Milford, DE is a charming town located on the Mispillion River in Kent County. It's known for its historic downtown area, which is full of boutiques, restaurants, and small businesses. Rent for a two-bedroom apartment in Milford is $1,130 per month, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Milford is 105 compared to the national average of 100, indicating that living costs are slightly higher than other towns. Popular attractions in Milford include the Little Creek Wildlife Area and Silver Lake Park. Notable companies located in Milford include Walmart Distribution Center and Pioneer Steel Company.
Milford has an unemployment rate of 6.4%. The US average is 6.0%.
Milford 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 Milford
- The Sales Tax Rate for Milford is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Milford 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 Milford
- The average income of a Milford resident is $25,084 a year. The US average is $28,555 a year.
- The Median household income of a Milford resident is $47,849 a year. The US average is $69,021 a year.