario town. From childcare to transportation, costs add up quick. Here is an in-depth look at typical budgets and lifestyle costs to factor when moving to Milton.

Housing

Houses for sale in milton offers diverse housing at various price points. The current average sold price for a detached home is $1.1 million. Upscale new builds exceed $2 million in top neighborhoods. More affordable options like condos and townhomes run $600,000 to $800,000.

For renters, average monthly costs are around $2,500 for a 2-bed apartment, $3,000 for a condo, and $3,500+ for a detached rental home. Limited supply makes vacancies competitive.

Property Taxes

Property tax rates in Milton average 1.04% of a home’s assessed value. This equates to over $11,000 annually in property taxes on a $1 million home. Actual tax rates vary slightly by neighborhood.

Utilities

Monthly utility costs for a Milton home average:

– Electricity: $130

– Natural Gas: $80

– Water: $65

Internet packages range from $50 to $90/month. Cell phone bills cost around $200 monthly for a family.

Gas and Car Costs

Milton’s car dependency leads to high gas and auto costs. Gas prices currently average $1.64/litre. Plus insurance, maintenance and parking fees for one car can total $400+ per month.

Childcare

Full-time daycare averages $1,300/month for infants or $1,000 for toddlers. After-school care adds $400. Summer or March break camps cost $300+ weekly.

Food

Grocery bills run $150-$300 weekly for a family. Dining out 2-3 times a month at Milton restaurants tacks on $200 more.

Recreation

Activities like sports, dance classes, or gym memberships cost $150-300 monthly per child. Milton also charges user fees for facilities and programs.

Understanding the complete financial picture is key for families considering relocating. While housing takes the biggest bite, all aspects of living expenses add up when budgeting a Milton move. Performing a detailed cost of living analysis allows for informed decisions.

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