Cost of living
Milford, Delaware
(Milford is Located in Sussex County)
Cost of living in Milford, Delaware
Cost of living
compared to USA
the highest
Cost of living
compared to Delaware
high
Median household
income
low
Is it expensive to live in Milford, Delaware? When calculating the cost of living in Milford, Delaware we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Milford, Delaware is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Delaware, while median household income in Milford is $45,948 which is low Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Delaware.
Taxes in Milford, Delaware
The sales tax rate in Milford, Delaware is 0.0%. Last year, the average property taxes paid was 0.3% Milford, Delaware.
Here is the table with the State Income Taxes in the state of Delaware:
State Income Tax Brackets:
| Income Brackets(single): | Income Brackets(Married): | Delaware Income Tax Rate |
|---|---|---|
| $2,000 - $5,000 | $2,000 - $5,000 | 2.2% |
| $5,000 - $10,000 | $5,000 - $10,000 | 3.9% |
| $10,000 - $20,000 | $10,000 - $20,000 | 4.8% |
| $20,000 - $25,000 | $20,000 - $25,000 | 5.2% |
| $25,000 - $60,000 | $25,000 - $60,000 | 5.5% |
| >= $60,000 | >= $60,000 | 6.6% |
Housing costs in Milford, Delaware
The average cost of
a single-family home
compated to USA
high
The average cost of
a single-family home
compated to Delaware
moderate
In Milford, Delaware, 49.0% of the population owns their homes, while approximately 51.0% rent. The average cost of a single-family home in Milford, Delaware in 2023 is $323,904 which is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Delaware. The average one-bedroom apartment cost is approximately $832 per month.
| Rental Size | Monthly Cost | Compared to Delaware |
|---|---|---|
| 1 Bedroom | $832 | the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 2 Bedroom | $1,064 | the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 3 Bedroom | $1,429 | the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 4 Bedroom | $1,695 | the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
Utility Expenses for Occupied Housing Units per Month
Electric Bill
Gas Bill
Water and Sewer Bill
Expenses for Other House Heating Fuels
Mortgage status:
Housing units with a mortgage, contract to purchase, or similar debt 61%
Housing units without a mortgage 39%
Housing units without a mortgage 39%
Housing units with a mortgage, contract to purchase, or similar debt 61%
Housing units with multiple mortgages 6%
Housing units with no second mortgage and no home equity loan 94%
Home equity loan without a primary mortgage 0%
Mortgage, with only second mortgage 23%
Mortgage, with only home equity loan 77%
Mortgage with both second mortgage and home equity loan 0%
Gross rent as a percentage of household income in the past 12 months (dollars):
Year Structure Built
The dynamics of changes in housing prices
Pros and Cons of living in Milford, Delaware in reviews from users in their own words:
| Pros | Cons |
|---|---|
proximity to restaurants, activities, size of city | terrain is too flat, lacking wooded spaces, parks, too much traffic and population, would like more mountainous setting |
| See all Pros & Cons | |
| Pros |
|---|
proximity to restaurants, activities, size of city |
| Cons | |
|---|---|
terrain is too flat, lacking wooded spaces, parks, too much traffic and population, would like more mountainous setting | |
| See all Pros & Cons | |
Cities Near Milford, DE
Get detailed information on cities nearest to Milford, DE
Milford South, DE
Location data:
Low sales tax
Low property tax
Fast internet (mobile)
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