New Castle County, DE Economy


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United States / Delaware / / New Castle County / Cities / Zip Codes
New Castle, DE County is a great place to live with many local companies providing economic opportunities. Cost of living is relatively higher than the US average, with the average rent for two bedroom apartments costing around $1,470 compared to $1,430 nationally. Grocery costs in New Castle are also higher, with an index of 105 compared to 100 across the country. Many local businesses populate the area including The Chemours Company , DuPont and Artesian Resources Corporation providing employment and contributing to the local economy. With its renowned hospitality and rich cultural heritage, New Castle is an ideal place to call home.

New Castle County has an unemployment rate of 6.5%. The US average is 6.0%.

New Castle County 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 New Castle County
- The Sales Tax Rate for New Castle County is 0.0%. The US average is 7.3%.
- The Income Tax Rate for New Castle County 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 New Castle County
- The average income of a New Castle County resident is $41,428 a year. The US average is $37,638 a year.
- The Median household income of a New Castle County resident is $78,428 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Castle, DelawareUnited States
  6.56
  -5.0%-6.2%
  32.9%33.5%
  0.0%6.2%
  5.6%4.6%
  $41,428$37,638
  $78,428$69,021
  $98,666$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  5.8%6.8%
  7.4%10.0%
  2.1%2.5%
  10.6%11.0%
  5.4%4.8%
  0.9%0.8%
  1.3%1.9%
  10.5%4.7%
  1.5%1.9%
  7.3%7.6%
  0.2%0.1%
  4.3%4.2%
  10.3%9.3%
  14.9%14.0%
  1.9%2.1%
  6.0%7.0%
  4.0%4.8%
  5.0%4.7%
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