Fenwick Island, DE is an ideal place to live with a range of amenities and businesses. It offers a coastal atmosphere and is conveniently located near popular vacation spots in Delaware and Maryland. The average 2 bedroom rent is notably lower than the national average at $1,170 versus $1,430 respectively. The grocery cost index of Fenwick Island is also lower than the US average of 120 versus 100. Local businesses include Fenwick Hardware and Supply Company, Cafe on 26, Ocean Odyssey Adventure Golf, Farmhouse Restaurant & Pub, and Ocean City Boat Rentals all offering unique experiences in Fenwick Island. There are also many beaches nearby as well as the historic Bethany Beach Boardwalk that offer plenty of opportunities for entertainment and relaxation.
Fenwick Island has an unemployment rate of 6.4%. The US average is 6.0%.
Fenwick Island has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Fenwick Island
- The Sales Tax Rate for Fenwick Island is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Fenwick Island 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 Fenwick Island
- The average income of a Fenwick Island resident is $64,366 a year. The US average is $28,555 a year.
- The Median household income of a Fenwick Island resident is $108,750 a year. The US average is $69,021 a year.