Selbyville, DE is a suburban town located in Sussex County. It has a small population and offers a slower pace of life than many other cities. Living expenses, such as rent and groceries, are relatively inexpensive in Selbyville compared to the US average. The median two-bedroom rent in Selbyville is $1,150, while the national average is significantly higher at $1,430. Groceries are also more affordable with a grocery cost index of 108 in Selbyville versus 100 in the US. Local companies include Peninsula Petroleum Corp., Action Welding & Fabrication Inc., and Mears Point Marina & Yacht Yard.
Selbyville has an unemployment rate of 6.4%. The US average is 6.0%.
Selbyville has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Selbyville
- The Sales Tax Rate for Selbyville is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Selbyville is 6.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Selbyville
- The average income of a Selbyville resident is $19,072 a year. The US average is $28,555 a year.
- The Median household income of a Selbyville resident is $77,974 a year. The US average is $69,021 a year.