Felton, DE is a small town located in Kent County with a population of 1,798. It is known for its low cost of living and affordable housing prices. The median rent for a two bedroom apartment in this area is $1,170, which is significantly lower than the national average of $1,430. The Grocery Cost Index in Felton is also lower than the US at 104, making it an ideal place for those who want to save on their expenses.
The area offers plenty of local businesses ranging from fitness centers to convenience stores. Additionally, several banks and financial institutions have branches here such as PNC Bank and Wells Fargo. This makes it convenient for residents to access banking services nearby.
Felton’s lower rental prices make it an attractive option for those looking for an affordable place to live in Delaware without sacrificing quality of life. Furthermore, its low Grocery Cost Index ensures that residents can still purchase groceries without breaking the bank.
Felton has an unemployment rate of 7.5%. The US average is 6.0%.
Felton 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 Felton
- The Sales Tax Rate for Felton is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Felton 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 Felton
- The average income of a Felton resident is $22,697 a year. The US average is $28,555 a year.
- The Median household income of a Felton resident is $55,833 a year. The US average is $69,021 a year.