This section shows the Dewey Beach Delaware economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Dewey Beach depicts it has a Median earnings of $75,096 which is the second smallest when ranked by median earnings per worker of all the other places in the metro area. The city with the highest median earnings per worker in the area is Rehoboth Beach which shows a median earnings of $132,578 (76.5% larger). Comparing median earnings per worker to the United States average of $53,269, Dewey Beach is 41.0% larger. Also, compared to the state of Delaware, median earnings per worker of $54,685, Dewey Beach is 37.3% larger.
In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $102,188 which is in the middle range of other places in the metro area. The city with the highest median household income in the area is Henlopen Acres which indicates a median income of $141,875 (38.8% larger). Comparing median household income to the United States average of $69,021, Dewey Beach is 48.1% larger. Also, compared to the state of Delaware, median household income of $72,724, Dewey Beach is 40.5% larger. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $36.75 which is the second smallest in terms of average hourly earnings of all the other places in the local area. The city with the highest average hourly earnings in the area is Rehoboth Beach which shows an average hourly earnings of $62.18 (69.2% larger). Comparing average hourly earnings to the United States average of $26.40, Dewey Beach is 39.2% larger. Also, compared to the state of Delaware, average hourly earnings of $27.32, Dewey Beach is 34.5% larger.
Figure 5 examines the number of self employed people in the Dewey Beach metro area based on the number of people who reported any self employment income. Dewey Beach shows it has a Self Employed of 12.8% which is in the mid range of other places in the local area. The city with the highest percentage of people self employed in the area is Lewes which depicts a percentage self employed of 22.8% (78.5% larger).
Figure 6 breaks down the source of income and Dewey Beach has the largest proportion of income from wages at 16.7% of the total and is ranked #1.
The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 33.1% which is the smallest in order of households with retirement income of all the other places in the surrounding region. The city with the highest households with retirement income in the area is Bethany Beach which shows a households with retirement income of 65.9% (about twice as large).
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Dewey Beach depicts full time employees approximately 3.2 times bigger as the part time employees.
Similar to the last chart is Figure 9 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Dewey Beach depicts it has the hightest entrepreneurs of 57% for the self employed in educational services, health care and social assistance category.
Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Dewey Beach depicts it has the hightest cost of 276.9 for the cost of housing grouping.
Dewey Beach Delaware Poverty Charts
In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Dewey Beach depicts it has a Percent of Population In Poverty of 13.0% which is the highest of all places in the greater Dewey Beach region.
Additionally, Figure 12 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Dewey Beach shows it has a Public Assistance Percent of 4.7% which is the third most of all other places in the metro area. The city with the highest households with public assistance in the area is Lewes which depicts a households with public assistance of 8.4% (about twice as large).
Dewey Beach Delaware Labor Force Charts
The table in Figure 13, shows Dewey Beach employment data in terms of job categories and salary data.
The next two charts look at monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate depicts that from February 2017 to before the disasterous Covid-19 virus Pandemic it went from 6.3% to 4.6% in December 2019. This represents a decrease in the monthly unemployment rate of 27.0%. Since that time, the monthly unemployment rate has gone to 4.6%. This represents an increase in the monthly unemployment rate of very little.
Dewey Beach Delaware Jobs Charts
In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.
Figure 16 shows the average median earnings for different categories of jobs.
Dewey Beach Delaware Work Commute Charts
Figure 18 shows a more detailed view of how the population commutes to work for (for example to downtown Dewey Beach or elsewhere.) Dewey Beach has the largest proportion of people who walked at 8% of the total and is ranked #1.
Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.
The average commute time is shown in Figure 21. Dewey Beach depicts it has a Avg Commute Time of 26 which is in the mid point range of other places in the greater region.
Cities marked with an asterisk ("*") should resemble a city or town but do not have their own government (i.e. Mayor, City Council, etc.) These places should be recognizable by the local community but their boundaries have no legal status. Technically these include both Census Designated Places (CDP) and Census County Divisions (CCD) which are defined by the Census Bureau along with local authorities. (For more information, see:
Census Designated Place or "CDP")
and Census County Division "CCD".)
For comparison purposes, the US national average and the state average value are provided. Additionally, the "Combined Statistical Area" or CSA is shown that is closest to the city, county, or zip code shown. A CSA is a large grouping of adjacent metropolitan areas that identified by the Census Bureau based on social and economic ties. (See: Combined Statistical Area)
Data sources - Mouse over icon in upper right corner of each chart for information.