Claymont cost of living index

A general summary of the cost of living index in Claymont, DE is shown above. Compared to the state average of Delaware the cost of living index in Claymont, DE is 106, which is 3% lower than the average in Delaware and compared to the national average it is 6% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Claymont, DE goods and services come in at 3% higher than the average in Delaware and are 10% higher than compared to the nationwide average.

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Salary Calculator

Use the salary calculator to compare your current income in Claymont, DE to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Claymont, DE, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Claymont, DE salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Claymont, DE as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Claymont, DE homeowners, is $67,672. This would allow for a maximum of $1,579 per month to be spent on housing costs. For renters, the median monthly income is $36,381 which would result in a maximum of $849 to be spent on rental costs.

Delaware Sales Tax

Delaware Income Tax

When you are determining the total cost of living in Claymont, DE you will want to make sure you consider both the Delaware sales tax and the Delaware income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Delaware is 0%, with the highest surtax being 0%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Delaware have a range from 2.2% to 6.6%.

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

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Source: The Claymont, DE cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.