When it comes to an affordable cost of living, Delaware consistently ranks among the top states on the eastern seaboard. Not only are the ample job opportunities; the cost of living in Delaware is more affordable when compared with other areas in the MidAtlantic.
Delaware’s low cost of living is driven largely by affordable housing prices and low property taxes. Three-quarters of Delaware’s homeowners spend less than $2,000 per month on housing, and about 85% of renter households in Delaware spend less than $1,500 per month on housing.
Did you know that Delaware’s property taxes are notably lower than the rest of the region, ranking among the lowest across the United States? In fact, while New Jersey has the highest property taxes in the country—and most northeastern states rank among the top 20 — Delaware has the sixth-lowest property taxes nationally, allowing residents to afford more square footage.
Delaware residents enjoy a median household income that’s eight percent higher than the national average, high-wage job opportunities in lucrative industries, a diverse range of affordable housing, and a low tax burden without state-level property taxes and sales tax.
The cost-of-living index for the Wilmington metro area is consistently lower than other urban markets on the East Coast, while the index for central and southern Delaware is consistently less than the U.S. average.