Pike Creek Valley, Delaware Cost Of Living

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Overall 18%

Goods & Services 19%

Housing 28%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Pike Creek Valley	Delaware	National
Cost of living	118	114	100
Goods & Services	119	116	100
Groceries	123	121	100
Health care	112	100	100
Housing	128	121	100
Transportation	110	104	100
Utilities	84	93	100

Key findings

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
Pike Creek Valley housing is 28% higher than the national average
Delaware general sales tax is 100% lower than the national average
Delaware state income tax is 11% lower than the national average

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Price difference in compared to

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

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 predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Pike Creek Valley 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 would have a maximum of $1,259 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%

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.
Lincoln University, PA	1,819	113	13%
Cheyney University, PA	663	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.