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Economy in Magnolia, Delaware

Overview, People, Health, Economy, Housing, Rankings, Climate
Crime, Comments, Transportation, Cost of Living, Religion, Voting

EconomyMagnolia, DEUnited States
Unemployment Rate6.80%8.60%
Recent Job Growth1.97%0.35%
Future Job Growth37.14%32.10%
Sales Taxes0.00%5.00%
Income Taxes5.55%4.70%
Income per Cap.$24,560$26,154
Household Income$59,289$50,935
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K5.63%12.37%
Income between 15K and 25K11.27%10.53%
Income between 25K and 35K7.04%10.88%
Income between 35K and 50K14.08%15.37%
Income between 50K and 75K29.58%20.14%
Income between 75K and 100K16.90%12.41%
Income between 100K and 150K14.08%11.27%
Income between 150K and 250K2.82%5.01%
Income between 250K and 500K0.00%1.86%
Income greater than 500K0.00%0.16%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations11.11%14.04%
Professional and Related Occupations18.89%20.61%
Service17.78%14.45%
Sales and Office21.11%26.75%
Farming, Fishing, and Forestry1.11%0.70%
Construction, Extraction, and Maintenance12.22%9.42%
Production, Transportation, and Material Moving17.78%14.05%


Median Household Income

The unemployment rate in Magnolia, DE, is 6.80%, with job growth of 1.97%. Future job growth over the next ten years is predicted to be 37.14%.

Magnolia, DE Taxes

Magnolia, DE,sales tax rate is 0.00%. Income tax is 5.55%.

Magnolia, DE Income and Salaries

The income per capita is $24,560, which includes all adults and children. The median household income is $59,289.


Magnolia Economy SperlingViews

Is this a good place to relocate to?: I am a single middle-aged woman looking to relocate to Delaware from Rural West Virginia. I'm looking for a place to build a small home or buy one that I can affordably... (read more)Getting the Most for My Dollar: I believe Sperling meant to list Magnolia's population as 10,246 --not simply 246. There are more than 246 people on my street alone. I have no clue as to how our... (read more)Have an opinion about Magnolia? Leave a commentTo See All SperlingViews for Magnolia Click Here