Cost of living in Wilmington
Wilmington, located in the state of Delaware, is a vibrant city known for its rich history and cultural diversity. Understanding the cost of living in Wilmington is crucial for both current residents and those considering a move to the city.
This guide provides a detailed breakdown of various expenses, including housing, transportation, groceries, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $15 on average, with a range between $6.6 and $40.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $67.5, with prices ranging from $40 to $200.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a range between $7 and $16.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $2.5 to $7, imported beer $4.5 to $12, cappuccino $3 to $8, and Coke/Pepsi $1.5 to $3.
Grocery Prices
- Milk - Milk is priced between $0.53 and $2.38 per liter, averaging $1.2.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.63 and $4.41, with an average price of $3.56.
- Eggs (Dozen) - A dozen eggs range from $1.72 to $5, averaging $3.05.
- Fruits (e.g., Apples, Oranges) - Apples cost $3.06 to $13.23 per kg, while oranges range from $4.41 to $11.02 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $3.06 and $8.82 per kg, and lettuce costs $1.99 to $3 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $1.3 and $2, with a monthly pass priced at $60.
- Fuel (Gasoline) - Gasoline is priced between $0.79 and $1.01 per liter.
- Car Purchase - A new Volkswagen Golf costs between $35,000 and $36,373.32, while a Toyota Corolla is priced between $26,407.08 and $28,000.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1700 to $2300, averaging $1933.33.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1500 to $1700, averaging $1633.33.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $2300 to $5000, averaging $3200.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1700 to $3000, averaging $2266.67.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $2303 to $3767.37, averaging $3035.18.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $2303 to $2368.06, averaging $2335.53.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $90 and $300, averaging $153.
- Internet - Internet services range from $40 to $105, with an average cost of $69.25.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Wilmington offers a diverse range of dining options, with prices varying significantly based on the type of restaurant.
Grocery prices in Wilmington are relatively moderate, with essentials like milk and bread being affordable.
Transportation costs are reasonable, with public transport and fuel prices being competitive.
Housing in Wilmington can be expensive, especially in the city centre, but there are more affordable options outside the centre.
Utilities and internet services are moderately priced, contributing to the overall cost of living.
Conclusion
In conclusion, Wilmington, DE, presents a mixed cost of living landscape. While dining and transportation are relatively affordable, housing costs can be high, particularly in the city centre.
Prospective residents should consider their budget carefully, especially when it comes to housing and utilities, to ensure a comfortable lifestyle in this vibrant city.