Milford, DE
Population 12,193 · Delaware
About Milford, DE
Milford is a mid-sized city located in Delaware with a population of 12,193 residents according to the latest US Census Bureau American Community Survey data. The median household income is $55,265 per year, which is 26% below the national median of $75,149. The median age of 41.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Milford features a median home value of $274,600, which is 12% above the national median of $244,900. This positions Milford in a moderately priced market relative to the rest of the country. Median monthly rent is $1,182, 2% above the national average of $1,163/month. Of the 5,571 total housing units, 46% are owner-occupied (2,454 units) and 54% are renter-occupied (2,825 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Milford shows an unemployment rate of 5.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.3%, above the national average of 12.4%. Workers in Milford have an average one-way commute time of 23.5 minutes.
Education & Demographics
30.0% of Milford residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 5.6% White, 1.2% Hispanic or Latino, 2.4% Black or African American, and 6.8% Asian residents, with 18.2% of the population being foreign-born.
How Milford Ranks in Delaware
Cost of Living in Milford, DE
Compared to national averages, Milford has a median household income of $55,265 (26% below the national median of $75,149). Home values average $274,600, which is 12% above the national median. Monthly rent at $1,182 is 2% above the US average of $1,163. Within Delaware, Milford's income is 36% below the state average of $85,962, and home values are 29% below the state median of $387,860.
Why Live in Milford, DE?
Milford offers short commute times averaging just 23.5 minutes.
Potential considerations include median household income ($55,265) that falls below the national average. However, Milford’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Milford has a population of 12,193 with a median age of 41.4 years. Compare Milford with other cities to see how it stacks up, or explore all cities in Delaware.
Similar Cities Near Milford
Cities in Delaware with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pike Creek Valley | 11,992 | $93,896 | $299,500 | Compare |
| Smyrna | 13,031 | $70,473 | $273,400 | Compare |
| Hockessin | 13,608 | $172,695 | $550,200 | Compare |
| Claymont | 9,543 | $75,808 | $262,900 | Compare |
| Brookside | 15,262 | $72,031 | $264,800 | Compare |
| Glasgow | 16,095 | $109,803 | $346,200 | Compare |
| Seaford | 8,255 | $51,120 | $223,700 | Compare |
| North Star | 8,178 | $167,664 | $566,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Delaware
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Milford With Other Cities
Frequently Asked Questions about Milford
What is the population of Milford, DE?
The population of Milford, DE is 12,193 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Delaware.
What is the median household income in Milford?
The median household income in Milford, DE is $55,265 per year, which is 26% below the national median of $75,149.
What is the median home value in Milford?
The median home value in Milford, DE is $274,600, which is 12% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Milford?
The median monthly rent in Milford, DE is $1,182, which is 2% above the national average of $1,163/month.
What is the unemployment rate in Milford?
The unemployment rate in Milford, DE is 5.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Milford, DE a good place to live?
Milford offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 12,193 and a median age of 41.4, the city appeals to a broad range of residents.
How educated is Milford, DE?
30.0% of residents in Milford aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Milford?
Key cost-of-living indicators for Milford, DE: median home value is $274,600 (12% above national), median rent is $1,182/month, and median household income is $55,265. The home-value-to-income ratio is 5.0x, a moderate figure by national standards.
What is the poverty rate in Milford?
The poverty rate in Milford, DE is 20.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Milford, DE?
Milford's population is 5.6% White, 1.2% Hispanic or Latino, 2.4% Black or African American, 6.8% Asian, and 24.7% two or more races. 18.2% of residents are foreign-born.