States › Delaware › Milford

Is Milford, DE expensive to live in?

OKRent takes 22 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,19832% lower than U.S. average
💵 Families earn per year (2026)$64,132about $5,344/month · 26% lower than U.S. average
🔑 House price$296,90011% lower than U.S. average

Rent is lower than in 76% of U.S. cities. A typical house costs about 4.6 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $47,920 a year. That is $23 an hour at a full-time job.

Is rent cheaper than other Delaware cities?

Yes. Rent here is cheaper than in most of Delaware. It is number 1 of 20 cities from cheapest to most expensive.

Milford
$1,198
Smyrna
$1,669
Pike Creek Valley
$1,881
Hockessin
$3,500+
Brookside
$1,519
Glasgow
$2,266
Claymont
$2,720

How much do households earn in Milford?

Under $25k
18.5%
$25k–50k
30.1%
$50k–100k
33.6%
$100k–150k
12.0%
$150k+
3.6%

Share of households by yearly income. 15.6% of households earn $100,000 or more.

Rent by apartment size in Milford

SizeMilfordU.S. average
1 bedroom$565$1,324
2 bedrooms$1,345$1,509
3 bedrooms$1,698$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Milford overall?

Everyday prices in Delaware overall are same as the U.S. average (index 99.8, U.S. = 100).

Housing
102
Goods (food, clothes…)
96
Utilities
104
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Milford, so the Delaware figure is shown.

Taxes and bills in Milford

🏛️ Property tax$1,493a year · 0.50% of home value · U.S. $3,119
⚡ Electric bill$168a month (typical) · U.S. $156

Life in Milford

Commute to work23.3 minU.S.: 26.4 min
College degree27.6%U.S.: 35.7%
Own their home51.3%U.S.: 65.2%
Below poverty line17.2%U.S.: 12.5%
Unemployment5.1%U.S.: 5.2%

Is it cheaper to rent or buy in Milford?

Renting is cheaper right now: about $862 a month less.

Renting
$1,198
Owning
$2,060

Owning assumes a typical $296,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $29,690 for the down payment.

Frequently asked questions

What is the average rent in Milford, DE?

Renting in Milford costs a median of about $1,198 a month in 2026, including utilities. The Delaware median is $1,693.

How much do I need to make to live in Milford?

To keep rent under 30% of income, you need about $47,920 a year, or $23 an hour at a full-time job.

Is Milford cheap or expensive?

Milford is rated OK: rent takes 22.4% of the typical household income of $64,132. It ranks 1st cheapest of 20 Delaware cities we track.

How much are property taxes in Milford?

The median homeowner in Milford pays $1,493 a year in property taxes, about 0.50% of the median home value.

Is Milford more expensive than the national average?

Overall prices in Delaware are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Milford?

The median home value in Milford is $296,900, about 4.6 times the typical yearly household income.

12,803 people live in Milford. Numbers are typical (middle) values.