Housing costs in Bear?
A typical home costs
$358,300, which is 6.0% more expensive than the national average of
$338,100 and 6.6% more expensive than the average Delaware home, at
$336,200. Renting a two-bedroom unit in Bear costs
$1,680 per month, which is 17.5% more than the national average of
$1,430 and 20.8% more than the state average of
$1,330.
Can I afford Bear?
To live comfortably in Bear, Delaware, a minimum annual income of
$68,760 for a family, and
$55,600 for a single person is recommended.
What does A.I. say about Bear?
The cost of living in Bear, DE is quite affordable. The overall cost of living index is about 11% lower than the national average, making it an attractive option for families and individuals looking for an affordable place to live. The median home value in Bear, DE is approximately $220,000, which is significantly less than the U.S. median home value of $231,200. Additionally, the median household income is just over $67,000 per year, which allows residents to enjoy a comfortable lifestyle and still save money for future investments or other expenses. Utilities and other monthly expenses are also relatively low when compared to the national average, making life in Bear extremely affordable for everyone living there.