The group estimates a family of two adults and two children in Delaware County would need to earn a combined $93,136 per year — or $7,761 a month — to live comfortably.
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How much do you need to live comfortably in Delaware?
A family with two adults with two children in the state of Delaware would need to earn approximately $7,761 each month or $93,136 per annum to live comfortably here.
What is a good salary in Delaware?
Average Salary in Delaware
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $84,667 | $41 |
| 75th Percentile | $69,615 | $33 |
| Average | $62,390 | $30 |
| 25th Percentile | $46,567 | $22 |
Is Delaware expensive to live in?
What Is Delaware’s Cost of Living? While Delaware’s does have a low cost of living compared to the region, it is still roughly 13% higher than the national average. It’s average income, though, is high enough to place it in the nation’s top 10 for that category.
Does Delaware have a low cost of living?
Surprisingly, the capital of the First State remains one of the most affordable places to live in the state and has many people relocating to Delaware.The area features the lowest closing costs and mortgage rates of all Delaware counties and its residents have a median income in line with the national average.
Is it cheaper to live in Delaware or North Carolina?
The cost of living in Wilmington, DE is 10.4% higher than in Charlotte, NC. You would have to earn a salary of $66,241 to maintain your current standard of living. Employers in Wilmington, DE typically pay 8.8% more than employeers in Charlotte, NC.
How much money do you need to live in Delaware?
Our cost of living indices are based on a US average of 100. An amount below 100 means Delaware is cheaper than the US average.
Delaware cost of living is 102.7.
| COST OF LIVING | Delaware | United States |
|---|---|---|
| Health | 115.7 | 100 |
| Housing | 100.3 | 100 |
| Median Home Cost | $304,500 | $291,700 |
| Utilities | 105.2 | 100 |
What jobs are in high demand in Delaware?
Detailed List Of The Fastest Growing Jobs In Delaware
| Rank | Job Title | Growth % |
|---|---|---|
| 1 | Home Health Aid | 130.1% |
| 2 | Personal Care Assistant | 128.7% |
| 3 | Business Analyst | 122.0% |
| 4 | Electrician | 118.3% |
What are the most common jobs in Delaware?
The most common jobs held by residents of Delaware, by number of employees, are Registered nurses (14,460 people), Other managers (11,416 people), and Retail salespersons (10,150 people).
Is Delaware a good place to live?
Delaware’s scenic beauty, low taxes and affordable housing make this tiny state a wonderful place to live, work and play.Increasing numbers of people – from young couples to retirees – have discovered the wide-ranging benefits of Delaware living.
Is it cheaper to live in DE or MD?
The cost of living in Delaware City, DE is 1.3% higher than in Baltimore, MD. You would have to earn a salary of $60,776 to maintain your current standard of living. Employers in Delaware City, DE typically pay 3.6% more than employeers in Baltimore, MD.
Is Delaware a poor state?
poverty rate was 11.8%, which is lower than the rate of 13.4% throughout the United States as a whole. When compared to other states in the region, Delaware’s poverty rate was higher than the five year poverty rates for either Maryland (9.2%), or New Jersey (10.0%), but lower than Pennsylvania (12.4%).
Is it cheaper to live in Delaware or Virginia?
The cost of living in Delaware City, DE is 21.8% higher than in Virginia State University, VA. You would have to earn a salary of $73,080 to maintain your current standard of living. Employers in Delaware City, DE typically pay 7.2% more than employeers in Virginia State University, VA.
Where is the most affordable place to live in Delaware?
For the third consecutive year Pike Creek is the most affordable place to live in Delaware, according to a new study from SmartAsset. The study, which compares income to homeowner expenses, outlined the 10 most affordable places to live in each state.
What is the safest place to live in Delaware?
Here are the 10 Safest Cities in Delaware for 2021
- Lewes.
- Middletown.
- Elsmere.
- Newark.
- Smyrna.
- New Castle.
- Camden.
- Harrington.
What is the average cost of a home in Delaware?
Home Values
Zillow’s median home value for Delaware is $236,300, and the median list price per square foot is $152 (compare to Zillow’s US median home value of $231,000); the median price for homes currently on the market in Delaware is $300,000; and the median final sale price is $232,300.
What are the benefits of living in Delaware?
Other benefits of Delaware living:
- Delaware Named Most Tax-Friendly State and Most Tax-Friendly State for Retirees by Kiplinger’s Personal Finance Magazine.
- Social Security benefits are not taxed.
- No state or local sales tax.
- No inheritance tax.
- No personal property tax.
How much are utilities in Delaware?
Utility Costs in Delaware
The average monthly electricity cost in Delaware is $107.82, natural gas is $119.17, internet rate is $55.00 (60 Mbps), cable is $100.00, and water is $40.00. On average, the total cost of utilities per month in this state is estimated at $421.99 while the national average is $422.08.
Why do corporations move to Delaware?
The advantages of incorporating here include: The state offers some tax benefits. Delaware doesn’t impose income tax on corporations registered in the state which don’t do business in the state. Also, shareholders who don’t reside in Delaware need not pay tax on shares in the state.
What are some special products made in Delaware?
Chief Products
- Agriculture. Broilers, soybeans, corn, milk.
- Fishing Industry. Crabs, clams.
- Manufacturing. Chemicals, food products, paper products, rubber and plastics products, primary metals, printed materials.
- Mining. Sand and gravel, magnesium compounds.
What’s the highest paying job in Delaware?
Operator And Truck Driver
Detailed List Of Highest Paying Jobs In Delaware
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Operator And Truck Driver | $138,495 |
| 2 | Driver/owner Operator | $118,839 |
| 3 | Manager | $104,553 |
| 4 | Engineer | $81,296 |
