Camden, DE is a small town located in Kent County. It is known for its historic charm and rural surroundings. The cost of living in Camden is lower than the national average, with an average 2 bedroom rent of $1,330 as compared to the US average rent of $1,430. Grocery costs also tend to be lower in Camden with an index of 104 versus 100 in the US. Despite its small size, there are many local businesses that call Camden home such as the popular do-it-yourself store Lowe's and Penco Products which specializes in office furniture and supplies. There are also several restaurants ranging from casual dining spots to upscale eateries that cater to all tastes and budgets. Overall, Camden offers a unique mix of both modern amenities and rural charm for people looking for a peaceful place to call home.
Camden has an unemployment rate of 7.5%. The US average is 6.0%.
Camden has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Camden
- The Sales Tax Rate for Camden is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Camden 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 Camden
- The average income of a Camden resident is $25,597 a year. The US average is $28,555 a year.
- The Median household income of a Camden resident is $65,023 a year. The US average is $69,021 a year.