Townsend, DE is a small town located in New Castle County, with a high quality of life and affordable living. Rent for two bedrooms is $1,670 compared to the US average of $1,430. The cost of groceries also tends to be higher in Townsend than the US national average with an index of 107 versus 100 in the US. Residents enjoy access to some local businesses such as Townsend Hardware and Mid-Delaware Antiques. All in all, Townsend offers many comforts at an affordable price when compared to its larger counterparts across the country.
Townsend has an unemployment rate of 6.5%. The US average is 6.0%.
Townsend 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 Townsend
- The Sales Tax Rate for Townsend is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Townsend 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 Townsend
- The average income of a Townsend resident is $27,428 a year. The US average is $28,555 a year.
- The Median household income of a Townsend resident is $142,115 a year. The US average is $69,021 a year.