Cost of Living in Dagsboro, DE
Housing
The housing market plays a significant role in determining the cost of living in Dagsboro, DE.
- Housing Index: 115.0 / 100
- Median Home Price is: $335,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
In Dagsboro, DE, the housing market reflects a moderate cost of living, with a housing index of 115.0. The median home price of 335000 suggests buying a home here would require a significant upfront investment. For renters, the average monthly rent for a 2-bedroom apartment is 1800, while a 2-bedroom house costs slightly more at 1840. It's essential to compare these figures with income and job opportunities in the area. Overall, consider your long-term plans, as market conditions can evolve rapidly.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Dagsboro, 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 Dagsboro, 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 Dagsboro is a financially viable option for your relocation.