Living in Milford, Delaware
Cost of living, income, home prices, rent and demographics of Milford · Census data 2020–2024
Milford has 12,803 residents with a median age of 41.9. The median household income is $59,464 (30% lower than the Delaware median), the median home value is $296,900, the median rent is $1,260/month.
Milford at a glance
- Population
- 12,803
- Median age
- 41.9State: 41.6
- Median household income
- $59,464State: $84,954
- Median home value
- $296,900State: $352,000
- Median rent
- $1,260/moState: $1,401
- Homeowners
- 51.3%
- Bachelor's degree or higher
- 27.6%
- Average commute
- 23 min
Is Milford a good place to live?
Pros: Home values 16% lower than the state median; an average commute of 23 minutes; unemployment of 5.1%.
Cons: Median household income 30% lower than the Delaware median; a poverty rate of 17.2%.
The weather is best in May–June and August–September.
Cost of living in Milford
Housing is the biggest part of the cost of living. In Milford the median home value is $296,900, 11% lower than the U.S. median. Renters pay a median of $1,260 per month, which is 31.3% of household income. Homeowners with a mortgage pay $1,644 a month in housing costs.
Milford median household income
The median household income in Milford is $59,464 and the income per person is $34,975. 17.2% of residents live below the poverty line (Delaware: 10.4%).
Housing in Milford: homes for sale and rent
- Housing units
- 5,911
- Owner-occupied
- 51.3%
- Renter-occupied
- 48.7%
- Vacant
- 5.9%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 2.26
Milford demographics
- Population
- 12,803
- Median age
- 41.9
- Under 18
- 23%
- 65 and older
- 23%
- Households
- 5,560
- Foreign-born
- 15.8%
- Veterans
- 9.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Milford ›
Education in Milford
27.6% of adults 25 and older in Milford have a bachelor's degree or higher (Delaware: 35.8%), and 9.3% have a graduate or professional degree.
Jobs and commute in Milford
- Unemployment rate
- 5.1%State: 5.1%
- Average commute
- 23 minState: 26 min
- Work from home
- 8.1%
- Drive alone
- 81.9%
- Public transit
- 0.7%
- Walk to work
- 1.4%
- Homes with broadband
- 87.3%
Milford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Milford | 12,803 | $59,464 | $296,900 | $1,260 |
| Lincoln | 1,873 | $107,690 | $262,100 | — |
| Houston | 456 | $68,889 | $310,900 | $867 |
| Slaughter Beach | 408 | $109,375 | $757,400 | — |
| Ellendale | 760 | $65,250 | $269,500 | $878 |
| Frederica | 1,062 | $80,924 | $215,100 | $1,203 |
| Harrington | 3,838 | $72,679 | $221,900 | $1,277 |
| Riverview | 2,596 | $93,162 | $319,900 | — |
| Bowers | 270 | $67,500 | $304,200 | $850 |
More for people moving to Milford
Milford ZIP code ›Weather and climate ›Living in Milford: FAQ
What is the median household income in Milford, DE?
The median household income in Milford is $59,464, 30% lower than the Delaware median of $84,954 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Milford?
The median home value in Milford is $296,900, compared with $352,000 in Delaware.
How much is rent in Milford?
The median gross rent in Milford is $1,260 per month, about 31.3% of household income.
Is Milford, DE a good place to live?
Pluses: home values 16% lower than the state median; an average commute of 23 minutes; unemployment of 5.1%. Minuses: median household income 30% lower than the Delaware median; a poverty rate of 17.2%.
What is the median age in Milford?
The median age in Milford is 41.9 years (Delaware: 41.6).
How long is the commute in Milford?
The average commute to work in Milford is 23 minutes; 8.1% of workers work from home.
What is the unemployment rate in Milford?
The unemployment rate in Milford is 5.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Milford?
27.6% of adults in Milford have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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