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Delaware, the second-smallest state in the US, packs a big punch when it comes to quality of life, job opportunities, and affordability. With a population of 993,635, the state offers a unique blend of small-town charm and urban amenities. For those considering relocating to Delaware, one of the first factors to consider is the cost of living. The median rent for a one-bedroom apartment is $1,286 per month, while the median home value is $305,200. These numbers suggest that Delaware is moderately priced, neither extremely affordable nor prohibitively expensive.
The housing market in Delaware is diverse, with options ranging from coastal towns to urban centers like Wilmington. The state’s relatively low property taxes and competitive unemployment rate make it an attractive option for families, retirees, and remote workers alike. In fact, Finklick tracks 29 cities in Delaware, providing a wealth of information for those looking to relocate. With a median household income of $79,325 per year, Delawareans enjoy a relatively high standard of living. However, it’s worth noting that the poverty rate is 10.8%, indicating that some areas of the state still face economic challenges.
To put the cost of living into perspective, let’s consider the affordability of housing. Assuming a median household income of $79,325 per year, the median one-bedroom rent of $1,286 per month would account for approximately 19% of the average household’s income. This is relatively in line with the general rule of thumb that housing costs should not exceed 30% of income. This suggests that Delaware is a relatively affordable state, especially for those with stable employment or a steady income.
Delaware attracts a diverse range of people, from families drawn to its excellent schools and safe communities, to retirees who appreciate its tax-friendly environment and natural beauty. Remote workers also find Delaware’s location and amenities appealing, with easy access to major cities like Philadelphia and Baltimore. The state’s median age of 41.4 suggests a vibrant and established community, with a mix of young professionals and long-time residents.
Looking ahead, Delaware’s outlook is promising. With its strong job market, relatively low cost of living, and high quality of life, the state is poised to continue attracting new residents and businesses. As the state continues to grow and develop, it’s likely that Delaware will remain a popular choice for those looking to relocate. With its unique blend of small-town charm and urban amenities, Delaware is an attractive option for anyone considering a move to the Mid-Atlantic region. Whether you’re a family, retiree, or remote worker, Delaware offers a welcoming and affordable environment that’s worth considering.
Explore Delaware Cities
Browse utility costs, housing data, Census demographics, and climate data for all 29 tracked cities in Delaware.
View all Delaware city guides →
Data: US Census Bureau ACS 2022, BLS. Updated June 29, 2026.
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