Hockessin, DE Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Hockessin, DE Summary

Cost of living in Hockessin research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hockessin is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Delaware, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Hockessin is 141, with 100 being the average.

  • The cost of living index in Hockessin is 1.4x higher than the national average.

  • Hockessin ranks as the #17 cheapest in Delaware out of 18.

  • Hockessin ranks as the #5,616 cheapest out of 6,412 in the US.

  • The median home value in Hockessin is $460,800.

  • The median income in Hockessin is $158,036.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
141
Hockessin's Overall Cost Of Living
1.4x
Higher Than The National Average

What is the cost of living in Hockessin, DE?

According to the most recent data on the cost of living, Hockessin has an overall cost of living index of 141, which is 1.4x higher than the national index of 100.

Compared to Delaware, Hockessin has a cost of living index that's 1.4x higher than Delaware's index of 103.

The standard of living in Hockessin ranks as #17 most affordable out of the 18 places we measured in Delaware. By definition, that implies Hockessin ranks as the #1 most expensive place in the First State.

For more reading on life in Hockessin, check out:

17 out of 18
In Delaware
5,616 out of 6,412
In America

Hockessin Cost Of Living Vs. Delaware

Six factors go into calculating the cost of living index in Hockessin. Here is how it fairs on each of the criteria:

  • The Services index in Hockessin is 111.

  • The Groceries index in Hockessin is 125.

  • The Health index in Hockessin is 113.

  • The Housing index in Hockessin is 216.

  • The Transportation index in Hockessin is 114.

  • The Utilities index in Hockessin is 87.

Living Expense Hockessin Delaware National Average
Overall 141 103 100
Services 111 105 100
Groceries 125 103 100
Health 113 104 100
Housing 216 101 100
Transportation 114 109 100
Utilities 87 95 100
For more reading on cost of living around Delaware, check out:
Hockessin Cost of Living Vs. DE

Hockessin, DE Housing Cost Breakdown

Housing swings affordability the most between places in Delaware, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Hockessin is $460,800.

  • The Median Rent in Hockessin is $2,212.

  • The Median Income in Hockessin is $158,036.

  • The Home Value To Income in Hockessin is 2.9x.

  • The Rent To Monthly Income in Hockessin is 0.17x.

Statistic Hockessin Delaware United States
Median Home Value $460,800 $269,700 $244,900
Median Rent $2,212 $1,199 $1,163
Median Income $158,036 $72,724 $69,021
Home Value To Income 2.9x 3.7x 3.5x
Rent To Monthly Income 0.17x 0.2x 0.2x
Search Homes For Sale In Hockessin, DE
$460,800
Median Home Value
$2,212
Median Rent
$158,036
Median Income

Hockessin, DE Costs By Category

Detailed Hockessin Services Costs Vs. Delaware

Item Hockessin Delaware
Shampoo $1.13 $1.06
Movie $12.88 $10.68
Bowling $16.5 $14.67
Haircut $21.56 $18.62
Beauty Salon $40.11 $39.05

Detailed Hockessin Groceries Costs Vs. Delaware

Item Hockessin Delaware
Ground Beef $4.69 $4.22
Fried Chicken $1.91 $1.39
Milk $2.54 $2.05
Potatoes $4.51 $3.29
Pizza $9.74 $10.62
Beer $8.74 $9.38
Toothpaste $2.86 $2.34

Detailed Hockessin Health Costs Vs. Delaware

Item Hockessin Delaware
Optometrist $102.08 $108.57
Doctor $109.17 $116.17
Dentist $133.33 $99.13

Detailed Hockessin Transportation Costs Vs. Delaware

Item Hockessin Delaware
Gasoline $2.16 $2.22
Tire Balancing $73.33 $50.07

Detailed Hockessin Utilities Costs Vs. Delaware

Item Hockessin Delaware
All Electricity $129.7 $167.67
Phone $176.59 $175.64

Hockessin SnackAbility

7.5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9.5
Affordability
8
Diversity
8
Safety
N/A
Amenities
8
Education
9.5
Commute
8

Cost Of Living In Cities Around Hockessin

The cost of living varies in the cities and towns around Hockessin. Here's a quick look at the cost of living in the most populous nearby places:

  • West Chester, PA has a cost of living index of 124, 0.9x Hockessin.

  • Coatesville, PA has a cost of living index of 101, 0.7x Hockessin.

  • Pike Creek Valley, DE has a cost of living index of 116, 0.8x Hockessin.

City Population Cost Of Living Vs. Hockessin
West Chester, PA 18,592 124 0.9x
Coatesville, PA 13,306 101 0.7x
Pike Creek Valley, DE 11,718 116 0.8x
Woodlyn, PA 10,332 106 0.8x
Village Green-Green Ridge, PA 8,592 112 0.8x
Brookhaven, PA 8,243 112 0.8x
North Star, DE 8,009 143 1.0x
Pike Creek, DE 7,398 131 0.9x
Ridley Park, PA 7,131 112 0.8x
Lionville, PA 6,662 121 0.9x

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