Financial Profile: Delaware
Financial landscape, tax rates, cost of living, and median income scoring for Delaware residents.
Delaware at a Glance
Avg Salary
$58,000
Cost of Living
103
Top Tax Rate
6.6%
Adjusted Income
$56,310
Monthly Take-Home
$3,730
Max Rent (30%)
$1,449
Financial Genome at Median Income
Scores calculated for someone earning $58,000/yr in Delaware with typical expenses.
PPI
40
C
FPI
25
F
LRS
53
C+
REW
30
D
Living in Delaware: Financial Overview
Delaware has graduated income tax rates from 2.2% to 6.6%. The city of Wilmington also levies a local tax.
- No sales tax
- Corporate-friendly state
- Wilmington city tax
Major Cities
Wilmington, Dover, Newark
With a cost of living index of 103 (above the national average of 100), expenses are higher in Delaware. A $60,000 salary here has the purchasing power equivalent of only $58,252 in an average-cost area.
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