๐Ÿ’ฐ COL Index: 103 โ€” Near Avg Cost

Salaries in Milford, DE

What every job actually pays โ€” cost-of-living adjusted

Updated: February 2026 ยท 27 occupations ยท BLS + Census data

Avg. Salary
$57,519
across 27 roles
COL-Adjusted Avg
$55,844
real purchasing power
Top Paying Role
Software Developer
$128,405
1BR Rent
$1,236
median monthly

Hereโ€™s the thing about Milford: you can earn a six-figure salary here and still feel like youโ€™re living in a small town. The cityโ€™s top-paying job, a software developer, pulls in $128,405, yet youโ€™ll find them grabbing coffee at the same spots as the nurses and teachers. Itโ€™s a jarring mix of high-tech paychecks and a deeply local vibe.

Donโ€™t let the median household income of $55,265 fool you. With a cost of living index of 103.0โ€”just a hair above the national averageโ€”your dollar stretches, but only so far. That $1,236 monthly rent for a one-bedroom apartment eats up a bigger slice of a typical paycheck here than it might in a true bargain city. Itโ€™s not a steal, but for those earning above the median, itโ€™s certainly manageable.

Milfordโ€™s economy isnโ€™t powered by a single giant, but by a steady mix of healthcare, education, and skilled trades. Bayhealth Medical Center is a major anchor, keeping registered nurses in high demand and well-compensated at nearly $87,000. The local school district employs a chunk of the workforce, and the steady hum of construction and trade work keeps electricians busy and earning over $62,000. Itโ€™s a practical, resilient job market.

Hereโ€™s my honest take: wages here arenโ€™t exploding, but theyโ€™re not stagnant either. The COL-adjusted average salary of $55,844 means youโ€™re not falling behind, but youโ€™re not getting rich quick. This city works best for skilled professionalsโ€”like the accountants, software developers, and nurses who top the chartsโ€”or for couples who can combine incomes. For a single earner aiming for the middle class, itโ€™s a tight fit.

The data below breaks down exactly who wins in Milfordโ€™s economy and who might find the math a challenge.

๐Ÿ† Top 5 Highest-Paying Jobs in Milford

Ranked by raw salary. See COL-adjusted figures in the full table below.

๐Ÿฅ‡ +1% vs national

Software Developer

$128,405
๐Ÿ’ก COL-Adjusted $124,665
โฑ Hourly $61.73/hr
๐Ÿ“ˆ Job Growth +17.0%
๐Ÿฅˆ +1% vs national

Accountant

$86,854
๐Ÿ’ก COL-Adjusted $84,324
โฑ Hourly $41.76/hr
๐Ÿ“ˆ Job Growth +3.0%
๐Ÿฅ‰ +1% vs national

Registered Nurse

$86,844
๐Ÿ’ก COL-Adjusted $84,315
โฑ Hourly $41.75/hr
๐Ÿ“ˆ Job Growth +6.0%
4๏ธโƒฃ +1% vs national

Elementary School Teacher

$64,243
๐Ÿ’ก COL-Adjusted $62,372
โฑ Hourly $30.89/hr
๐Ÿ“ˆ Job Growth +3.0%
5๏ธโƒฃ +1% vs national

Electrician

$62,103
๐Ÿ’ก COL-Adjusted $60,294
โฑ Hourly $29.86/hr
๐Ÿ“ˆ Job Growth +3.0%

๐Ÿ“‹ Complete Salary Guide โ€” All 27 Occupations in Milford

COL-Adjusted Salary = Raw salary divided by the cost of living index (103/100). Higher = more real purchasing power. This city's COL is above the US average.

# Occupation โ†• Raw Salary โ†•
1 Software Developer $128,405
2 Accountant $86,854
3 Registered Nurse $86,844
4 Elementary School Teacher $64,243
5 Electrician $62,103
6 Real Estate Agent $62,033
7 Heavy Truck Driver $53,567
8 Marketing Manager $50,449
9 Medical Assistant $50,449
10 Paralegal $50,449
11 Financial Analyst $50,449
12 Welder $50,449
13 Police Officer $50,449
14 Project Manager $50,449
15 Graphic Designer $50,449
16 Data Analyst $50,449
17 Plumber $50,449
18 Carpenter $50,449
19 Physical Therapist $50,449
20 Human Resources Specialist $50,449
21 Nursing Assistant (CNA) $50,449
22 HVAC Technician $50,449
23 Pharmacist $50,449
24 Construction Manager $50,449
25 Firefighter $50,449
26 Web Developer $50,449
27 Dental Hygienist $50,449

Source: Bureau of Labor Statistics Occupational Employment Statistics. COL Index from C2ER/ACCRA.

๐Ÿ™๏ธ Living Costs in Milford

๐Ÿ 
1BR Rent
$1,236/mo
๐Ÿก
2BR Rent
$1,545/mo
๐Ÿ˜๏ธ
Median Home
$274,600
๐Ÿ“‰
Unemployment
4.0%
๐Ÿ’ณ
Median Income
$55,265
๐ŸŽ“
College Educated
30%
๐Ÿšถ
Walk Score
35/100
๐Ÿ“Š
Cost of Living
103
Near Avg Cost

๐Ÿงฎ Can You Afford to Live in Milford?

Use our Salary Reality Check to see if your specific income covers housing, taxes, and expenses in Milford. Enter your salary and see exactly how far your money goes.

โ“ Milford Salary FAQ

What is the average salary in Milford, DE?

โ–ผ
The average salary across 40 occupations in Milford is $57,519. This is slightly above the local median household income of $55,265. The cost of living index is 103.0, meaning salaries have 3% less purchasing power than the national average.

What jobs pay the most in Milford?

โ–ผ
The highest paying role in Milford is Software Developer at $128,405. This is more than double the average salary of $57,519. Only a few specialized tech and professional roles reach this level in the local market.

Is Milford affordable on a Software Developer salary?

โ–ผ
Yes, a $128,405 Software Developer salary is highly affordable in Milford. The 1BR rent is $1,236/month, which is only 11.6% of the gross monthly income. This leaves substantial room for savings and discretionary spending after housing.

How does Milford's cost of living affect my paycheck?

โ–ผ
Milford's cost of living index is 103.0, meaning your paycheck has 3% less purchasing power than the national average. The main driver is housing, with a 1BR rent of $1,236/month. However, salaries like the $57,519 average still provide a reasonable standard of living locally.

What salary do you need to live comfortably in Milford?

โ–ผ
A comfortable living salary in Milford is approximately $65,000 to $75,000. This allows for the 1BR rent of $1,236/month to be under 30% of gross income, plus savings and discretionary spending. This range is above the average salary of $57,519 but below the top tech salaries.

๐Ÿ“ Editor's Verdict: Is Milford Worth It?

Hereโ€™s my honest take: Milford isnโ€™t a gold rush, but itโ€™s a solid bet if youโ€™re strategic. With an average salary of $57,519 and a cost-of-living index just above the national average (103.0), youโ€™re not getting rich overnight, but your paycheck stretches further than in bigger coastal hubs. Rent at $1,236/month is manageable, especially if youโ€™re splitting costs.

The clear winners here? Tech workers, specifically Software Developers pulling in $128,405 ($124,665 adjusted). Healthcare and skilled trades can do well, but tech is where the money is. If youโ€™re in another field, youโ€™ll need to negotiate hard or commute.

My advice: If youโ€™re considering the move, lock down a remote-friendly tech job or a local developer role before you pack. Donโ€™t move here on a hope and a prayerโ€”come with a plan, and Milford can work in your favor.

Explore Milford Further