Cost of Living in Lincoln, DE
Housing
The housing market plays a significant role in determining the cost of living in Lincoln, DE.
- Housing Index: Data is updating
- Median Home Price is: $293,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Lincoln, DE? The housing index indicates [[place a contextual analysis for housing index, as ’0.0’ may require more investigation]] on property affordability. The median home price of 293000 reflects potential investment opportunities, likely showing a balanced market. However, the average rent for a 2-bedroom apartment and house is currently at zero, suggesting limited rental availability or an early-stage development area. It might reflect that homes are more often for sale than for rent. Research the local amenities, job market, and community development for a well-rounded decision!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lincoln, 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.): Data is updating
Living in Lincoln, 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 data unavailable 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 Lincoln is a financially viable option for your relocation.