Milford, DE vs New Castle, DE

There is a significant gap in the cost of living between these two cities. Milford is 16.3% cheaper than New Castle. With a cost index of 91 vs 108, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Milford to New Castle should plan for substantially higher expenses across most categories.

On the housing front, median rent in Milford is $1,182/month compared to $1,675/month in New Castle — a 29% difference. Interestingly, home values tell a different story: while Milford has cheaper rent, New Castle actually has lower median home values ($262,100 vs $274,600).

Median household income in Milford is $55,265 compared to $92,565 in New Castle (-40.3%). While New Castle is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Milford spend roughly 25.7% of their income on rent, more than the 21.7% in New Castle.