Milton, DE is a small town located in the northern part of Delaware. It has a population of around 2,800 people and is known for its charming historic district. In Milton, DE the average rent for a 2 bedroom apartment is much lower than the US average at $1,140 a month compared to $1,430 per month nationally. Additionally, Milton also has a grocery cost index of 108 versus 100 in the US which indicates that groceries are slightly more expensive than average in this area.
Milton is home to several local businesses including Old Dominion Furniture Company, The Wheelhouse Pub & Eatery, and Wildfowler Outfitters. All three companies have been locally owned and operated since their founding and contribute heavily to the Milton economy. Old Dominion Furniture Company specializes in producing handcrafted furniture pieces with over 40 years of experience while The Wheelhouse Pub & Eatery offers delicious food items as well as an extensive beer menu. Wildfowler Outfitters provides top-of-the-line outdoor apparel for hunters and fishermen alike throughout the region.
Milton has an unemployment rate of 6.4%. The US average is 6.0%.
Milton has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Milton
- The Sales Tax Rate for Milton is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Milton is 6.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Milton
- The average income of a Milton resident is $26,963 a year. The US average is $28,555 a year.
- The Median household income of a Milton resident is $59,531 a year. The US average is $69,021 a year.