Hockessin, DE Cost Of Living
Cost Of Living In Hockessin, DE Summary
Cost of living in Hockessin 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 Hockessin 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 Hockessin is 141, with 100 being the average.
The cost of living index in Hockessin is 1.4x higher than the national average.
Hockessin ranks as the #17 cheapest in Delaware out of 18.
Hockessin ranks as the #5,616 cheapest out of 6,412 in the US.
The median home value in Hockessin is $460,800.
The median income in Hockessin is $158,036.
Table Of Contents
Hockessin's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Hockessin, DE?
According to the most recent data on the cost of living, Hockessin has an overall cost of living index of 141, which is 1.4x higher than the national index of 100.
Compared to Delaware, Hockessin has a cost of living index that's 1.4x higher than Delaware's index of 103.
The standard of living in Hockessin ranks as #17 most affordable out of the 18 places we measured in Delaware. By definition, that implies Hockessin ranks as the #1 most expensive place in the First State.
For more reading on life in Hockessin, check out:
- Living In Hockessin
- Search Homes For Sale In Hockessin, DE
In Delaware
In America
Hockessin Cost Of Living Vs. Delaware
Six factors go into calculating the cost of living index in Hockessin. Here is how it fairs on each of the criteria:
The Services index in Hockessin is 111.
The Groceries index in Hockessin is 125.
The Health index in Hockessin is 113.
The Housing index in Hockessin is 216.
The Transportation index in Hockessin is 114.
The Utilities index in Hockessin is 87.
| Living Expense | Hockessin | Delaware | National Average | |
|---|---|---|---|---|
| Overall | 141 | 103 | 100 | |
| Services | 111 | 105 | 100 | |
| Groceries | 125 | 103 | 100 | |
| Health | 113 | 104 | 100 | |
| Housing | 216 | 101 | 100 | |
| Transportation | 114 | 109 | 100 | |
| Utilities | 87 | 95 | 100 | |
Hockessin, 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 Hockessin is $460,800.
The Median Rent in Hockessin is $2,212.
The Median Income in Hockessin is $158,036.
The Home Value To Income in Hockessin is 2.9x.
The Rent To Monthly Income in Hockessin is 0.17x.
| Statistic | Hockessin | Delaware | United States |
|---|---|---|---|
| Median Home Value | $460,800 | $269,700 | $244,900 |
| Median Rent | $2,212 | $1,199 | $1,163 |
| Median Income | $158,036 | $72,724 | $69,021 |
| Home Value To Income | 2.9x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Hockessin, DE Costs By Category
Detailed Hockessin Services Costs Vs. Delaware
Detailed Hockessin Groceries Costs Vs. Delaware
Detailed Hockessin Health Costs Vs. Delaware
Detailed Hockessin Transportation Costs Vs. Delaware
Detailed Hockessin Utilities Costs Vs. Delaware
Hockessin SnackAbility
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Cost Of Living In Cities Around Hockessin
The cost of living varies in the cities and towns around Hockessin. Here's a quick look at the cost of living in the most populous nearby places:
West Chester, PA has a cost of living index of 124, 0.9x Hockessin.
Coatesville, PA has a cost of living index of 101, 0.7x Hockessin.
Pike Creek Valley, DE has a cost of living index of 116, 0.8x Hockessin.
| City | Population | Cost Of Living | Vs. Hockessin |
|---|---|---|---|
| West Chester, PA | 18,592 | 124 | 0.9x |
| Coatesville, PA | 13,306 | 101 | 0.7x |
| Pike Creek Valley, DE | 11,718 | 116 | 0.8x |
| Woodlyn, PA | 10,332 | 106 | 0.8x |
| Village Green-Green Ridge, PA | 8,592 | 112 | 0.8x |
| Brookhaven, PA | 8,243 | 112 | 0.8x |
| North Star, DE | 8,009 | 143 | 1.0x |
| Pike Creek, DE | 7,398 | 131 | 0.9x |
| Ridley Park, PA | 7,131 | 112 | 0.8x |
| Lionville, PA | 6,662 | 121 | 0.9x |
