Bear, DE Cost Of Living
Cost Of Living In Bear, DE Summary
Cost of living in Bear research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Bear is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Delaware, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Bear is 109, with 100 being the average.
The cost of living index in Bear is 1.1x higher than the national average.
Bear ranks as the #9 cheapest in Delaware out of 18.
Bear ranks as the #4,038 cheapest out of 6,412 in the US.
The median home value in Bear is $238,200.
The median income in Bear is $79,981.
Table Of Contents
Bear's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Bear, DE?
According to the most recent data on the cost of living, Bear has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to Delaware, Bear has a cost of living index that's 1.1x higher than Delaware's index of 103.
The standard of living in Bear ranks as #9 most affordable out of the 18 places we measured in Delaware. By definition, that implies Bear ranks as the #9 most expensive place in the First State.
For more reading on life in Bear, check out:
- Living In Bear
- Search Homes For Sale In Bear, DE
In Delaware
In America
Bear Cost Of Living Vs. Delaware
Six factors go into calculating the cost of living index in Bear. Here is how it fairs on each of the criteria:
The Services index in Bear is 110.
The Groceries index in Bear is 123.
The Health index in Bear is 115.
The Housing index in Bear is 109.
The Transportation index in Bear is 113.
The Utilities index in Bear is 85.
| Living Expense | Bear | Delaware | National Average | |
|---|---|---|---|---|
| Overall | 109 | 103 | 100 | |
| Services | 110 | 105 | 100 | |
| Groceries | 123 | 103 | 100 | |
| Health | 115 | 104 | 100 | |
| Housing | 109 | 101 | 100 | |
| Transportation | 113 | 109 | 100 | |
| Utilities | 85 | 95 | 100 | |
Bear, DE Housing Cost Breakdown
Housing swings affordability the most between places in Delaware, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Bear is $238,200.
The Median Rent in Bear is $1,458.
The Median Income in Bear is $79,981.
The Home Value To Income in Bear is 3.0x.
The Rent To Monthly Income in Bear is 0.22x.
| Statistic | Bear | Delaware | United States |
|---|---|---|---|
| Median Home Value | $238,200 | $269,700 | $244,900 |
| Median Rent | $1,458 | $1,199 | $1,163 |
| Median Income | $79,981 | $72,724 | $69,021 |
| Home Value To Income | 3.0x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Bear, DE Costs By Category
Detailed Bear Services Costs Vs. Delaware
Detailed Bear Groceries Costs Vs. Delaware
Detailed Bear Health Costs Vs. Delaware
Detailed Bear Transportation Costs Vs. Delaware
Detailed Bear Utilities Costs Vs. Delaware
Bear SnackAbility
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Cost Of Living In Cities Around Bear
The cost of living varies in the cities and towns around Bear. Here's a quick look at the cost of living in the most populous nearby places:
Newark, DE has a cost of living index of 117, 1.1x Bear.
Elkton, MD has a cost of living index of 110, 1.0x Bear.
Glasgow, DE has a cost of living index of 120, 1.1x Bear.
| City | Population | Cost Of Living | Vs. Bear |
|---|---|---|---|
| Newark, DE | 31,393 | 117 | 1.1x |
| Elkton, MD | 15,724 | 110 | 1.0x |
| Glasgow, DE | 15,342 | 120 | 1.1x |
| Brookside, DE | 14,202 | 109 | 1.0x |
| Hockessin, DE | 13,464 | 141 | 1.3x |
| Pennsville, NJ | 12,093 | 103 | 0.9x |
| Pike Creek Valley, DE | 11,718 | 116 | 1.1x |
| Wilmington Manor, DE | 8,212 | 106 | 1.0x |
| Carneys Point, NJ | 8,091 | 106 | 1.0x |
| North Star, DE | 8,009 | 143 | 1.3x |
