Pike Creek Valley, DE Cost Of Living

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Pike Creek Valley cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Pike Creek Valley	Delaware	National
Cost of living index	118	114	100
Index	Pike Creek Valley	Delaware	National
Goods & Services index	119	116	100
Groceries index	123	121	100
Health care index	112	100	100
Housing index	128	121	100
Transportation index	110	104	100
Utilities index	84	93	100

Displayed above is a general overview of the Pike Creek Valley, DE cost of living index. The overall cost of living index in Pike Creek Valley, DE is 118, which is 3% higher than the Delaware average and 18% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Pike Creek Valley, DE are 3% higher than the Delaware average and 19% higher than the national average.

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Did you know?

The cost of living in Pike Creek Valley is 3% higher than the Delaware average.
The cost of living in Pike Creek Valley is 18% higher than the national average.
The cost of housing in Pike Creek Valley is 28% higher than the national average.
Delaware general sales tax is 100% lower than the national average.
Delaware state income tax is 1% lower than the national average.

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Compare Pike Creek Valley, DE Cost of living To Other Cities

Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is used in order to provide a comparison of your current salary in Pike Creek Valley, DE to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Pike Creek Valley, DE, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Pike Creek Valley, DE salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$82,344	$6,862	$1,921	$2,471
Renters	$53,982	$4,499	$1,259	$1,620

The affordability of the housing market in Pike Creek Valley, DE as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Pike Creek Valley, DE homeowners, the median income is $82,344. This indicates that a monthly maximum of $1,921 should be spent by homeowners on all housing related costs. Renters have a median income of $53,982. This indicates that renters should have a maximum of $1,259 used for their rent related monthly costs.

Delaware Sales Tax

State	General Sales Tax	With Max Surtax
Delaware	0%	0%

Delaware Income Tax

State	Income Tax (Low)	Income Tax (High)
Delaware	2.2%	6.6%

The Delaware sales tax and Delaware income tax rates should definitely be considered when determining the overall cost of living in Pike Creek Valley, DE. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Delaware sales tax is 0% and the maximum surtax is 0%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Delaware income tax rates range from 2.2% to 6.6%.

Goods & Services

Item	Pike Creek Valley	National avg.	Difference
Haircut	$17.67	$17.49	1.0%
Beauty Salon	$45.33	$38.17	18.8%
Toothpaste	$2.86	$2.32	23.2%
Shampoo	$1.18	$1.01	16.6%
Movie	$11.75	$10.72	9.6%
Bowling	$18.00	$13.86	29.9%

Groceries

Item	Pike Creek Valley	National avg.	Difference
Ground Beef	$4.49	$3.90	15.1%
Fried Chicken	$2.16	$1.40	54.8%
Milk	$2.59	$1.96	32.0%
Potatoes	$4.99	$3.18	56.8%
Pizza	$10.00	$10.39	3.8%
Beer	$8.49	$9.23	8.0%

Health Care

Item	Pike Creek Valley	National avg.	Difference
Optometrist	$112.50	$106.34	5.8%
Doctor	$97.50	$115.25	15.4%
Dentist	$133.50	$98.38	35.7%
Ibuprofen	$11.76	$9.26	27.0%
Lipitor	$470.99	$466.47	1.0%

Housing

Item	Pike Creek Valley	National avg.	Difference
Home Price	$244,500.00	$184,700.00	32.4%
Avg. Mortgage Payment	$1,352.21	$1,273.32	6.2%
Apartment Rent	$1,118.00	$949.00	17.8%

Transportation

Item	Pike Creek Valley	National avg.	Difference
Gasoline	$2.73	$2.59	5.2%
Tire Balancing	$60.00	$48.90	22.7%

Utilities

Item	Pike Creek Valley	National avg.	Difference
All Electricity	$125.16	$167.60	25.3%
Phone	$173.76	$163.42	6.3%

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.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Cheyney University, PA	663	113	13%
Lincoln University, PA	1,819	113	13%
Marcus Hook, PA	2,420	97	-3%
Salem, NJ	4,931	98	-2%
Linwood, PA	3,461	99	-1%
Pike Creek Valley, DE	10,077	118	18%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Mayfield, KY	10,078	85	-15%
Naranja, FL	10,068	97	-3%
Fairmount, NY	10,087	95	-5%
Coral Hills, MD	10,087	114	14%
Atmore, AL	10,067	88	-12%
Pike Creek Valley, DE	10,077	118	18%

Source: The Pike Creek Valley, DE cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Pike Creek Valley, DE Cost of Living