Elsmere, DE vs Milford, DE

Elsmere, DE and Milford, DE have a very similar cost of living, with only a 2.3% difference in their overall index. Elsmere scores 93 while Milford scores 91 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Elsmere is $1,305/month compared to $1,182/month in Milford — a 10% difference. Interestingly, home values tell a different story: while Milford has cheaper rent, Elsmere actually has lower median home values ($210,200 vs $274,600).

Median household income in Elsmere is $76,378 compared to $55,265 in Milford (+38.2%). While Elsmere is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elsmere spend roughly 20.5% of their income on rent, less than the 25.7% in Milford.