Living in Milford, Delaware in 1996 can be an ideal place to call home due to its low 2 bedroom rent rate of $1,130 versus the US average of $1,430, as well as the grocery cost index of 105 when compared to the US average of 100. Notable local companies include Mountaire Farms, a poultry processing plant that has been in operation since 1916; Carlisle Interconnect Technologies Inc., which manufactures electrical wiring and cable assemblies; and T.S. Smith & Sons, a family-owned farm that has been around for over one hundred years.
Milford (zip 19963) has an unemployment rate of 6.4%. The US average is 6.0%.
Milford (zip 19963) has seen the job market decrease by -6.0% 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 (zip 19963)
- The Sales Tax Rate for Milford (zip 19963) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Milford (zip 19963) 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 (zip 19963)
- The average income of a Milford (zip 19963) resident is $32,468 a year. The US average is $37,638 a year.
- The Median household income of a Milford (zip 19963) resident is $58,987 a year. The US average is $69,021 a year.