Cost of Living in Hockessin, DE
Housing
The housing market plays a significant role in determining the cost of living in Hockessin, DE.
- Housing Index: 115.0 / 100
- Median Home Price is: $365,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
Considering a move to Hockessin, DE? The housing data shows a median home price of 365000, which may indicate gradual price stability as the housing index is at a neutral point (115.0). While no rental prices are listed, it's important to research local rental markets as rents can vary significantly. Bear in mind that homeownership could potentially offer more long-term financial stability if prices remain steady. Ensure to weigh additional factors like job opportunities, community amenities, and local schools to make an informed decision about your move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hockessin, 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 Hockessin, 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 Hockessin is a financially viable option for your relocation.