Moving to Delaware in 2024? Complete Moving Guide
This is a complete guide for Moving to Delaware.
Get all the information you need to know about moving to Delaware.
Are you thinking of moving to Delaware?
Delaware is nestled in the Mi-Atlantic region and is nicknamed “First State”. It is the second-smallest state in the US, and it is full of history about colonial times. If you are moving here, you must know that the cost of living in Delaware varies from location to location, and it is a tax-friendly state. The state has a growing job market; it is home to several Fortune 500 companies. Delaware experiences four distinct seasons, but summers are more severe and harsh than the winters. You can find some good public and private schools in Delaware. However, this information is limited if you are moving to Delaware. So, let us explore Delaware in detail with our state guide.
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Quick Facts of Delaware
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Top reasons to move to Delaware
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Pros & Cons of Living in Delaware
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Best Neighborhoods in the Delaware
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Cost of living in Delaware
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Delaware job market
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Major industries in Delaware
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Top Career Options in Delaware
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Best things to do in Delaware
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Schools in Delaware
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Type of insurance required in Delaware
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Taxes in Delaware
What are the demographics of Delaware?
Delaware is a perfect mix of different ethnicities and races. The state has a higher median age as compared to the national average. The population of Delaware is increasing, and you can hear different languages everywhere.In this section of this guide, you can study the demographics of the state in terms of gender variation and population distribution by ethnicity-
Male vs Female Population of Delaware 2023
Gender | Estimated Population | Percentage |
---|---|---|
Male | 485,638 | 48.4% |
Female | 517,746 | 51.6% |
Population distribution by Ethnicity in Delaware 2022
Ethnicity | Percentage | Estimated Population |
---|---|---|
White (Non-Hispanic) | 60.0% | 603,000 |
Black or African American (Non-Hispanic) | 22.5% | 226,500 |
Hispanic (any race) | 10.3% | 103,000 |
Asian/Pacific Islander (Non-Hispanic)** | 4.3% | 43,400 |
American Indian/Alaska Native (Non-Hispanic) | 0.3% | 3,000 |
Two or More Races (Non-Hispanic) | Not Provided | * |
What are some quick facts about Delaware?
Here are some quick facts about Delaware that will help you learn something interesting about the state-- Other than “The First State”, Delaware has one more nickname- “Diamond State”.
- Delaware is the sixth most densely populated state in the US, with a population of over 973,000.
- The state bird is a blue hen, and thus it is also given a nickname- “The Blue Hen State”.
- Delaware is a corporate hub with more than 67% of Fortune 500 companies.
- There is no sales tax in Delaware.
- The annual World Championship Punkin Chunkin competition is organized in Delaware. During this event, the participating teams launch pumpkins with homemade devices.
- The number of corporations registered in Delaware is higher than the total number of residents in the state.
- There are only three counties in Delaware.
- Delaware is rich in history and it is known to play a crucial role in American Revolution.
- Delaware is home to a unique court that specializes in business law and it is called the Court of Chancery.
What are the top reasons to move to Delaware?
Relocating is a big step in your life and you want to take all the measures to make this decision successful. Your move can be a great success if you plan it well and have some strong reasons that justify your move.In this section of our guide, we have listed major factors that can encourage you to move to Delaware to start a new chapter of your life-
- Job Market- The job market in Delaware is thriving with a diverse economy. The state attracts professionals from several fields to move here. Though the major industries flourishing in the state include- healthcare, finance and manufacturing.
- Tax-Friendly- Delaware is known for its tax-friendly living as there is no state sales tax and it makes shopping more affordable. Businesses and retirees can benefit from this.
- State location- Delaware is located on the Northeastern coast which increases its proximity to major cities like Baltimore and Philadelphia. This results in easy access to amenities without increasing the cost of living.
- High-quality life- The quality of living in Delaware is better than any other state as it has a slower pace of life. And if you are looking for a family-friendly space then Delaware is a good choice. The state has a strong sense of community.
- Coastal beauty and outdoor recreation- There are many beautiful beaches in the state which offer plenty of space for sunbathing, swimming, diving and more water sports. You can explore the state by hiking, biking, and camping.
What are the Pros and Cons of living in Delaware?
Each state is unique in many ways as it offers some better opportunities to the residents while affecting their lives in some other ways. So, before deciding the destination of your move, it is better to learn its pros and cons. In this section, you can explore the pros and cons of living in Delaware-Pros of living in Delaware | Cons of living in Delaware |
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Offers a variety of beautiful landscapes for outdoor enthusiasts | Winters can be harsh with significant snowfalls |
Easy access to major cities for commuting to work and weekend trips | Job opportunities are limited outside major cities |
Thriving job market with a diverse range of job options | Traffic can be an issue around major cities like Stamford and Hartford |
Rich in arts, culture and history | Property taxes and income taxes are higher in the country |
High quality of life with safe living and top-ranked education | Cost of living is higher than the national average but lower than in major cities like New York City |
What are the best places to live in Delaware?
Delaware is a beautiful city that offers safe living and affordable housing. The state has some of the best places to make your home.To simplify your search, we have compiled the data with the city name, its population, median home value in the city, and the unemployment rate in the city. This data will help you pick the best city as per your moving requirements-
City | Population (Estimated) | Median Home Value (Estimated) | Unemployment Rate (Example) |
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Wilmington | 70,236 | $342,100 | Not available (but Delaware's unemployment rate is 3.6%) |
Newark | 32,854 | $334,850 | 3.8% (https://www.houzeo.com/homes-for-sale/) |
Dover (Capital) | 39,369 | $306,555 | Not available (but Delaware's statewide unemployment rate is 3.6%) |
What are the best neighborhoods in Delaware?
A neighborhood is the first place where you will find new people and make some friends. A family-friendly neighborhood and a locality with a sense of community help people to make their home in a new state or city easily.So, it is important to find a neighborhood where you and your family can find peace, and happiness and feels like home. We know that Delaware has a strong sense of community, so these neighborhoods can be considered a good choice for making a new home-
- Forty Acres, Kent County- It is a perfect community if you are looking for a family-friendly environment with good schools nearby. You can also enjoy its scenic beauty.
- Pike Creek, New Castle County- This neighborhood is a mix of suburban neighborhoods, and has a top-rated school. If you pick this neighborhood, then you can easily access amenities and shopping places.
- Greenville, New Castle County- This neighborhood has a strong sense of community with trendy shops and restaurants. It has some charming and walkable areas.
- North Star, New Castle County- A family-perfect neighborhood with a sense of community, good schools, a safe environment and unlimited recreational options.
- Hockessin, New Castle County- This neighborhood boasts highly rated school districts and vast areas of green spaces to make memories with your families.
- Wilmington Riverfront- This neighborhood is along the Christina River which offers a vibrant environment to the residents. There are plenty of trendy restaurants, shops and spaces to enjoy nightlife.
- Trolley Square, Wilmington- This is a perfect neighborhood for young professionals. They can explore this historic locality by walking around and enjoying shopping and dining.
- Delaware Avenue, Wilmington- A perfect neighborhood for retirees as the location has a slower pace of life. Residents can experience the life of a historic district that offers a mix of architectural styles.
What is the cost of living in Delaware?
The cost of living in any state is one major factor to be considered before planning a relocation. This is the total amount of different costs that define the living including housing, utilities, taxes, food and groceries, etc.The cost of living in Delaware is slightly higher than the national average (about 1%). The cost of housing in Delaware is 2% lower than the national average which can be advantageous if you are planning to buy a house. Utilities are cheaper in Delaware while groceries and clothing are more expensive. It is important to remember that the cost of living depends on the lifestyle of the family.
Cost of Living by Categories in Delaware vs USA
Category | Delaware | USA |
---|---|---|
Overall Cost of Living | 1% Higher | Baseline |
Housing | 2% Lower | Baseline |
Utilities | 3% Lower | Baseline |
Groceries | 4% Higher | Baseline |
Clothing | 4% Higher | Baseline |
Healthcare | 3% Higher | Baseline |
Transportation | (Data not readily available) | Baseline |
Entertainment | 4% Higher | Baseline |
Median House Price in Delaware vs USA
Location | Median House Price |
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Delaware | $315,800 - $385,331 |
United States | $336,300 |
Median Rent Price in Delaware vs USA 2022
Location | Median Rent Price |
---|---|
Delaware | $1,425 - $1,985 per month |
United States | $1,900 per month |
Housing Market in Delaware
The housing market in Delaware is currently in a transition phase where the median home prices are rising irrespective of the low inventory situation. The sales of houses have slowed down with the increase in prices.
Average Rental Cost in Delaware
The average rental costs in Delaware range between $1,600 to $1,950 per month. The rental cost depends on multiple factors like the type of the property, location and also the size of the property.
Median Home Value in Delaware
The median home value in Delaware falls between the range of $315,800 - $385,331. Keep in mind that the house prices can vary significantly depending on multiple factors like size, location, features and more.
How is the job market in Delaware?
The job market in Delaware shows positive signs for job seekers. According to the statistics provided by the Delaware Employment Report, the state has added more than 13,300 jobs in the last twelve months.The job opening rates are higher in the state which means there is a strong demand for workers in several industries. The unemployment rate in Delaware is lower than the national average. Before moving to Delaware, learn about the different aspects of the job market and economy of the state. So, to ease up your relocation planning we have compiled a few details related to the job market in Delaware.
Median Income in Delaware vs USA
Location | Median Income |
---|---|
Delaware | $71,091 - $80,750 |
United States | $67,521 |
Unemployment Rate in Delaware vs USA
Location | Unemployment Rate (March 2024) |
---|---|
Delaware | 3.6% |
United States | 3.9% |
Major Industries in Delaware
The economy of Delaware represents a healthy mix of different industries.- Science & Technology
- Financial services
- Agriculture
- Manufacturing
- Healthcare
- Tourism & Hospitality
- Logistics
- Retail Trade
- Education
Top Career Options in Delaware
There are multiple career options available to the residents of the state. Delaware has a diverse economy with a variety of job opportunities.In this section of our guide, we have listed the career options in the state with their average and entry-level income and the number of employees working on the designation.
Career Position | Average Salary (Annual) | Entry-Level Salary (Annual) | Number of Employees |
---|---|---|---|
Owner-Operator Truck Driver | 148,761 | N/A | N/A |
Psychologist | 171,110 | N/A | N/A |
Neurologist | 180,362 | N/A | N/A |
Loan Officer | 182,644 | N/A | N/A |
Cardiologist | 182,786 | N/A | N/A |
Biggest Companies in Delaware by city and number of employees
The state is home to some top companies and Fortune 500 companies. Let us learn about the companies in the state and the total employees in the company-
Company Name | City | Employees |
---|---|---|
Delaware State Government | Dover | 350,000 |
Nestlé | Wilmington | 328,000 |
Johnson Controls Holding Company, Inc | New Castle | 105,000 |
AstraZeneca | Wilmington | 76,100 |
The Bancorp | Wilmington | 68,796 |
British American Tobacco | Wilmington | 55,000 |
DuPont | Wilmington | 34,000 |
Central Valley Gas Storage, L.L.C | Wilmington | 33,000 |
Chinos Intermediate Holdings B Inc | Wilmington | 18,800 |
HSBC Investments | Wilmington | 15,650 |
What are the best things to do in Delaware?
Moving can be hectic and soon you will start feeling homesick. The best way to easily settle in a new state or city is to start exploring it.You can do the same when you relocate, plan some fun activities with your family, start exploring Delaware and find something you love in the new state. We have compiled some ideas of fun that you can do in Delaware-
- Plan a trip to Rehoboth Beach Broadwalk which is a popular tourist destination. You can enjoy the beauty of beaches, grab a bite at some restaurant and play arcade games.
- Explore beaches, dunes, historic fort and forests at Cape Henlopen State Park. You can also go for outdoor fun like hiking, biking, camping, fishing etc.
- If you are a history lover then visit Hagley Museum and Library. Here you can explore American industry, restored gunpowder mills and more.
- Visit Brandywine Valley and immerse yourself in the beauty of nature. This valley is known for its rolling hills, gardens, vineyards and more.
- Take your family on a scenic ferry ride across Delaware Bay on the Cape May-Lewes Ferry. You can enjoy the coastline, and watch dolphins or whales on the way.
- For a thrill-loving person, the NASCAR race at the Dover International Speedway is the perfect spot for fun. This is one of the premier motorsports’ venues in the US.
- Enjoy birdwatching, kayaking, and hiking at the Bombay Hook National Wildlife Refuge. This is a haven for migratory birds, waterfowl and more.
- Spent an evening watching shows at a historic theater in Wilmington- The Grand Opera House.
What are the best schools in Delaware?
When you plan a move, finding a good school is one of the major tasks on your moving checklist.So, to cross off this task from your list, we have prepared a list of good schools and colleges in Delaware. Check out the table below and find the best-suited educational institution for your children.
Elementary Schools in Delaware
- Newark Charter School, Newark
- Olive B. Loss Elementary School, Appoquinimink School District
- Sussex Academy, Georgetown
- Cedar lane Elementary School, Appoquinimink School District
- Lorewood Grove Elementary School, Appoquinimink School District
Middle Schools in Delaware
- Tower Hill School, Wilmington
- Wilmington Friends School, Wilmington
- Sanford School, Hockessin
- Newark Charter School, Newark
- Cab Calloway School of the Arts, Red Clay Consolidated School District
High Schools in Delaware
- Charter School of Wilmington, Wilmington
- Newark Charter School, Newark
- Cab Calloway School of the Arts, Wilmington
- Conard Schools of Science, Wilmington
- Sussex Academy, Georgetown
Colleges and Universities in Delaware
- University of Delaware, Newark
- Goldey-Beacom College, Wilmington
- Delaware State University, Dover
- Wilmington University, New Castle
- Wesley College, Dover
Which insurance is required in Delaware?
There are no mandatory insurances required by the residents of the Delaware. There are certain situations where insurance is mandatory by law. In this section of our guide, we have listed all the insurances that the residents of Delaware must have-Auto Insurance- If you drive a vehicle in Delaware, then it is mandated by law to have auto insurance. The minimum liability coverage of the policy is-
- $15,000 bodily injury liability per person
- $30,000 bodily injury liability per accident
- $5,000 property damage liability per accident
Renters Insurance- If you rent your property then you should have a renter’s insurance. This insurance will protect your belongings from theft, or damage caused by unfortunate incidents.
Homeowners Insurance- This type of insurance is not required by law but it will protect your house from damage or loss caused due to covered events like fire, vandalism, theft, or natural causes.
Health Insurance- Having health insurance provides you with mental peace as this insurance policy will cover the costs of the medical expenses in the case of injury or illness.
Life Insurance- Each individual must have life insurance even if it is not mandated by the law. As this insurance will provide financial support to your family in the event of your death.
Flood Insurance- Flood insurance is highly recommended in Delaware as there are many low-lying areas in the state. Flooding can occur in outside designated zones and your house needs protection in such an event.
What different taxes are applicable in Delaware?
Taxes are one of the major factors that can affect the cost of living in a state. As mentioned earlier there is no sales tax in the state, but there are other taxes imposed on the residents. Here you can check out which taxes can affect your cost of living-- Income Tax- The state has a graduated system for income tax which means the tax rate increases with the increase in taxable income. The tax rate ranges between 2.2% to 6.6%. You must remember that there are taxes on pensions and 401(k) income in Delaware, but there are a few exemptions for senior citizens.
- Property Tax- The property taxes in the state are lower than the national average and its rates depend on the location and assessed value of the property. The highest property taxes in Delaware are in New Castle County.
- Sales Tax- There are no sales taxes in Delaware but some localities impose sales taxes including Kent County and Sussex County.
- Vehicle Registration Fees- Each vehicle when moving into the state has to pay a registration fee to register your vehicle with the state.
- Excise Taxes- The state imposes taxes on specific goods like gasoline and alcohol
Disclaimer: The information provided in this guide is for informational purposes only and should not be construed as legal, financial, or professional advice. It is recommended to conduct thorough research and consult relevant experts before making any decisions related to relocation.
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