Milford Hourly Wage & Salary 2026
Milford, CT: $30.67/hr median hourly wage, $63,787 median annual salary, cost of living index 119.5, and $15.69/hr minimum wage. Calculate take-home pay with federal and Connecticut taxes.
Milford Hourly Wage Quick Answer
The median hourly wage in Milford, CT is $30.67/hr,equivalent to $63,787 per year at 2,080 work hours. Entry-level pay estimates around $19.02/hr, senior-level pay estimates around $43.55/hr, and the local minimum wage is $15.69/hr.
Median figures are Salario estimates: BLS OEWS does not publish a metropolitan-area wage series that covers Milford, CT.
Median Salary
$63,787
$30.67/hr
Cost of Living
119.5
US avg = 100
Minimum Wage
$15.69
per hour
Unemployment
4.3%
rate
Milford, CT Overview
Population
54,120
Median Salary
$63,787
Average Salary
$71,441
Avg Commute
20 min
Median Home Price
$347,000
Median Rent
$1,415/mo
Job Growth
+2.8%
Sales Tax
6.35%
Milford is located in Connecticut with a population of 54,120. The median annual wage across all occupations is $63,787 ($30.67/hour, Salario estimate), which is $12,807 above the national median of $50,980. The national median is the BLS OEWS May 2025 all-occupations median annual wage. The average commute time is 20 minutes, and the city has a job growth rate of +2.8%.
Milford Salary by Experience Level (2026)
Wage distribution in Milford, CT built around the $63,787 median salary (Salario estimate). Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile. The non-median rows are Salario estimates.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $39,548 | $19.02/hr | 0–2 years |
| Mid-Level (Median) | $63,787 | $30.67/hr | 3–7 years |
| Senior-Level | $90,578 | $43.55/hr | 8–15 years |
| Top 10% (90th Percentile) | $113,541 | $54.59/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) are Salario approximations of the typical all-occupations wage spread in BLS OEWS metro tables; only the median row is a published BLS value where BLS covers the metro, which is not the case here. Specific roles vary; see jobs by city for role-specific data.
Milford Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Milford, CT, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$50,675
$4,222.88/month · $1,949.02/biweekly · Effective Rate: 20.6%
Biweekly paycheck estimate: this salary equals about $1,949.02 take-home per paycheck after estimated Connecticut and federal taxes. For the 26-paycheck formula, three-paycheck months, and withholding examples, see the Biweekly Paycheck Calculator.
Gross Pay
$63,787
Federal Tax
-$5,474
State Tax
-$2,758
Local Tax
$0
FICA
-$4,880
Net Pay
$50,675
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,315.58 | $63,787.00 |
| Federal Income Tax | -$456.20 | -$5,474.44 |
| Connecticut State Tax (4.32% eff.) | -$229.86 | -$2,758.29 |
| Social Security (6.2%) | -$329.57 | -$3,954.79 |
| Medicare (1.45%) | -$77.08 | -$924.91 |
| Net Take-Home Pay | $4,222.88 | $50,674.56 |
Salary Comparison: Milford vs Other Cities
See how Milford's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Milford, CT | $63,787 | 119.5 | $53,378 |
| National Average | $50,980 | 100 | $50,980 |
| Trenton, NJ | $63,490 | 100 | $63,490 |
| Princeton, NJ | $63,490 | 155 | $40,961 |
| Pullman, WA | $63,486 | 111.5 | $56,938 |
| West Seneca, NY | $63,425 | 129.8 | $48,864 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Milford
Milford's cost of living index is 119.5 (national average = 100). Living in Milford is 19.5% more expensive than the national average.
Median Home Price
$347,000
Median Monthly Rent
$1,415
Annual Rent Cost
$16,980
Your Salary's Purchasing Power
Your $50,675 annual take-home pay in Milford has the purchasing power of approximately $42,405 in an average-cost US area. You would need to earn $76,225 in Milford to match a $63,787 salary in an average-cost city.
Top Industries in Milford
Milford's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $63,787.
Salary Tips for Milford Workers
- Maximize pre-tax deductions. With a top 6.99% state income tax rate, maximizing 401(k) contributions (up to $24,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Milford's top industries include Finance, Insurance, Healthcare. Targeting roles in these sectors can help you earn above the $63,787 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Other Cities in Connecticut
Naugatuck
New Britain
New Haven
Newington
Norwalk
Shelton
Southington
Stamford
Stratford
Torrington
Trumbull
Vernon
Methodology & Local Economy Data Sources
How we calculate Milford salary data: BLS OEWS does not publish a metropolitan-area series covering Milford, so the median and average salary here are Salario estimates built from state and regional wage references, not BLS survey values. The entry/senior/top-10% rows and paycheck estimate are Salario calculations built on that estimate. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Milford indexed at 119.5.
- Median salary: $63,787 annual, $30.67 hourly, Salario estimate.
- Tax burden reflects Connecticut 2026 state income tax brackets and standard deduction (top rate 6.99%) (no local income tax), sales tax (6.35%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Milford: 4.3%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Finance, Insurance, Healthcare, based on QCEW employment concentration data.
- Job growth: 2.8% projected through 2034, derived from BLS Employment Projections program for Connecticut.
- Housing context: median home price $347,000, median rent $1,415/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Milford, CT:
- BLS Occupational Employment and Wage Statistics (OEWS), metropolitan area salary data
- BLS Local Area Unemployment Statistics, Milford unemployment rate
- U.S. Census Bureau, Milford QuickFacts, population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW), county-level industry employment
- BLS Economy at a Glance, Connecticut, state economic indicators
- U.S. Bureau of Economic Analysis (BEA), local GDP and personal income data
- BLS Consumer Price Index (CPI-U), regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Milford's rapidly changing economy can shift these baselines, always verify with current job listings, employer offers, and recent Connecticut labor market reports for the most current figures.
Reviewed by Harlan Voss · Last updated September 17, 2026 · Wage figures: BLS OEWS May 2025 release (published May 2026) where available · Census data current as of latest releases
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Frequently Asked Questions
What is the hourly wage in Milford, CT?
The median hourly wage in Milford, CT is estimated at $30.67 per hour (Salario model; BLS does not publish a metropolitan-area series for this city). At a standard 2,080-hour work year, that equals about $63,787 per year. Entry-level workers are estimated around $19.02/hr, while senior-level workers are estimated around $43.55/hr before overtime, bonuses, or benefits.
What is the median salary in Milford, CT?
The median salary in Milford, CT is $63,787 per year, or $30.67 per hour (Salario estimate). The average salary is $71,441. This is $12,807 above the BLS national median of $50,980.
What is the cost of living in Milford, CT?
Milford's cost of living index is 119.5 (national average = 100), meaning it is 19.5% more expensive compared to the national average. The median home price is $347,000 and the median monthly rent is $1,415.
What are the best industries in Milford?
The top industries in Milford, CT include Finance, Insurance, Healthcare. The city has a job growth rate of 2.8% and an unemployment rate of 4.3%. Workers in these industries often earn above the city's median salary of $63,787.
How does Milford's salary compare to other cities?
Milford's median salary of $63,787 is 25.1% above the national median of $50,980. However, when adjusted for cost of living (index: 119.5), the real purchasing power is approximately $53,378.
What is the minimum wage in Milford, CT?
The minimum wage in Milford, CT is $15.69 per hour. This equals approximately $32,635 per year for a full-time worker (40 hours/week). This is $8.44 above the federal minimum wage of $7.25/hour.