Top 10 Richest Cities In Delaware

Like all states, Delaware has a wide range of cities and towns in terms of average income. However, among 57 incorporated places, including cities, towers, and villages, there are still outstanding economic highlights, contributing to the development and wealth of this land. In this article, we'll take a closer look at the top 10 richest cities in Delaware to explore the key factors that make these cities different from others.

1. Townsend | $142,115

• Population: 2,671

• Median Income: $142,115

• Unemployment Rate: 2.1%

• Poverty Rate: 1.4%

If you have the opportunity to set foot in Townsend, you will likely be deceived by its peaceful appearance. Behind that charm and peace, this city is hiding an extremely bustling and strong economy with a median income is up to $142,115. Its strategic position near the Chesapeake and Delaware Canal has played a significant role in its development and growth. As a result, more and more families are choosing to make this top 1 richest city in Delaware their home.

Its location near the Chesapeake and Delaware Canal has facilitated trade and commerce, attracting businesses and contributing to the town's economic growth. The presence of thriving industries and job opportunities has made Townsend an attractive destination for individuals and families looking for employment prospects and financial stability.

Moreover, as we have mentioned, Townsend is famous for its tranquil atmosphere. The town is characterized by its peaceful surroundings, which make it an ideal place for those seeking a slower pace of life away from the hustle and bustle of larger cities. The abundance of green spaces and parks in and around Townsend further enhances its serene ambiance, providing residents with opportunities for outdoor activities and relaxation.

2. Middletown | $93,750

• Population: 23,001

• Median Income: $93,750

• Unemployment Rate: 8.9%

• Poverty Rate: 7.3%

Large population, thriving businesses, convenient access to major highways, and historic preservation. Those are outstanding highlights that people will never forget every time Middle is mentioned. In this city that is in the top 10 richest cities in Delaware, the city's economic success, combined with its charming historic district, sets it apart as a standout destination in the state.

The city's thriving business district is a testament to Middletown's economic growth. The presence of numerous businesses, shopping centers, and restaurants reflects a vibrant local economy. Middletown's strategic location, situated between major cities like Wilmington and Dover, as well as its access to major highways such as Route 1 and Interstate 95, has made it an attractive location for businesses to establish themselves and thrive. This has contributed to the city's reputation as a commercial hub in the region.

Despite its economic progress, Middletown has managed to preserve its historic charm. The city's historic district showcases a rich history dating back to its founding in the late 17th century. Visitors and residents can explore well-preserved historic buildings, quaint streets, and landmarks that offer glimpses into Middletown's past. In addition to its economic and historical appeal, Middletown offers a range of amenities and services that enhance the quality of life for its residents. The city boasts modern infrastructure, including schools, parks, and recreational facilities, providing ample opportunities for education, leisure, and outdoor activities.

3. Clayton | $91,346

• Population: 3,845

• Median Income: $91,346

• Unemployment Rate: 2.5%

• Poverty Rate: 9.0%

If you are looking for proof that a modest land size cannot affect economic development, don't hesitate to choose to talk about Clayton. This city is in the top 3 of the list of 10 richest cities in Delaware and prides itself on a strong sense of community and economic stability.

Clayton's economic stability is evident in its growing business sector. The city has experienced steady economic growth, attracting businesses that contribute to the local economy. The presence of a diverse range of businesses, including small enterprises and larger companies, provides employment opportunities and contributes to the overall prosperity of the town. This economic stability plays a significant role in enhancing the quality of life for Clayton's residents and fostering a sense of pride in their hometown.

Furthermore, Clayton embodies the spirit of thriving small towns in Delaware. Residents often have a strong connection to the town's history and traditions, and there is a collective effort to preserve and celebrate Clayton's heritage. The town's emphasis on community, economic stability, and maintaining a small-town atmosphere contributes to its appeal and distinguishes it as a prosperous city in Delaware.

4. New Castle | $83,651

• Population: 5,482

• Median Income: $83,651

• Unemployment Rate: 2.2%

• Poverty Rate: 2.9%

Not only is it one of the 10 richest cities in Delaware, but New Castle is also one of the most prominent in the state. New Castle offers a unique blend of historic charm and thriving economic opportunities, making it an appealing place to live, work, and explore.

The city's colonial history is evident in its well-preserved architecture, historic landmarks, and cultural heritage. New Castle was founded in 1651 and served as the colonial capital of Delaware. Its charming streets are lined with historic buildings, including the Old Court House, the Amstel House, and the New Castle Historic District. Residents and visitors can immerse themselves in the city's colonial past through guided tours, museums, and special events.  After visiting historic sites, try out the activities along the banks of the Delaware River. The riverfront area features parks, walking trails, and waterfront dining options, allowing residents to enjoy outdoor activities and appreciate the natural beauty of the area. The presence of the river also contributes to the city's economic vitality, as it supports industries such as shipping, transportation, and tourism.

Besides the tourism field, New Castle’s economy has developed strongly thanks to a diverse range of industries and a robust job market. This diversity contributes to a stable job market and provides residents with a range of employment opportunities. The proximity to major metropolitan areas, such as Wilmington and Philadelphia, further enhances the accessibility to additional job prospects and resources.

5. Ocean View | $80,225

• Population: 2,556

• Median Income: $80,225

• Unemployment Rate: 2.0%

• Poverty Rate: 12.4%

Similar to its name, Ocean View is a city that has experienced significant growth in recent years, thanks to its desirable location near the scenic Delaware beaches.

Taking advantage of geographical location is the key to success in Ocean View’s economy. The demand for properties in Ocean View is driven by its proximity to the beach and the appeal of coastal living. Residents enjoy easy access to the beautiful Delaware beaches, where they can indulge in recreational activities, soak up the sun, and enjoy the natural beauty of the coastline. The city has seen an increase in residential and commercial development, offering a range of housing options and investment opportunities.

Accompanying the development of real estate near the coast is the explosion of coastal amenities, contributing to its popularity and economic success. If you want to cruise in Ocean View, consider popular beach destinations like Bethany Beach and Fenwick Island. They offer a wide range of recreational activities, dining options, and entertainment.

6. Lewes | $78,125

• Population: 3,257

• Median Income: $78,125

• Unemployment Rate: 1.0%

• Poverty Rate: 7.0%

Standing right after Ocean View is Lewes, another city that owns a thriving beach tourism industry and robust real estate market. It is noticeable that Lewses holds a special place as the state's first town and offers a rich blend of history, culture, and economic prosperity.

As the first town in Delaware, it holds a unique place in American history. Visitors and residents can explore historic sites such as the Zwaanendael Museum, the Lewes Historical Society complex, and the Cape Henlopen State Park, which houses a historic World War II fort. The town's commitment to preserving its heritage and hosting cultural events and festivals further enhances its historical and cultural appeal.

Lewes's real estate market is another pillar of its economic success, contributing a huge part of the $78,125 in median income. The city's coastal charm, historic ambiance, and proximity to the beaches make it an attractive destination for both residents and investors. The demand for real estate in Lewes has led to a thriving market with a range of housing options, including historic homes, modern developments, and waterfront properties. Moreover, the city's coastal location and scenic beauty attract visitors from near and far. The charming downtown area offers a variety of shops, galleries, and restaurants that cater to tourists, creating a vibrant and bustling atmosphere. The nearby beaches, such as Lewes Beach and Cape Henlopen State Park, offer recreational activities, including swimming, fishing, and boating, which further add to the allure of the town.

7. Selbyville | $77,974

• Population: 2,806

• Median Income: $77,974

• Unemployment Rate: 2.3%

• Poverty Rate: 5.6%

“Gateway to the Beaches” is the way people give complementation to this one of the top 10 richest cities in Delaware. Selbyville's advantageous location near major beach destinations and a growing business sector brings a future that appears promising in terms of both residential development and economic growth.

Similar to the two cities mentioned above, Selbyville's location as a gateway to the beaches has played a significant role in its economic growth, particularly in the tourism and hospitality industries. Selbyville's growing business sector also contributes to its status as one of Delaware's wealthiest cities. The city has experienced an increase in commercial development, attracting businesses from various sectors. 

8. Camden | $65,023

• Population: 3,786

• Median Income: $65,023

• Unemployment Rate: 3.3%

• Poverty Rate: 4.2%

Each city has its own economic strengths, and so does Camden. In this city in the top 10 richest cities in Delaware, affordability, access to education, and a thriving job market have contributed to Camden's appeal and attracted residents seeking a prosperous lifestyle

In fact, the cost of living in Camden is relatively lower compared to some other areas in Delaware. That benefit helps individuals and families more easily look for affordable housing options. The affordability factor allows residents to enjoy a higher quality of life and allocate their resources toward other aspects, such as education and leisure activities.

How about education? Well, Camden is situated within close proximity to several educational institutions, including Delaware Technical Community College and Wesley College. These institutions offer a range of educational opportunities, from vocational training to higher education degrees. Having access to quality education enhances residents' career prospects and contributes to the overall growth and development of the community.

A strong economy requires a stable job market. In recent years, Camden itself has seen an increase in job opportunities, particularly in sectors such as healthcare, education, and manufacturing, leading to a low unemployment rate(just 3.3%). The presence of employment opportunities attracts individuals and families who seek a prosperous lifestyle and career advancement.

9. Smyrna | $63,794

• Population: 12,619

• Median Income: $63,794

• Unemployment Rate: 4.9%

• Poverty Rate: 13.8%

Smyrna, Delaware, is indeed a city that embodies Delaware's spirit of opportunity, thanks to its welcoming atmosphere, growing retail sector, economic stability, and a strong sense of community. 

Smyrna is known for its welcoming atmosphere, which is often reflected in the friendliness and hospitality of its residents. This welcoming environment fosters a sense of belonging and creates a positive living experience for residents.

The growing retail sector in Smyrna offers opportunities for both businesses and consumers. This growth provides residents with convenient access to a range of shopping and dining options, while also contributing to the local economy and job market. Besides, the city benefits from its location within the broader Kent County, which has a diversified economy. Smyrna's proximity to major transportation routes and neighboring cities further enhances its economic prospects. The presence of stable industries, such as healthcare, education, manufacturing, and government services, contributes to the city's economic stability and provides residents with employment opportunities.

10. Millsboro | $57,632

• Population: 6,542

• Median Income: $57,632

• Unemployment Rate: 1.5%

• Poverty Rate: 7.9%

Millsboro is the final one lying in the top 10 richest cities in Delaware. It is interesting to notice that one of the factors contributing to Millsboro's economic development is its diverse range of industries.

This is a city that is home to a variety of businesses and sectors, including manufacturing, agriculture, healthcare, and retail. This diversity helps create a stable and resilient economy, as it reduces reliance on a single industry. The presence of multiple industries provides a range of employment opportunities for residents and contributes to the overall economic growth of the city.

Millsboro's proximity to the Delaware coast is another advantage. While the city is not directly on the coast, it is within a reasonable distance from popular beach destinations such as Rehoboth Beach and Bethany Beach. This allows residents to enjoy the coastal lifestyle and amenities while benefiting from the economic opportunities and affordability offered by Millsboro itself.