These Are The 10 Cheapest Places To Live In Delaware For 2019

How We Determined The Most Affordable Places To Live In The First State For 2019

The two most important things to think about when it comes to being able to afford if you can live comes down to:

1. How much do money do I make?
2. How much do I have spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2013-2017 around incomes and costs. They are:

• Median Home Price / Median Income (lower is better)
• Median Income / Median Rent (Higher is better)
• Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

You can then compare these metrics in each of the places in Delaware to figure out which is the least expensive.

What you are left with is a “Cost of Living Index” by taking the average rank of each of these metrics for each city.

So we used that cost of living index in order to rank all of the 32 places in Delaware that have more than 1,000 people.

The place with the lowest cost of living in Delaware according to the data is Wyoming.

The 10 Cheapest Places To Live In Delaware For 2019

The median income in Wyoming comes in at $69,196 and the median home value is $169,300 for 2019.

The median income in Greenwood comes in at $49,554 and the median home value is $155,900 for 2019.

The median income in Bellefonte comes in at $73,250 and the median home value is $221,200 for 2019.

The Old Town area of Cheswold is located at the intersection of Main Street and Commerce Street west of the Delmarva Central Railroad tracks and serves as the oldest settled part of the town. Cheswold is made up of several residential communities, including Parkers Run, Strimmels Mobile Home Park, Fox Pointe Mobile Home Park, Blanton Mobile Home Park, Stonington, and Nobles Pond.

Cheswold has a post office for P.O. boxes with a ZIP code of 19936. However, the delivery of mail in Cheswold is handled by the Dover post office with a ZIP code of 19904. The Cheswold name may be used for mail delivered to addresses in town with the 19904 ZIP code.

The median income in Cheswold comes in at $48,750 and the median home value is $114,600 for 2019.

5. Seaford

Seaford is a city located along the Nanticoke River in Sussex County, Delaware. According to the 2010 Census Bureau figures, the population of the city is 6,928, an increase of 3.4% from the 2000 census. It is part of the Salisbury, Maryland-Delaware Metropolitan Statistical Area.

The median income in Seaford comes in at $44,886 and the median home value is $159,400 for 2019.

6. Milford

Milford is a city in Kent and Sussex counties in the U.S. state of Delaware. According to the 2010 census, the population of the city is 9,559.

The median income in Milford comes in at $52,576 and the median home value is $179,600 for 2019.

7. Smyrna

Smyrna is a town in Kent and New Castle counties in the U.S. state of Delaware. It is part of the Dover, Delaware Metropolitan Statistical Area. According to the Census Bureau, as of 2010, the population of the town is 10,023.

The median income in Smyrna comes in at $54,675 and the median home value is $184,600 for 2019.

The median income in Townsend comes in at $105,000 and the median home value is $313,900 for 2019.

The median income in Middl comes in at $87,375 and the median home value is $282,200 for 2019.

The median income in Blades comes in at $43,264 and the median home value is $143,800 for 2019.