Living in Delaware: Income, Housing, Taxes & Cost of Living (2026)

Table of Contents

Delaware at a Glance

Metric Value National Rank
Population (2024) 1.02 million 45th
Median household income $75,340 22nd
Median home price $360,000 Above average
Cost of living index 108 Slightly above average
State income tax 2.2-6.6% Above average
Sales tax 0% Only 5 states at 0%
Property tax (effective rate) 0.57% 10th lowest

Income and Housing

Area Median Household Income Median Home Price Median Rent (2BR)
Wilmington/New Castle County $80,200 $340,000 $1,450
Dover/Kent County $62,400 $285,000 $1,200
Rehoboth/Sussex County $64,800 $410,000 $1,500
State Average $75,340 $360,000 $1,350

Taxes in Delaware

Tax Type Rate
Income tax 2.2% to 6.6% (graduated)
Sales tax 0%
Property tax (avg effective) 0.57%
Social Security tax No state tax on SS
$65+ pension/retirement exclusion Up to $12,500 excluded

Total Tax Burden

Gross Income Federal DE Income Tax FICA Property ($360K) Total Rate
$75,000 $8,115 $3,480 $5,738 $2,052 25.8%
$100,000 $13,615 $5,130 $7,650 $2,052 28.4%

Delaware Pros and Cons

Financial Pros Financial Cons
No sales tax (save $1,000-$2,500/year) Above-average income tax (6.6% top rate)
Low property taxes (0.57%) Limited job market (small state)
Corporate-friendly (many HQs) Housing costs rising in beach areas
No tax on Social Security Higher car insurance rates
Close to Philadelphia, DC, and NYC Small-state limitations

Related: Cost of Living by State | State Income Tax Rates | Property Tax by State | States with No Income Tax