North Star, Hockessin, Pike Creek: 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.
North Star in particular houses the richest residents in the state thanks, in part, to a median household income of $149,205 and a ridiculously low poverty rate of 1.6%.
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.
After analyzing Census data from the 2010-2014 American Community Survey for the 20 places in Delaware with more than 5,000 people, we were left with this set of the ten richest places in the First State:
- North Star
- Pike Creek
- Pike Creek Valley
- New Castle
For more on how we calculated the top ten, read on or skip to the end for the full list. Oh, and the poorest place in Delaware? That would be Wilmington.
How We Determined The Richest Places In Delaware
The first thing that comes to most people’s minds when they think about determining the richest places is simply how much people earn. After all, rich people have really high salaries.
However, we don’t think 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 2010-2014 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 20 places with more than 5,000 people in Delaware, we ranked each place from 1 to 20 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, North Star, crowned the “Richest Place In Delaware”.
You can learn more about the top ten below or skip to the end to see the rankings for all 20 places.
1. North Star
Population: 7,655 Median Income: 14920500.0%
Poverty Level: 1.6%
Unemployment Rate: 3.0%
Population: 13,620 Median Income: 12143200.0%
Poverty Level: 2.9%
Unemployment Rate: 4.6%
3. Pike Creek
Population: 8,142 Median Income: 11345600.0%
Poverty Level: 2.0%
Unemployment Rate: 5.6%
4. Pike Creek Valley
Population: 10,509 Median Income: 7314900.0%
Poverty Level: 3.9%
Unemployment Rate: 5.8%
Population: 19,469Median Income: 8370100.0%
Poverty Level: 4.5%
Unemployment Rate: 5.7%
Population: 14,962 Median Income: 8687900.0%
Poverty Level: 6.6%
Unemployment Rate: 9.2%
Population: 6,089 Median Income: 5862700.0%
Poverty Level: 3.9%
Unemployment Rate: 9.1%
8. New Castle
Population: 5,346Median Income: 5342000.0%
Poverty Level: 10.3%
Unemployment Rate: 7.7%
Population: 19,732Median Income: 6064700.0%
Poverty Level: 11.3%
Unemployment Rate: 7.9%
Population: 13,585 Median Income: 5847000.0%
Poverty Level: 8.3%
Unemployment Rate: 9.4%
There You Have It – The Richest Places In Delaware
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 DE, according to data:
2nd Poorest: Dover
3rd Poorest: Seaford
For more Delaware reading , check out:
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- These Are The 10 Most Redneck Cities In Delaware
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Detailed List Of Richest Places In Delaware
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