Cost of Living in Selbyville, DE
Population: 3,005 | Delaware
Selbyville is 2% less expensive than the national average.
Cost of Living in Selbyville, DE: What You Need to Know
With a cost of living index of 98, Selbyville, DE is slightly more affordable than average. Living here is 2% cheaper than the national average and 7% below the Delaware state average of 105. Selbyville is a small community of 3,005 residents.
Housing costs are the biggest factor in Selbyville's cost of living. The median monthly rent is $988 (25% below the US median of $1,319), and the median home value sits at $410,700 (35% above the national median of $304,900). At current prices, the median home costs roughly 5x the median household income — a stretch for many buyers, though not uncommon in today's market.
The median household income in Selbyville is $81,845, which is 9% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.
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
- $81,845
- vs US Median ($75,149)
- +9%
Housing
- Median Rent
- $988/mo
- Median Home Value
- $410,700
- Median Monthly Housing Cost
- $1,045/mo