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Cost of Living in Milton, DE

Population: 3,469 | Delaware

107
Cost of Living Index
US Average = 100

Milton is 7% more expensive than the national average.

106
Housing
124
Home Values
97
Regional Price

Cost of Living in Milton, DE: What You Need to Know

With a cost of living index of 107, Milton, DE is somewhat more expensive than average. Living here is 7% more expensive than the national average and in line with the Delaware state average. Milton is a small community of 3,469 residents.

Housing costs are the biggest factor in Milton's cost of living. The median monthly rent is $1,398 (6% above the US median of $1,319), and the median home value sits at $376,600 (24% above the national median of $304,900). At current prices, the median home costs roughly 5.8x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Milton is $64,906, which is 14% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.

Income

Median Household Income
$64,906
vs US Median ($75,149)
-14%

Housing

Median Rent
$1,398/mo
Median Home Value
$376,600
Median Monthly Housing Cost
$1,021/mo
→ Best Places to Live in Delaware (2026)

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