Zip 19956 (Laurel, DE) Economy


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In 19956 Laurel, DE, the average cost of a 2 bedroom rental is $890, which is much lower than the US average of $1,430. Additionally, grocery costs index in Laurel is 105 versus 100 in the US. This makes Laurel an attractive place to live for those looking for a more affordable living option. Laurel is home to many local businesses such as Lauryl Station Coffee, The Granary Restaurant and Bakery, and Marshyhope Vineyards. These companies provide residents with quality products and services while also supporting the local economy.

Laurel (zip 19956) has an unemployment rate of 6.4%. The US average is 6.0%.

Laurel (zip 19956) has seen the job market decrease by -6.0% 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 Laurel (zip 19956)
- The Sales Tax Rate for Laurel (zip 19956) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Laurel (zip 19956) 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 Laurel (zip 19956)
- The average income of a Laurel (zip 19956) resident is $23,750 a year. The US average is $37,638 a year.
- The Median household income of a Laurel (zip 19956) resident is $51,171 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLaurel, DelawareUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Laurel
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Over 16 years ago

Community leaders are making efforts to provide housing for all income  More

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