Cost Of Living in Pike Creek, DE

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F

28%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

84%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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	Delaware	National
Cost of living	128	108	100
Goods & Services	106	104	100
Groceries	106	102	100
Health care	107	103	100
Housing	184	121	100
Transportation	108	102	100
Utilities	92	98	100

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Cost Of Living Quick Facts

The cost of living in Pike Creek is 19% higher than the Delaware average
The cost of living in Pike Creek is 28% higher than the national average
Pike Creek housing is 84% higher than the national average
Delaware general sales tax is 100% lower than the national average
Delaware state income tax is 15% 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	$130,536	$10,878	$3,046	$3,916
Renters	$91,705	$7,642	$2,140	$2,751

A good indicator of the general affordability of housing in Pike Creek, DE, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Pike Creek, the median monthly income is $130,536 for those who own their own homes. Under the standard rule, that income level would allow for $3,046 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $91,705, per the median income in the area. That would allow for renters to spend up to $2,140 on monthly rental expenses.

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	National avg.	Difference
Haircut	$30.14	$24.26	24.2%
Beauty Salon	$47.42	$45.56	4.1%
Toothpaste	$3.61	$3.70	2.4%
Shampoo	$1.41	$1.28	10.4%
Movie	$12.71	$12.13	4.7%
Bowling	$19.50	$18.00	8.3%

Groceries

Item	Pike Creek	National avg.	Difference
Ground Beef	$5.73	$5.84	1.9%
Fried Chicken	$1.52	$1.57	3.6%
Milk	$4.81	$4.67	3.0%
Potatoes	$5.40	$4.93	9.5%
Pizza	$11.33	$12.09	6.2%
Beer	$11.96	$10.41	14.8%

Health Care

Item	Pike Creek	National avg.	Difference
Optometrist	$113.67	$125.68	9.6%
Doctor	$149.53	$135.78	10.1%
Dentist	$132.28	$113.29	16.8%
Ibuprofen	$10.94	$10.65	2.7%
Lipitor	$438.67	$468.60	6.4%

Housing

Item	Pike Creek	National avg.	Difference
Home Price	$335,700.00	$184,700.00	81.8%
Avg. Mortgage Payment	$2,192.51	$2,346.69	6.6%
Apartment Rent	$1,798.00	$949.00	89.5%

Transportation

Item	Pike Creek	National avg.	Difference
Gasoline	$3.50	$3.46	1.0%
Tire Balancing	$74.86	$59.92	24.9%

Utilities

Item	Pike Creek	National avg.	Difference
All Electricity	$173.73	$193.99	10.4%
Phone	$182.79	$192.25	4.9%

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	Population	Cost of Living Index	National Avg.
Cheyney University, PA	194	104	4.4%
Lincoln University, PA	1,843	104	4.4%
Salem, NJ	4,761	88	12.4%
Marcus Hook, PA	2,334	91	9.0%
Linwood, PA	3,473	93	7.4%
Pike Creek, DE	6,987	128	28.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Salem, IL	6,988	81	19.1%
Clinton, IL	6,982	77	23.0%
Spring Hill, KS	6,992	101	0.8%
Nibley, UT	6,993	113	13.0%
Old Greenwich, CT	6,980	282	182.1%
Pike Creek, DE	6,987	128	28.3%