Cost of Living in Ellendale, DE
Population: 675 | Delaware
Ellendale is 9% less expensive than the national average.
Cost of Living in Ellendale, DE: What You Need to Know
With a cost of living index of 91, Ellendale, DE is slightly more affordable than average. Living here is 9% cheaper than the national average and 14% below the Delaware state average of 105. Ellendale is a small community of 675 residents.
Housing costs are the biggest factor in Ellendale's cost of living. The median monthly rent is $1,272 (4% below the US median of $1,319), and the median home value sits at $223,700 (27% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.
The median household income in Ellendale is $66,875, which is 11% lower than the national median of $75,149. Residents spend roughly 23% 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
- $66,875
- vs US Median ($75,149)
- -11%
Housing
- Median Rent
- $1,272/mo
- Median Home Value
- $223,700
- Median Monthly Housing Cost
- $1,024/mo