Cost of Living in Milford, DE
Population 12,193 · Delaware · Data vintage 2023
(100 = US avg)
Milford is a smaller Delaware community of around 12000 residents, where median household incomes of $55,265 and housing costs ($275,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Around 20% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.
Geographically, Milford is about 70 miles east of Baltimore, the nearest large metro. Median home values run roughly 25% higher than Baltimore's $219,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Milford
The median home value in Milford is $274,600 — 10% below the national median of $305,000. Median rent runs $1,182/month, 10% lower than the national median of $1,314/month. The median household income of $55,265/year is 26% lower than the US median of $74,580. The local unemployment rate is 5.6%, above the national average of 4.8%. Delaware's top state income tax rate is 6.6% and the combined sales tax is 0.0%. Overall, Milford has a cost of living index of 90 versus the US average of 100, meaning it is 10% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Milford, DE?
Milford has a cost index of 90 (100 = national average). It is 10% below the national average.
What is average rent in Milford, DE?
The median gross rent in Milford is $1,182 per month based on 2023 Census data.
What is the average home price in Milford?
The median home value in Milford is $274,600 according to Zillow and Census data.
What is the median income in Milford?
The median household income in Milford is $55,265 per year (2023 ACS 5-year estimates).
What is the sales tax in Milford, DE?
The combined state and local sales tax rate in Milford is 0.0%. The Delaware state income tax top rate is 6.6%.
Is Milford, DE affordable?
Milford is near the national average in terms of cost of living, with an index of 90 (100 = US average).
Milford at a Glance
- Population
- 12,193
- Median Income
- $55,265
- Home Value
- $274,600
- Median Rent
- $1,182/mo
- Unemployment
- 5.6%
- Sales Tax
- 0.0%
Nearby Cities
Explore county-level cost of living data
Delaware Rankings
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