Delanco, NJ is a small town located in Burlington County with approximately 4,300 residents. It is known for its quiet atmosphere and suburban feel. Living in Delanco is relatively affordable due to the lower housing costs and overall cost of living index when compared to the US average. The median 2 bedroom rent rate in Delanco is just $1,590, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Delanco is 104 versus 100 in the US making groceries more affordable here as well. There are many local businesses that help to make this town a great place to live including S&H Lumber Company, Lumberville General Store, and Beck's Tavern & Restaurant. With its affordable cost of living and unique local businesses, Delanco is an ideal place for anyone looking for a quiet place to live near Philadelphia.
Delanco has an unemployment rate of 6.4%. The US average is 6.0%.
Delanco has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Delanco
- The Sales Tax Rate for Delanco is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Delanco is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Delanco
- The average income of a Delanco resident is $38,043 a year. The US average is $28,555 a year.
- The Median household income of a Delanco resident is $66,741 a year. The US average is $69,021 a year.