Cost of living in Pike Creek Valley 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 Pike Creek Valley 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 Pike Creek Valley is 116, with 100 being the average.
The cost of living index in Pike Creek Valley is 1.2x higher than the national average.
Pike Creek Valley ranks as the #13 cheapest in Delaware out of 18.
Pike Creek Valley ranks as the #4,558 cheapest out of 6,412 in the US.
The median home value in Pike Creek Valley is $261,000.
The median income in Pike Creek Valley is $77,402.
According to the most recent data on the cost of living, Pike Creek Valley has an overall cost of living index of 116, which is 1.2x higher than the national index of 100.
Compared to Delaware, Pike Creek Valley has a cost of living index that's 1.1x higher than Delaware's index of 103.
The standard of living in Pike Creek Valley ranks as #13 most affordable out of the 18 places we measured in Delaware. By definition, that implies Pike Creek Valley ranks as the #5 most expensive place in the First State.
For more reading on life in Pike Creek Valley, check out:
Six factors go into calculating the cost of living index in Pike Creek Valley. Here is how it fairs on each of the criteria:
The Services index in Pike Creek Valley is 108.
The Groceries index in Pike Creek Valley is 125.
The Health index in Pike Creek Valley is 115.
The Housing index in Pike Creek Valley is 129.
The Transportation index in Pike Creek Valley is 111.
The Utilities index in Pike Creek Valley is 87.
|Living Expense||Pike Creek Valley||Delaware||National Average|
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 Pike Creek Valley is $261,000.
The Median Rent in Pike Creek Valley is $1,374.
The Median Income in Pike Creek Valley is $77,402.
The Home Value To Income in Pike Creek Valley is 3.4x.
The Rent To Monthly Income in Pike Creek Valley is 0.21x.
|Statistic||Pike Creek Valley||Delaware||United States|
|Median Home Value||$261,000||$269,700||$244,900|
|Home Value To Income||3.4x||3.7x||3.5x|
|Rent To Monthly Income||0.21x||0.2x||0.2x|
The cost of living varies in the cities and towns around Pike Creek Valley. Here's a quick look at the cost of living in the most populous nearby places:
Newark, DE has a cost of living index of 117, 1.0x Pike Creek Valley.
Bear, DE has a cost of living index of 109, 0.9x Pike Creek Valley.
West Chester, PA has a cost of living index of 124, 1.1x Pike Creek Valley.
|City||Population||Cost Of Living||Vs. Pike Creek Valley|
|West Chester, PA||18,592||124||1.1x|
|Village Green-Green Ridge, PA||8,592||112||1.0x|
|Wilmington Manor, DE||8,212||106||0.9x|