New Castle County
New Castle County, Delaware
"The First County in the First State"
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Office of Economic Development

Cost of Living and Doing Business - New Castle County, DE

 Cost of Living Section 1
New Castle County's Low Cost of Living and Doing Business
 
 

Category (% Weight)

Wilmington, Delaware

Philadelphia, Pennsylvania

Baltimore, Maryland

Composite (100%)

100

118.3

111.9

Grocery (13.31%)

100

116.9

103

Housing (29.27%)

100

133.7

150.9

Utilities (10.22%)

101.2

119.4

100

Transportation (9.86%)

100

107.3

104

Health (4.23%)

113.1

109.7

100

Miscellaneous (33.11%)

109.4

120.8

100

Comparison +/-

-

18.3%

11.9%

 
 
 Source: ACCRA, 2011. For more comparisons, visit here.
 
New Castle County Real Estate Rates
 

 

 

Property Type

Quoted Lease Rate

 

 

Office, Class A

$24.72 / SF

Office, Class B

$20.84 / SF

Office, Class C

$22.04 / SF

 

 

Industrial, Flex

$7.02 / SF

Industrial, Warehouse

$4.23 / SF

Industrial, Total

$4.48 / SF

 

 

Retail, Shopping Center

$16.01 / SF

Retail, Overall

16.03 / SF

 

 

 

(Source: Emory Hill, 2011)