Wealthiest Towns Delaware

4 Wealthiest Towns in Delaware

When you think of wealthy states, Delaware does not come top of mind with a poverty rate of 11.6%. However, there are towns in Delaware that are affluent with high income and high property values. Perhaps the most famous resident of Delaware is President Joe Biden, whose house is located in a tony suburb of Wilmington. Below you will find a list of the 4 richest towns in Delaware. The information presented in this article is based on data from the US Census American Community Survey and the rankings are based on median household income.

Wealthiest Towns Delaware
Wealthiest Towns Delaware

1. North Star, DE

North Star is the wealthiest town in Delaware. North Star is located in Delaware’s New Castle county which is 40 miles from Philadelphia. Due to its proximity to Philadelphia, North Star is often considered a suburb of Philadelphia. North Star residents are wealthy with a median household income of $153,971. The poverty rate of North Star is 2.8% which is low considering the poverty rate of the state of Delaware is at 11.6%.

Home values in North Star are relatively high with a median home value of $457,900. Most of the homes in North Star are primarily owner-occupied with only 13.5% rentals and 86.5% owner-occupied. 

North Star has a population of 8,056. Its residents are well educated with 68% of North Star residents graduating with a bachelor’s degree or higher, compared to 33.6% for the state of Delaware. The average commute to work for North Star residents is 23.2 minutes.

Median Household Income$153,971
Bachelor’s Degree or Higher68%
Median Home Value$457,900
North Star, DE Profile

2. Townsend, DE

Townsend is one of the richest towns in Delaware. Townsend is an affluent town in Delaware with top-rated schools and a small-town feel. Located in Delaware’s New Castle county, Townsend enjoys a low poverty rate of 1.4%. Townsend residents are well-to-do with a median household income of $142,115. 

Townsend is a small town (approximately 1 square mile!) with a population of 2,717. The median home value in Townsend is $342,600. Most of the homes in Townsend are primarily owner-occupied with only 3.7% rentals and 96.3% owner-occupied. 

Compared to the rest of Delaware, Townsend residents are well educated with 44.8% of residents graduating with a bachelor’s degree or higher. Lots of families live in Townsend with 34.6% of Townsend residents under 18 years old. The average commute to work for Townsend’s residents is 33.3 minutes.

Median Household Income$142,115
Bachelor’s Degree or Higher44.8%
Median Home Value$342,600
Townsend, DE Profile

3. Rehoboth, DE

Rehoboth is an affluent beach town in Delaware with high income and high property values. Rehoboth is a charming beach town with a small population of only 1,108. Rehoboth residents skew heavy on senior citizens and light on families with children. Almost half of Rehoboth’s population are senior citizens over 65 years old (43.8%) and only 5.9% of Rehoboth residents are kids under 18 years old.

Rehoboth is the most expensive place to buy property in Delaware where the median home value is $1,186,900. Most of the homes in Rehoboth are primarily owner-occupied with only 14.8% rentals and 85.2% owner-occupied. 

Located in Delaware’s Sussex county, Rehoboth residents are wealthy with a median household income of $137,783. The poverty rate of Rehoboth is 5.1%. Rehoboth’s affluent residents are well-educated with 67.9% of residents graduating with a bachelor’s degree or higher. The average commute to work for Rehoboth’s residents is 28.1 minutes.

Median Household Income$137,783
Bachelor’s Degree or Higher67.9%
Median Home Value$1,186,900
Rehoboth, DE Profile

4. Greenville, DE

Greenville is an affluent suburb of Wilmington, DE. It is home to President Joe Biden and First Lady Jill Biden’s 6800 square feet with a Zillow Zestimate of $1.3 million. The poverty rate of Greenville is a low 1.8% compared to the State of Delaware where the poverty rate is 11.6%!  Greenville residents earn a median household income of $118,618. 

Home values in Greenville are high with a median home value of $812,000. Greenville is a commuter town with most of the homes in Greenville being rentals- there are 53.1% rentals and 46.9% owner-occupied. 

Greenville has a population of 3,104. Greenville residents are well educated with 76.7% of residents graduating with a bachelor’s degree or higher. Lots of families live in Greenville with 22.4% of Greenville residents under 18 years old. The average commute to work for Greenville’s residents is 23.4 minutes.

Median Household Income$118,618
Bachelor’s Degree or Higher76.7%
Median Home Value$812,000
Greenville, DE Profile

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4 Wealthiest Towns in Delaware

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