Housing costs in Hockessin?
A typical home costs
$517,800, which is 53.1% more expensive than the national average of
$338,100 and 54.0% more expensive than the average Delaware home, at
$336,200. Renting a two-bedroom unit in Hockessin costs
$2,120 per month, which is 59.4% more than the national average of
$1,330 and 30.7% more than the state average of
$1,470.
Can I afford Hockessin?
To live comfortably in Hockessin (zip 19707), Delaware, a minimum annual income of
$99,360 for a family, and
$70,400 for a single person is recommended.
What does A.I. say about Hockessin?
In 19707 Hockessin, DE the cost of living is relatively affordable compared to other parts of the country. According to the Council for Community and Economic Research's Cost of Living Index, the overall cost of living in Hockessin is 8.2 percent lower than the national average. Residents enjoy a low median home cost, with an average home costing around $304,000 and rent around $1400 per month. Groceries and transportation are both also much cheaper than in many other cities, making Hockessin an attractive area to live in. Furthermore, Delaware has no sales tax, so residents can purchase items without paying extra taxes at the store. Overall, residents of 19707 Hockessin have access to all necessary amenities at a reasonable price point.