As the second smallest state in the nation, you may not think there’s much to do in Delaware. On the contrary, Delaware offers many activities for families and individuals to explore.
Rehoboth Beach is known for its family-friendly wooden boardwalk, which extends over a mile and offers lots of delicious seafood restaurants, stores, and amusement rides. You’ll find many tempting foods during the summertime, including funnel cakes, ice cream, and pizza.
Those seeking a more educational experience can delight in Winterthur Museum and Gardens, home to the world-famous horticulturist Henry Francis du Pont. The museum contains over 175 rooms that house beautiful art, antiques, and intricate furniture.
Those who enjoy music and its history should check out the Johnson Victrola Museum in Dover, which includes exhibits featuring numerous ancient Victrolas.
People seeking a musical experience that fills the senses can delight in The Grand Opera House in Wilmington, which was initially built in 1871. The Opera House is registered on the U.S. National Register of Historic Places and is the site of many plays, musicals, and melodramas.
While Delaware certainly offers a lot of things to do, it is a costly state to live in. Both residents and visitors complain about the high prices of groceries, housing, hotels, and transportation.
Exactly how expensive is Delaware? While the state is small in size, its cost of living is not. Delaware is the 15th most expensive in the nation, with an average cost of living index of 107.9. Groceries and transportation are well over the national average.
Given the high costs, it’s no surprise that Delaware residents carry a lot of credit card debt. The average household in Dover owes $9,231 to creditors, while Wilmington residents have credit card liabilities of $9,972. In comparison, the national average credit card debt is $8,425.
While residents battle a higher cost of living and more debt, they earn slightly more than workers in other states. The average wage in Delaware is $59,820, compared with the national average of $58,260.
Residents of Delaware often get caught up in a cycle of earning money and making minimum payments on their debt, making it difficult to break free. Use our convenient calculator provided below to find out how long it will take to pay off your debt in Delaware and how much interest you will pay to your lenders.
Americor offers several solutions to clients seeking to get rid of their debt and get on the road to financial freedom. Check out our debt management solutions through the links provided below: