Delaware Debt Overview
| Metric | Delaware | US Average |
|---|---|---|
| Avg household debt (ex-mortgage) | $44,900 | $44,200 |
| Median home value | $333,000 | $308,000 |
| Property tax rate | 0.57% | 1.08% |
| State income tax | 2.2%–6.6% | varies |
Payoff Time: $44900 Debt at 20% APR
| Monthly Payment | Payoff Time | Total Interest |
|---|---|---|
| $898/mo | 9yr 1mo | ~$52,444 |
| $1,347/mo | 4yr 2mo | ~$21,185 |
| $1,796/mo | 2yr 9mo | ~$13,668 |
| $2,245/mo | 2yr 1mo | ~$10,175 |
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What is the average debt in Delaware?
The average household debt in Delaware (excluding mortgage) is approximately $44,900.
Does Delaware income tax affect debt repayment?
Delaware's income tax of 2.2%–6.6% reduces take-home pay, making it important to budget carefully for debt payments.
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