Cost of living in Laurel-Delmar, Delaware

Cost of living
compared to USA

the highest

Cost of living
compared to Delaware

high

Median household
income

low

Is it expensive to live in Laurel-Delmar, Delaware? When calculating the cost of living in Laurel-Delmar, Delaware we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Laurel-Delmar, Delaware is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Delaware, while median household income in Laurel-Delmar is $52,318 which is low Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Delaware.

Taxes in Laurel-Delmar, Delaware

The sales tax rate in Laurel-Delmar, Delaware is 0.8%. Last year, the average property taxes paid was 0.3% Laurel-Delmar, Delaware.

Here is the table with the State Income Taxes in the state of Delaware:

State Income Tax Brackets:

Income Brackets(single):	Income Brackets(Married):	Delaware Income Tax Rate
$2,000 - $5,000	$2,000 - $5,000	2.2%
$5,000 - $10,000	$5,000 - $10,000	3.9%
$10,000 - $20,000	$10,000 - $20,000	4.8%
$20,000 - $25,000	$20,000 - $25,000	5.2%
$25,000 - $60,000	$25,000 - $60,000	5.5%
>= $60,000	>= $60,000	6.6%

Housing costs in Laurel-Delmar, Delaware

The average cost of
a single-family home
compated to USA

high

The average cost of
a single-family home
compated to Delaware

high

In Laurel-Delmar, Delaware, 72.0% of the population owns their homes, while approximately 28.0% rent. The average cost of a single-family home in Laurel-Delmar, Delaware in 2023 is $340,763 which is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Delaware. The average one-bedroom apartment cost is approximately $930 per month.

Rental Size	Monthly Cost	Compared to Delaware
1 Bedroom	$930	the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom	$1,219	the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom	$1,559	the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom	$1,915	the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest