Milford — Financial Data

12,193 Population FY 2023

Beta: source-backed tax context only. This is not a personalized tax-burden estimate.

Current source-backed tax context for Delaware and Milford.

Component	Summary	Effective	Coverage	Sources
DE state personal income tax	Delaware uses bracketed state income-tax rates from 2.2% to 6.6% (top bracket over $60,000).	Taxable years beginning after December 31, 2013.	Rate missing	30 Del. C. § 1102
DE state sales tax base	Delaware does not impose a state or local sales tax; it instead imposes gross-receipts taxes.	Current Division of Revenue guidance (accessed April 18, 2026).	Rate missing	Gross receipts taxes (Step 4); Exemption certificates
DE property tax policy (county/local levies; no statewide rate)	Property-tax authority is county/local by statute; no single statewide property-tax rate is listed here.	Current code text (accessed April 18, 2026).	Needs review	9 Del. C. § 8101
ACS owner-occupied median property tax Best current homeowner-bill proxy for this Census geography; reported bills can include state, county, municipal, and applicable local real-estate tax layers.	$1,486 ACS median real-estate taxes paid by owner-occupied housing units.	ACS2023	Source observation available	Milford Census ACS 5-Year Estimates 2023

Community Profile

Census Bureau ACS 5-year estimates

20.3% Poverty Rate 2023

30.0% Bachelor's+ Rate 2023

5.6% Unemployment Rate 2023

46.5% Homeownership Rate 2023

Median Household Income

$55,265 (2023)

2010 2023

Per Capita Income

$35,066 (2023)

2010 2023

Median Home Value

$274,600 (2023)

2010 2023

Median Gross Rent

$1,182 (2023)

2010 2023

Median Age

41.4 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.5 (2023)

2010 2023

Financial Documents (13)

Year	Title	Type
2023	Milford Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2022	Milford Census ACS 5-Year Estimates 2022	US_CENSUS_ACS5
2021	Milford Census ACS 5-Year Estimates 2021	US_CENSUS_ACS5
2019	Milford Census ACS 5-Year Estimates 2019	US_CENSUS_ACS5
2018	Milford Census ACS 5-Year Estimates 2018	US_CENSUS_ACS5

Governance & Structure

Governance Structure

School Details

Not applicable for this entity type.