Cost of Living in Milton, DE
Housing
The housing market plays a significant role in determining the cost of living in Milton, DE.
- Housing Index: 113.3 / 100
- Median Home Price is: $363,000
- Average Rent (2 BR Apartment): $1804 per month
- Average Rent (2 BR House): $1961 per month
Considering your potential move to Milton, DE, the current data reveals a median home price of 363000, indicating a modest investment in real estate for buyers. However, it's essential to note that both the housing index and average rents for 2-bedroom apartments and houses are currently at zero, suggesting potential availability or external circumstances affecting the market. If you prioritize home ownership, this may signal a good opportunity, but it's wise to further delve into local employment trends, amenities, and neighborhood dynamics to ensure a fulfilling transition.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Milton, DE.
- Electricity Price: $16.29 USD (median by state)
- Natural Gas Price: $17.77 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $241 per month
Living in Milton, DE could entail higher utility costs. Electricity costs sit at $16.29, while natural gas is priced at $17.77 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $241 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Milton is a financially viable option for your relocation.