Most Expensive Places To Live In Delaware For 2020


We used science and data to determine which cities in Delaware that will put a big dent in your wallet.

Editor’s Note: We updated this article for 2020. This is our sixth time ranking the most expensive places to live in Delaware.

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Everyone wants a home that mixes affordability with comfort and Delaware does this very well. Families love the First State's beaches, midlands, and mountains as tourists before moving here and calling it home.

But before you decide to relocate, you have to do some research into the exact cost of living around the state -- and that's how we're going to help you.

These are the places in Delaware that cost a pretty penny -- the most expensive cities in the state.

After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Delaware for 2020.

So where is the most expensive place to live in Delaware? That would be Newark.
the 2014-2018 American Community Survey for the 32 places in Delaware with more than 1,000 people.

What's the most expensive place to live in Delaware? Well, HomeSnacks crunched the numbers and discovered that Newark is the most expensive place to live in Delaware.

So hopefully Wyoming (the cheapest place to live in Delaware) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

And if you already knew these places were expensive, check out some more reading about Delaware and the most expensive cities in the country:

The 10 Most Expensive Places To Live In Delaware For 2020

Newark, DE

Overall SnackAbility

7.5
/10

Population: 33,352
Rank Last Year: 2 (No Change)
Home Price To Income Ratio: 4.8x (5th most expensive)
Income To Rent Ratio: 45.1x (6th most expensive)
More on Newark: Real Estate | Data | Photos

Newark is a city in New Castle County, Delaware, United States. It is located 12 miles west-southwest of Wilmington. According to the 2010 Census, the population of the city is 31,454. Newark is home to the University of Delaware, which is often regarded as a top ten ranked University in the United States.

The median income in Newark comes in at $57,391 and the median home value is $274,900 for 2020.

Overall SnackAbility

5
/10

Population: 1,877
Rank Last Year: 4 (Up 1)
Home Price To Income Ratio: 4.6x (9th most expensive)
Income To Rent Ratio: 45.6x (7th most expensive)
More on Millville: Real Estate | Data

The median income in Millville comes in at $69,500 and the median home value is $318,200 for 2020.

Newport, DE

Source: Public domain
Overall SnackAbility

5
/10

Population: 1,335
Rank Last Year: 6 (Up 2)
Home Price To Income Ratio: 4.7x (6th most expensive)
Income To Rent Ratio: 39.7x (1st most expensive)
More on Newport: Real Estate | Data | Photos

The median income in Newport comes in at $40,833 and the median home value is $192,600 for 2020.

Rehoboth Beach, DE

Overall SnackAbility

8.5
/10

Population: 1,281
Rank Last Year: 4 (Down 1)
Home Price To Income Ratio: 9.5x (1st most expensive)
Income To Rent Ratio: 75.8x (29th most expensive)
More on Rehoboth Beach: Real Estate | Data | Photos

The median income in Rehoboth Beach comes in at $97,750 and the median home value is $926,200 for 2020.

Lewes, DE

Overall SnackAbility

9
/10

Population: 3,118
Rank Last Year: 7 (Up 1)
Home Price To Income Ratio: 6.3x (3rd most expensive)
Income To Rent Ratio: 77.1x (30th most expensive)
More on Lewes: Real Estate | Data | Photos

The median income in Lewes comes in at $86,417 and the median home value is $540,200 for 2020.

Ocean View, DE

Source: Public domain
Overall SnackAbility

8.5
/10

Population: 2,198
Rank Last Year: 8 (Up 1)
Home Price To Income Ratio: 4.4x (11th most expensive)
Income To Rent Ratio: 57.0x (21st most expensive)
More on Ocean View: Real Estate | Data | Photos

The median income in Ocean View comes in at $76,734 and the median home value is $336,100 for 2020.

Milton, DE

Overall SnackAbility

6
/10

Population: 2,840
Rank Last Year: 13 (Up 5)
Home Price To Income Ratio: 4.6x (7th most expensive)
Income To Rent Ratio: 61.1x (24th most expensive)
More on Milton: Real Estate | Data | Photos

The median income in Milton comes in at $59,929 and the median home value is $277,800 for 2020.

Selbyville, DE

Overall SnackAbility

6
/10

Population: 2,252
Rank Last Year: 3 (Down 6)
Home Price To Income Ratio: 4.6x (8th most expensive)
Income To Rent Ratio: 57.8x (23rd most expensive)
More on Selbyville: Real Estate | Data | Photos

The median income in Selbyville comes in at $57,903 and the median home value is $267,800 for 2020.

Camden, DE

Source: Public domain
Overall SnackAbility

7
/10

Population: 3,469
Rank Last Year: 10 (No Change)
Home Price To Income Ratio: 3.1x (25th most expensive)
Income To Rent Ratio: 43.2x (4th most expensive)
More on Camden: Real Estate | Data | Photos

The median income in Camden comes in at $67,734 and the median home value is $211,800 for 2020.

Millsboro, DE

Source: Public domain
Overall SnackAbility

5
/10

Population: 4,238
Rank Last Year: 9 (Down 1)
Home Price To Income Ratio: 4.3x (13th most expensive)
Income To Rent Ratio: 52.5x (15th most expensive)
More on Millsboro: Real Estate | Data | Photos

The median income in Millsboro comes in at $47,438 and the median home value is $206,200 for 2020.

How We Determined The Most Expensive Places To Live In The First State For 2020

Map Of The Cheapest Places To Live In Delaware
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 2014-2018 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 most 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 highest cost of living in Delaware according to the data is Newark. You can download the data here.

Taking A Chunk Out Of Your Paycheck In Delaware For 2020

Well there you have it, the places in Delaware that have the highest cost of living, with Newark ranking as the most expensive city in the First State.

Here's a look at the most affordable cities in Delaware according to the data:

  1. Wyoming
  2. Felton
  3. Cheswold

For more Delaware reading, check out:

Detailed List Of The Most Expensive Cities In Delaware

Rank City ExpensiveScore Population Home/Income Ratio Income/Rent Ratio
1 Newark 6.67 33,352 4.8x 45.1x
2 Millville 7.33 1,877 4.6x 45.6x
3 Newport 8.33 1,335 4.7x 39.7x
4 Rehoboth Beach 10.33 1,281 9.5x 75.8x
5 Lewes 11.67 3,118 6.3x 77.1x
6 Ocean View 12.0 2,198 4.4x 57.0x
7 Milton 13.0 2,840 4.6x 61.1x
8 Selbyville 14.0 2,252 4.6x 57.8x
9 Camden 14.67 3,469 3.1x 43.2x
10 Millsboro 14.67 4,238 4.3x 52.5x
11 Bridgeville 15.0 2,696 5.4x 77.2x
12 Georg 15.33 7,123 4.5x 57.4x
13 Wilmington 15.33 70,904 4.0x 44.0x
14 Laurel 15.67 4,211 4.4x 43.0x
15 Milford 16.67 10,835 3.7x 52.4x
16 Clayton 16.67 3,237 3.1x 49.8x
17 Harrington 16.67 3,667 4.0x 46.5x
18 Dover 17.0 37,331 3.5x 48.4x
19 Blades 17.5 1,366 3.4x 42.7x
20 Elsmere 18.0 6,049 3.5x 49.0x
21 Middl 19.33 21,250 3.2x 74.3x
22 New Castle 20.0 5,359 3.1x 52.7x
23 Delaware City 20.67 1,719 3.2x 53.7x
24 Townsend 21.33 2,332 2.8x 75.5x
25 Greenwood 21.5 1,017 3.3x 51.2x
26 Delmar 21.67 1,790 3.6x 53.0x
27 Seaford 22.0 7,572 3.5x 56.2x
28 Smyrna 22.33 11,333 3.1x 56.7x
29 Bellefonte 24.33 1,140 2.9x 79.6x
30 Cheswold 26.0 1,313 1.7x 50.0x
31 Felton 26.0 1,478 2.9x 72.1x
32 Wyoming 26.67 1,437 2.6x 71.2x

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.