Hockessin, DE

Very High · 183

Delaware · Population 13,608 · Updated March 2026

$2,980
Median Rent / Month
$172,695
Median Income
$550,200
Median Home Value
$2,112
Owner Costs / Month

Affordability

How far your income goes in Hockessin

20.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Delaware

State-level tax rates that affect your costs

6.6%
Income Tax (Top Rate)
0%
Sales Tax
0.57%
Property Tax Rate

Estimated Annual Costs

$35,760
Annual Rent
$11,398
State Income Tax
$3,136
Property Tax (est.)

Cost of Living Overview

Hockessin has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 183 (where 100 equals the national median), Hockessin residents can expect to pay median rent of $2,980/month while earning a median household income of $172,695/year.

The median home value in Hockessin, DE is $550,200, with typical monthly owner costs around $2,112 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Delaware has a moderate income tax rate of 6.6%. Combined with a 0% sales tax rate and 0.57% effective property tax rate, the overall tax environment is a factor in the total cost of living in Hockessin.

Frequently Asked Questions

Common questions about living costs in Hockessin

What is the cost of living in Hockessin, DE?
The cost of living index in Hockessin, DE is 183 (US average = 100). Median monthly rent is $2,980, median household income is $172,695/year, and the median home value is $550,200.
Is Hockessin, DE affordable?
No, Hockessin is more expensive than the national average with a cost index of 183. The rent-to-income ratio is 20.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Hockessin, DE?
The median gross rent in Hockessin, DE is $2,980 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $35,760.
What is the median household income in Hockessin?
The median household income in Hockessin, DE is $172,695 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Delaware?
Delaware has a top income tax rate of 6.6%, a sales tax of 0%, and an effective property tax rate of 0.57%.