Cost of Living in Delmar, DE
Population: 2,386 | Delaware
Delmar is 21% less expensive than the national average.
Cost of Living in Delmar, DE: What You Need to Know
With a cost of living index of 79, Delmar, DE is a very affordable place to live. Living here is 21% cheaper than the national average and 26% below the Delaware state average of 105. Delmar is a small community of 2,386 residents.
Housing costs are the biggest factor in Delmar's cost of living. The median monthly rent is $875 (34% below the US median of $1,319), and the median home value sits at $222,700 (27% below the national median of $304,900). At current prices, the median home costs roughly 3.6x the median household income — a moderately affordable ratio by today's standards.
The median household income in Delmar is $61,344, which is 18% lower than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $61,344
- vs US Median ($75,149)
- -18%
Housing
- Median Rent
- $875/mo
- Median Home Value
- $222,700
- Median Monthly Housing Cost
- $1,140/mo