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Delaware real estate and demographic information
top ten most expensive cities in DE
| NAME | |
|---|---|
| 1 | Greenville |
| 2 | Rehoboth Beach |
| 3 | Bethany Beach |
| 4 | North Star |
| 5 | Hockessin |
| 6 | Lewes |
| 7 | Middletown |
| 8 | Townsend |
| 9 | Milton |
| 10 | Wilmington |
popular cities in DE Bear, Dover, Hockessin, Laurel, Newark, Pike Creek, Rehoboth Beach, Seaford, Smyrna, Wilmington
POPULATION
783,600
Delaware
Delaware History and Economy
Delaware's nickname is "The First State," a reference to its role as the first of the American colonies to ratify the Constitution and join the union in 1787. A small state, ranked 49th in land area and 45th in population, Delaware is first in two important business measures: fully 50 percent of all publicly traded U.S. companies, and 60% of those in the Fortune 500, are incorporated in Delaware.
Not especially endowed with natural resources or scenic grandeur, and economically hindered by its size, Delaware fills a crucial niche in the financial services industry. Offering a business-friendly tax structure and judicial system, Delaware attracts thousands of companies to incorporate in the state, and today the incorporation industry employs 1,000 people and accounts for 25% of the state's revenues. In a related development, in the 1970s Delaware revised its usury laws to attract credit card issuers in droves. By 2000, three of the five largest credit card companies in the U.S. based their operations in Delaware, and the industry employed more than 15,000 workers.
Manufacturing is also important to the Delaware economy, primarily chemicals and pharmaceuticals (representing 42% of manufacturing income), led by Wilmington-based giant, DuPont; also important are food and paper production.
Delaware Real Estate and Demographics Information
The prevalence of high-paying jobs in the financial and manufacturing sectors has made Delaware one of the wealthier states in the U.S. In 2005, Delaware ranked 10th with a median family income of $52,499. However, real estate in the Wilmington and Dover metro areas remains relatively affordable, compared to home prices in neighboring Maryland and New Jersey.
Delaware Climate and Tourism
Delaware's climate is temperate and its topography is described as coastal plain, characterized by rolling hills and pastures in the north and swampy areas in the south leading to sandy beaches along its lengthy coastline. During Colonial times Delaware grew tobacco, but currently the state's farmers produce modest amounts of corn, soybeans, wheat and melons.
Thanks to its substantial coastline, Delaware benefits from considerable summertime tourist traffic from the bordering mid-Atlantic states. Rehoboth Beach, just 120 miles from Washington, D.C, dubs itself the "Nation's Summer Capital" owing to its popularity as a vacation destination for Beltway denizens. The city's year-round population of only 1,556 swells to 75,000 in the summer. Scores of other visitors travel to Delaware from nearby Maryland and New Jersey to take advantage of the fact that Delaware is one of only six states in the nation without a sales tax.
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