Like everywhere else in America (and the world!) there are both good and bad things to keep in mind when it comes to the cost of living, salaries, and affordability in Delaware. If you’re in the middle of deciding to move or if you’re faced with choosing whether or not you should stay for the long haul, we have the information you need. Unlike some other states, you’ll probably be pleased with what we’ve found through Movoto.
The good news is that Delaware’s cost of living is significantly lower than the other states on the east coast.
leecannon / Flickr Part of what makes things easier is the lack of sales tax. Though some items cost more in the Diamond State, the luxury of not having to worry about sales tax certainly compensates.
In fact, the lower cost of living here has helped Delaware have the 4th highest rate of homeownership in the country.
dougtone / Flickr So far, moving to Delaware seems like an attractive idea. It’s beautiful, the people are kind and you can’t deny the savings.
Before you make any move, you’ll want to consider what might make the cost of living different for you compared to others.
rhodeislander / Flickr For instance, if you have a particular need for a certain size house you’ll want to make sure there are homes in your budget. Or if you work from home, you’ll want to make sure you can afford the cost of internet or a co-working space.
The average income in Delaware is almost $55,000. That’s nearly $2,500 higher than the national average!
lindseywb / Flickr A common method of comparison is the Consumer Price Index, or CPI. This index takes into account factors like the use of housing, medical care, education, and food. Delaware’s CPI is 242. That’s 4% better than the national average!
One thing to keep in mind, however, is that Delaware has a low cost of living compared to other states in the region, but nationally it is still about 13% higher than average.
SachinDaluja / Flickr
Folks generally consider the housing market here to be good, meaning you can find what you need at a price you like. But you’ll need to make wise choices about where you’ll be living.
iip-photo-archive / Flickr Areas like Greenville will likely always be expensive, while places like Wilmington or Dover might be easier to swing.
Not sure you’re ready to commit? Rents here in Delaware are considered fairly lower compared to neighboring states.
pavdw / Flickr That means you can feel out the waters here before deciding that you’ll stay.
With all of this in mind, it’s important to remember that the cost of living is increasing nationwide.
ojbyrne / Flickr However, housing costs appear to be lowering. That’s either a good thing or a bad thing depending on whether you’re on your way in or on your way out of the Diamond State.
Either way, life here in Delaware is lovely. And to many, the cost of living is just one of the things they love most.
What’s your experience. Tell us, are you living comfortably in Delaware right now? Do you think living here is worth the cost for your friends and family? We’d love to hear your opinions in the comments below. Need a few reasons to remind yourself why Delaware is always worth it? Click here!
leecannon / Flickr
Part of what makes things easier is the lack of sales tax. Though some items cost more in the Diamond State, the luxury of not having to worry about sales tax certainly compensates.
dougtone / Flickr
So far, moving to Delaware seems like an attractive idea. It’s beautiful, the people are kind and you can’t deny the savings.
rhodeislander / Flickr
For instance, if you have a particular need for a certain size house you’ll want to make sure there are homes in your budget. Or if you work from home, you’ll want to make sure you can afford the cost of internet or a co-working space.
lindseywb / Flickr
A common method of comparison is the Consumer Price Index, or CPI. This index takes into account factors like the use of housing, medical care, education, and food. Delaware’s CPI is 242. That’s 4% better than the national average!
SachinDaluja / Flickr
iip-photo-archive / Flickr
Areas like Greenville will likely always be expensive, while places like Wilmington or Dover might be easier to swing.
pavdw / Flickr
That means you can feel out the waters here before deciding that you’ll stay.
ojbyrne / Flickr
However, housing costs appear to be lowering. That’s either a good thing or a bad thing depending on whether you’re on your way in or on your way out of the Diamond State.
Either way, life here in Delaware is lovely. And to many, the cost of living is just one of the things they love most.
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