| Index | Hockessin | Delaware | National |
| Cost of living | 141 | 107 | 100 |
| Groceries | 100 | 99 | 100 |
| Health care | 101 | 100 | 100 |
| Housing | 237 | 123 | 100 |
| Transportation | 100 | 99 | 100 |
| Utilities | 100 | 102 | 100 |
| Lifestyle & Entertainment | 102 | 102 | 100 |
| Household Items | 100 | 100 | 100 |
| Education & Childcare | 103 | 99 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Hockessin? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Hockessin stands at 141, making it 41% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Hockessin is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Hockessin falls into this category, which may not align with your goal of finding a budget-friendly living environment.
Housing costs make up a big chunk of the cost of living in Hockessin, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 137.1% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is Hockessin affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Hockessin, for instance, where the median home price falls 154.1% higher than the national average, and monthly rent rates are 97.6% higher than usual. Additionally, median income levels contribute to the equation, with Hockessin flaunting a median household income of $231,952, 185.2% higher than the national norm.
Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Hockessin, the baseline sales tax rate begins at 0%, and income tax rates start at 2.2%.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Hockessin, healthcare costs are 0.6% higher than the national average.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Hockessin, is 137.1% higher than the national average.
The cost of living data for Hockessin shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $246,128 | $20,511 | $5,743 | $7,385 |
| Renters | $78,538 | $6,545 | $1,832 | $2,356 |
| State | General Sales Tax | With Max Surtax |
| Delaware | 0% | 0% |
| State | Income Tax (Low) | Income Tax (High) |
| Delaware | 2.2% | 6.6% |
| City | Population | Cost of Living Index | National Avg. |
| Lincoln University, PA | 1,902 | 100 | 0.5% |
| Cheyney University, PA | 198 | 99 | 0.8% |
| Salem, NJ | 4,860 | 85 | 15.1% |
| Westwood, PA | 1,669 | 86 | 14.1% |
| Marcus Hook, PA | 2,381 | 87 | 12.6% |
| Hockessin, DE | 14,708 | 141 | 41.5% |
| City | Population | Cost of Living Index | National Avg. |
| Princeton Meadows, NJ | 14,708 | 153 | 53.1% |
| Hopatcong, NJ | 14,711 | 123 | 22.7% |
| Port Orchard, WA | 14,715 | 131 | 31.1% |
| West Nipissing / Nipissing Ouest, ON | 14,724 | n/a | |
| East Milton, FL | 14,691 | 93 | 6.6% |
| Hockessin, DE | 14,708 | 141 | 41.5% |
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