Cost of Living in Wilmington, DE
Housing
The housing market plays a significant role in determining the cost of living in Wilmington, DE.
- Housing Index: 120.0 / 100
- Median Home Price is: $246,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1920 per month
Considering a move to Wilmington, DE? The housing index here stands at 120.0, indicating a higher-than-average cost of living. With a median home price of 246000, purchasing property may be a significant investment. Meanwhile, renting offers options, with the average rent for a 2-bedroom apartment at 1800 and for a 2-bedroom house at 1920. Factors like local employment opportunities, school quality, and community amenities should be considered as well to fully gauge value and suitability for your lifestyle.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Wilmington, 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 Wilmington, 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 Wilmington is a financially viable option for your relocation.