Bear, DE is an attractive place to live due to the many amenities and opportunities it offers its residents. The cost of living in Bear is lower than the national average, with an average 2 bedroom rent of $1,680, versus $1,430 in the US. The grocery cost index also stands at 104 versus 100 in the US. This makes it easy for residents to get everything they need in Bear without having to travel too far or pay too much.
Furthermore, Bear has several thriving businesses within its community such as The Well Street Market which offers locally sourced produce and artisanal items; Kudu Coffee & Craft beer providing a unique combination of coffee and craft beer; and La Casa Pasta for Italian classics made with locally-sourced ingredients. These businesses provide members of the local community not only with goods but also job opportunities that create a robust economy. \n \nIn addition to excellent economic prospects, Bear has a range of recreational opportunities such as hiking trails located at nearby White Clay Creek State Park as well as various festivals throughout the year that bring people together from all over Delaware. It's no wonder why so many people are drawn to this charming town and make it their home.
Bear has an unemployment rate of 6.5%. The US average is 6.0%.
Bear has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 32.9%, which is lower than the US average of 33.5%.
Tax Rates for Bear
- The Sales Tax Rate for Bear is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Bear 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 Bear
- The average income of a Bear resident is $25,336 a year. The US average is $28,555 a year.
- The Median household income of a Bear resident is $79,981 a year. The US average is $69,021 a year.