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Economy in Magnolia, Delaware

Overview, People, Health, Economy, Housing, Rankings, Crime
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Economy
EconomyMagnolia, DEUnited States
Unemployment Rate8.20%9.10%
Recent Job Growth-0.43%-0.12%
Future Job Growth30.94%31.25%
Sales Taxes0.00%6.80%
Income Taxes5.95%6.25%
Income per Cap.$22,846$27,067
Household Income$63,651$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K3.88%12.10%
Income between 15K and 25K12.62%10.18%
Income between 25K and 35K5.83%10.56%
Income between 35K and 50K12.62%14.98%
Income between 50K and 75K28.16%19.53%
Income between 75K and 100K19.42%12.52%
Income between 100K and 150K14.56%12.14%
Income between 150K and 250K2.91%3.91%
Income between 250K and 500K0.00%3.34%
Income greater than 500K0.00%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations10.56%13.81%
Professional and Related Occupations27.46%22.68%
Service14.79%14.51%
Sales and Office21.83%25.22%
Farming, Fishing, and Forestry0.00%0.68%
Construction, Extraction, and Maintenance11.27%9.37%
Production, Transportation, and Material Moving22.54%15.86%
Median Household Income

The unemployment rate in Magnolia, DE, is 8.20%, with job growth of -0.43%. Future job growth over the next ten years is predicted to be 30.94%.

Magnolia, DE Taxes

Magnolia, DE,sales tax rate is 0.00%. Income tax is 5.95%.

Magnolia, DE Income and Salaries

The income per capita is $22,846, which includes all adults and children. The median household income is $63,651.


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