Middl, Townsend, Lewes: 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.
Middl in particular houses the richest residents in the state thanks, in part, to a median household income of $87,250 and a ridiculously low poverty rate of 4.8%.
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 2012-2016 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 2018:
- Ocean View
- New Castle (Photos)
- Smyrna (Photos)
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.
How We Determined The Richest Places In Delaware For 2018
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 2012-2016 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, Middl, crowned the ‘Richest Place In Delaware For 2018’.
You can learn more about the top ten below or skip to the end to see the rankings for all 21 places.
Population: 20,045Median Income: $87,250
Unemployment Rate: 4.5%
Poverty Rate: 4.8%
Population: 2,320Median Income: $105,000
Unemployment Rate: 3.7%
Poverty Rate: 8.6%
Population: 2,955Median Income: $66,583
Unemployment Rate: 4.0%
Poverty Rate: 8.0%
Population: 3,494Median Income: $61,480
Unemployment Rate: 5.5%
Poverty Rate: 5.9%
5. Ocean View
Population: 2,087Median Income: $72,070
Unemployment Rate: 7.5%
Poverty Rate: 7.8%
6. New Castle
Population: 5,372Median Income: $59,657
Unemployment Rate: 4.9%
Poverty Rate: 11.7%
New Castle is a city in New Castle County, Delaware, six miles (10 km) 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.
Population: 11,081Median Income: $53,941
Unemployment Rate: 5.9%
Poverty Rate: 8.3%
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.
Population: 2,268Median Income: $45,132
Unemployment Rate: 3.2%
Poverty Rate: 10.6%
Population: 3,080Median Income: $62,422
Unemployment Rate: 7.1%
Poverty Rate: 12.2%
Population: 2,756Median Income: $48,194
Unemployment Rate: 6.0%
Poverty Rate: 12.7%
There You Have It – The Richest Places In Delaware For 2018
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: Wilmington
3rd Poorest: Harrington
For more Delaware reading , check out:
Detailed List Of The Richest Cities In Delaware