
Housing costs in Wilmington?
A typical home costs
$153,500, which is 54.6% less expensive than the national average of
$338,100 and 54.3% less expensive than the average Delaware home, at
$336,200. Renting a two-bedroom unit in Wilmington costs
$1,210 per month, which is 9.0% cheaper than the national average of
$1,330 and 21.5% cheaper than the state average of
$1,470.
Can I afford Wilmington?
To live comfortably in Wilmington (zip 19801), Delaware, a minimum annual income of
$29,520 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Wilmington?
In 1980, the cost of living in Wilmington, DE was relatively low. The median home price was around $50,000, and monthly rents could be found for around $500 a month. The average cost of essentials like groceries and gas was much lower than it is today, making it easier for people to make ends meet. In addition, the overall tax rate in Delaware was only 3.75%, compared to the current rate of 6.6%. This helped keep the cost of living in Wilmington much lower than most other parts of the country at the time.