The 10 Most Expensive Places To Live In Delaware For 2023


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

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Editor’s Note: We updated this article for 2023. This is our tenth time ranking the most expensive places to live in Delaware.

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 2023.

So where is the most expensive place to live in Delaware? That would be Ocean View.
the 2017-2021 American Community Survey for the 31 places in Delaware with more than 1,000 people.

Here are the 10 most expensive places to live in Delaware for 2023:

  1. Ocean View
  2. Millville
  3. Georg
  4. Newark
  5. Lewes
  6. Milton
  7. Millsboro
  8. Milford
  9. Rehoboth Beach
  10. Dagsboro

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

So hopefully Cheswold (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 2023

1. Ocean View

Ocean View, DE

Source: Public domain
Overall SnackAbility

9
/10

Population: 2,556
Rank Last Year: 2 (Up 1)
Home Price To Income Ratio: 4.9x (6th most expensive)
Income To Rent Ratio: 46.8x (9th most expensive)
More on Ocean View: Real Estate | Data | Photos

The median income in Ocean View comes in at $80,225 and the median home value is $394,000 for 2023.

2. Millville

Overall SnackAbility

6
/10

Population: 1,790
Rank Last Year: 1 (No Change)
Home Price To Income Ratio: 4.3x (12th most expensive)
Income To Rent Ratio: 40.9x (2nd most expensive)
More on Millville: Real Estate | Data

The median income in Millville comes in at $85,221 and the median home value is $362,300 for 2023.

3. Georg

Source: Public Domain
Overall SnackAbility

5
/10

Population: 7,079
Rank Last Year: 3 (No Change)
Home Price To Income Ratio: 5.4x (4th most expensive)
Income To Rent Ratio: 37.5x (most expensive)
More on Georg: Real Estate | Data

The median income in Georg comes in at $42,204 and the median home value is $227,400 for 2023.

4. Newark

Newark, DE

Overall SnackAbility

7.5
/10

Population: 31,393
Rank Last Year: 4 (No Change)
Home Price To Income Ratio: 4.6x (7th most expensive)
Income To Rent Ratio: 46.4x (7th most expensive)
More on Newark: Real Estate | Data | Photos

The median income in Newark comes in at $61,646 and the median home value is $283,900 for 2023.

5. Lewes

Lewes, DE

Overall SnackAbility

9
/10

Population: 3,257
Rank Last Year: 4 (Down 1)
Home Price To Income Ratio: 8.7x (most expensive)
Income To Rent Ratio: 60.6x (22nd most expensive)
More on Lewes: Real Estate | Data | Photos

The median income in Lewes comes in at $78,125 and the median home value is $676,000 for 2023.

6. Milton

Milton, DE

Overall SnackAbility

7
/10

Population: 3,224
Rank Last Year: 12 (Up 6)
Home Price To Income Ratio: 5.2x (5th most expensive)
Income To Rent Ratio: 51.9x (14th most expensive)
More on Milton: Real Estate | Data | Photos

The median income in Milton comes in at $59,531 and the median home value is $308,200 for 2023.

7. Millsboro

Millsboro, DE

Source: Public domain
Overall SnackAbility

8
/10

Population: 6,542
Rank Last Year: 6 (Down 1)
Home Price To Income Ratio: 4.1x (13th most expensive)
Income To Rent Ratio: 42.9x (3rd most expensive)
More on Millsboro: Real Estate | Data | Photos

The median income in Millsboro comes in at $57,632 and the median home value is $234,100 for 2023.

8. Milford

Milford, DE

Overall SnackAbility

6
/10

Population: 11,249
Rank Last Year: 10 (Up 2)
Home Price To Income Ratio: 4.6x (8th most expensive)
Income To Rent Ratio: 45.8x (5th most expensive)
More on Milford: Real Estate | Data | Photos

The median income in Milford comes in at $47,849 and the median home value is $220,200 for 2023.

9. Rehoboth Beach

Rehoboth Beach, DE

Overall SnackAbility

8
/10

Population: 1,392
Rank Last Year: 7 (Down 2)
Home Price To Income Ratio: 8.6x (2nd most expensive)
Income To Rent Ratio: 104.2x (32nd most expensive)
More on Rehoboth Beach: Real Estate | Data | Photos

The median income in Rehoboth Beach comes in at $137,783 and the median home value is $1,186,900 for 2023.

10. Dagsboro

Overall SnackAbility

7
/10

Population: 1,087
Rank Last Year: 10 (No Change)
Home Price To Income Ratio: 4.3x (11th most expensive)
Income To Rent Ratio: 50.8x (13th most expensive)
More on Dagsboro: Real Estate

The median income in Dagsboro comes in at $56,029 and the median home value is $240,300 for 2023.

Methodology: How We Determined The Most Expensive Places To Live In The First State For 2023

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 2017-2021 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 31 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 Ocean View. You can download the data here.

Summary: Taking A Chunk Out Of Your Paycheck In Delaware For 2023

Well there you have it, the places in Delaware that have the highest cost of living, with Ocean View 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. Cheswold
  2. Elsmere
  3. Seaford

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 Ocean View 6.0 2,556 4.9x 46.8x
2 Millville 6.0 1,790 4.3x 40.9x
3 Georg 7.33 7,079 5.4x 37.5x
4 Newark 8.0 31,393 4.6x 46.4x
5 Lewes 8.33 3,257 8.7x 60.6x
6 Milton 9.33 3,224 5.2x 51.9x
7 Millsboro 10.0 6,542 4.1x 42.9x
8 Milford 11.0 11,249 4.6x 45.8x
9 Rehoboth Beach 11.67 1,392 8.6x 104.2x
10 Dagsboro 12.0 1,087 4.3x 50.8x
11 Bridgeville 13.33 2,499 5.9x 70.1x
12 Smyrna 15.33 12,619 3.5x 48.2x
13 Laurel 15.33 3,886 4.3x 45.1x
14 Dover 15.67 38,940 3.9x 46.8x
15 Camden 15.67 3,786 3.6x 53.9x
16 Selbyville 15.67 2,806 4.3x 78.0x
17 Middl 18.0 23,001 3.4x 66.4x
18 Wyoming 18.33 1,636 3.3x 49.4x
19 Wilmington 18.33 70,926 3.5x 46.0x
20 Bellefonte 20.0 1,294 2.9x 58.4x
21 Delmar 20.83 2,241 3.8x 59.5x
22 Felton 21.0 1,144 4.0x 71.4x
23 Delaware City 21.0 1,885 3.1x 53.9x
24 Clayton 21.67 3,845 2.8x 66.6x
25 Harrington 23.0 3,730 3.1x 59.4x
26 New Castle 23.0 5,482 2.6x 58.0x
27 Townsend 23.67 2,671 2.4x 165.8x
28 Greenwood 24.0 1,459 2.7x 50.3x
29 Seaford 24.33 7,852 3.2x 60.2x
30 Elsmere 26.33 6,167 2.7x 60.9x
31 Cheswold 30.0 1,705 2.6x 67.9x

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.