Hockessin, Delaware, has a higher cost of living compared to the national average. The overall cost of living index for Hockessin stands at 105, which is 5% above the nationwide average of 100. Specifically, housing costs in Hockessin are the highest, with an index of 115, marking a 15% increase over the national average. Other areas such as groceries, utilities, transportation, healthcare, and miscellaneous expenses also show Hockessin's living costs exceeding the national standard.
The cost of living index in Hockessin, Delaware, showcases some variations compared to the nationwide average, which is set at 100. Housing costs in Hockessin are notably higher, with an index of 115. This means that housing expenses are 15% higher than the national average. For those considering Hockessin for its more affordable real estate, this is an important factor to weigh against other costs.
Other expenses in Hockessin also reflect differences from the national average. Groceries and healthcare present relatively minor increases, with indices of 105 and 102, respectively. This indicates that grocery bills are 5% higher, while healthcare costs are 2% higher than the national average. Utilities and transportation show slight decreases, with indices of 96 and 98. These categories suggest that residents might save slightly on utility bills and transportation costs, which are 4% and 2% below the national average, respectively. Miscellaneous expenses, with an index of 107, are 7% higher than the nationwide average. This combination of higher and lower costs offers a nuanced view of what potential residents might expect in Hockessin.
