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Lewes, Camden, Townsend: These cities aren't just some of the best places to live in Delaware. They are also home to some of the richest people in the First State.
Lewes in particular houses the richest residents in the state thanks, in part, to a median household income of $86,417 and a ridiculously low poverty rate of 4.5778229908443535%.
If you're thinking of moving to one of these towns, you'll probably need to start saving. The richest places in Delaware share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
How did we come up with these mega wealthy cities? We analyzed Census data from the 2014-2018 American Community Survey for the 21 places in Delaware with more than 2,000 people.
At the end of the day, here's the set of the 10 richest places in Delaware for 2020:
- Lewes (Photos | Homes For Sale)
- Camden (Photos | Homes For Sale)
- Townsend (Photos | Homes For Sale)
- Ocean View (Photos | Homes For Sale)
- Middl (Photos | Homes For Sale)
- Selbyville (Photos | Homes For Sale)
- New Castle (Photos | Homes For Sale)
- Milton (Photos | Homes For Sale)
- Clayton (Photos | Homes For Sale)
- Smyrna (Photos | Homes For Sale)
For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Delaware.
Rich people not your cup of tea? Feel free to check out some more reading about Delaware:
The 10 Richest Cities In Delaware For 2020
New Castle is a city in New Castle County, Delaware, six miles south of Wilmington, situated on the Delaware River. In 1900, 3,380 people lived here; in 1910, 3,351. According to the 2010 Census, the population of the city is 5,285.
Smyrna is a town in Kent and New Castle counties in the U.S. state of Delaware. It is part of the Dover, Delaware Metropolitan Statistical Area. According to the Census Bureau, as of 2010, the population of the town is 10,023.
How We Determined The Richest Places In Delaware For 2020
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2014-2018 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 21 places with more than 2,000 people in Delaware, we ranked each place from 1 to 21 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, Lewes, crowned the "Richest City In Delaware For 2020". You can download the data here.
You can learn more about the top ten below or skip to the end to see the rankings for all 21 places.
There You Have It - The Wealthiest Places In Delaware For 2020
Like we said earlier, when we set out to identify the richest places in Delaware, we weren't sure what we'd encounter, but it ended up being some of the best places to live in Delaware.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you're curious enough, here are the poorest cities in Delaware, according to data:
2nd Poorest: Laurel
3rd Poorest: Georg
For more Delaware reading, check out:
- Safest Places In Delaware
- Best Places To Retire In Delaware
- Best Places To Raise A Family In Delaware
Detailed List Of The Richest Cities In Delaware