Cost of Living in Bear, DE
Housing
The housing market plays a significant role in determining the cost of living in Bear, DE.
- Housing Index: 110.0 / 100
- Median Home Price is: $320,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
In analyzing the data for Bear, DE, the housing index of 110.0 indicates a slightly higher than national average cost of living. The median home price stands at 320000, which may deter first-time homebuyers if they are on a tight budget. Meanwhile, average rents for a 2-bedroom apartment and house hover around 1800 and 1840 respectively, which may suit those preferring rental over ownership. Given these factors, potential residents should carefully weigh their long-term housing goals against current market conditions for optimal decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bear, DE.
- Electricity Price: $16.29 USD (median by state)
- Natural Gas Price: $17.77 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Bear, DE could entail higher utility costs. Electricity costs sit at $16.29, while natural gas is priced at $17.77 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bear is a financially viable option for your relocation.