Georgetown, DE vs Milford, DE

Milford is moderately more affordable than Georgetown, with a 6.2% lower cost of living index. Georgetown scores 96 compared to 91 for Milford, where the US average is 100. This difference means residents of Georgetown can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Georgetown is $1,333/month compared to $1,182/month in Milford — a 13% difference. Interestingly, home values tell a different story: while Milford has cheaper rent, Georgetown actually has lower median home values ($266,100 vs $274,600).

Median household income in Georgetown is $47,423 compared to $55,265 in Milford (-14.2%). Milford offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Georgetown spend roughly 33.7% of their income on rent, more than the 25.7% in Milford. The Milford ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.