Zip 19720 (New Castle, DE) Economy


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19720 New Castle, DE has an average 2 bedroom rent of $1,420 which is slightly lower than the US average rental price of $1,430. Additionally, the Grocery Cost Index in 19720 is 103 versus the US average of 100. This suggests that living in 19720 New Castle may be more affordable than other areas. The area is home to many local businesses such as Applebee's, Dollar General, and Five Below which offer a variety of goods and services to the residents. Other notable companies include Walmart Supercenter, Taco Bell, and Lowe's Home Improvement Warehouse – all within easy driving distance for 19720 New Castle residents.

New Castle (zip 19720) has an unemployment rate of 6.5%. The US average is 6.0%.

New Castle (zip 19720) 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 (zip 19720)
- The Sales Tax Rate for New Castle (zip 19720) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for New Castle (zip 19720) 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 (zip 19720)
- The average income of a New Castle (zip 19720) resident is $24,537 a year. The US average is $28,555 a year.
- The Median household income of a New Castle (zip 19720) resident is $67,700 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%
  $33,828$37,638
  $67,700$69,021
  $83,990$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  5.0%6.8%
  8.4%10.0%
  1.9%2.5%
  11.5%11.0%
  7.7%4.8%
  0.7%0.8%
  1.6%1.9%
  8.1%4.7%
  1.2%1.9%
  4.5%7.6%
  0.1%0.1%
  5.6%4.2%
  7.9%9.3%
  15.8%14.0%
  1.1%2.1%
  5.9%7.0%
  5.1%4.8%
  7.1%4.7%
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