Living in Delaware: Income, Housing, Taxes & Cost of Living (2026)
By Wealthvieu
Β·
Updated
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