Cost of Living in Long Neck, DE
Population: 2,372 | Delaware
Long Neck is 25% less expensive than the national average.
Cost of Living in Long Neck, DE: What You Need to Know
With a cost of living index of 75, Long Neck, DE is one of the most affordable cities in the country. Living here is 25% cheaper than the national average and 30% below the Delaware state average of 105. Long Neck is a small community of 2,372 residents.
Housing costs are the biggest factor in Long Neck's cost of living. The median monthly rent is $872 (34% below the US median of $1,319), and the median home value sits at $174,000 (43% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.
The median household income in Long Neck is $55,508, which is 26% lower than the national median of $75,149. Residents spend roughly 19% 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
- $55,508
- vs US Median ($75,149)
- -26%
Housing
- Median Rent
- $872/mo
- Median Home Value
- $174,000
- Median Monthly Housing Cost
- $1,361/mo