Is Edgemoor, Delaware a Good Place To Live? - Living In Edgemoor, DE

Is Edgemoor, Delaware a good place to live?
Edgemoor is a city in Delaware state in USA with a population of 6483 residents.. The poverty rate of Edgemoor is 23.4%, which is 67% higher than national average. The typical household in Edgemoor earns $62500 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 36 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 42.9% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Edgemoor are struggling financially. Nearly one in every 1 in every 8 workers in Edgemoor is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Edgemoor, only 93% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Edgemoor remained 12.5%, which is 166% higher than national rate. Nearly 3 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Edgemoor, only 28% of adults have a bachelor's degree and 39% have some college but no degree.

Cost of living in Edgemoor is 109, which is 9% higher than national average. Median home value in Edgemoor is $234900 , which is 2% higher than national average. While median income in Edgemoor remained $62500, which is 7% lower than national average.
Population
6483
Unemployment
12.5%
166% NAT AVG.
Poverty
23.4%
67% NAT AVG.
Overall Score
6
Median Home Cost
$234900
2% NAT AVG.
Median Income
$62500
7% NAT AVG.
Median Rent
$1153
1% NAT AVG.
Cost Of Living
109
9% NAT AVG.
People Living BPL
1 in 4
Unemployed People
1 in 8
People Earning < $10,000
1 in 36
People Earning < $50,000
42.9%
People with <= High School
1 in 3
People With Any Degree
1 in 2.9
Pros & Cons Overview

Jobs60%

Housing85%

Affordability50%

Safety85%

Amenities85%

Diversity95%

Education80%

Commute60%