salaryRent here is among the highest 10% in the country. Household incomes are higher than in 95% of U.S. cities. A typical house costs about 3.1 years of household income. Most homes (90.4%) are owned, so rentals can be hard to find. It is a highly educated city: 66.3% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $140,040 a year. That is $67 an hour at a full-time job.
Is rent cheaper than other Delaware cities?
No. Rent here is more expensive than in most of Delaware. It is number 20 of 20 cities from cheapest to most expensive.
How much do households earn in Hockessin?
Share of households by yearly income. 65.4% of households earn $100,000 or more.
Rent by apartment size in Hockessin
| Size | Hockessin | U.S. average |
|---|---|---|
| 1 bedroom | $3,500+ | $1,324 |
| 2 bedrooms | $3,500+ | $1,509 |
| 3 bedrooms | $2,641 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hockessin overall?
Everyday prices in Delaware overall are same as the U.S. average (index 99.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hockessin, so the Delaware figure is shown.
Taxes and bills in Hockessin
Life in Hockessin
Is it cheaper to rent or buy in Hockessin?
Renting is cheaper right now: about $446 a month less.
Owning assumes a typical $568,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $56,880 for the down payment.
Frequently asked questions
What is the average rent in Hockessin, DE?
Renting in Hockessin costs a median of about $3,500+ a month in 2026, including utilities. The Delaware median is $1,693.
How much do I need to make to live in Hockessin?
To keep rent under 30% of income, you need about $140,040 a year, or $67 an hour at a full-time job.
Is Hockessin cheap or expensive?
Hockessin is rated OK: rent takes 22.8% of the typical household income of $184,644. It ranks 20th cheapest of 20 Delaware cities we track.
How much are property taxes in Hockessin?
The median homeowner in Hockessin pays $4,425 a year in property taxes, about 0.78% of the median home value.
Is Hockessin more expensive than the national average?
Overall prices in Delaware are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Hockessin?
The median home value in Hockessin is $568,800, about 3.1 times the typical yearly household income.
13,439 people live in Hockessin. Numbers are typical (middle) values.