One look at the myriad of McMansions dotting Hockessin’s rolling hills, and most visitors can quickly conclude that affluence lives here.
But if doubts remain that this bedroom community of 14,000 is in the money, a national news source has put them to bed.
CNNMoney.com's annual "Best Places to Live" ranks the town sixth richest among high-income communities. The story will also appear in the August edition of “Money” magazine.
Hockessin’s median family income in 2008 was $137,998, compared to $159,633 in CNN's richest town, Holmdel, in Monmouth County, N.J. One thing Holmdel has that Hockessin doesn’t – a helicopter pad for residents who’d rather leave their Escalades at home.
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Hockessin's tax return $100,335 adjusted gross income Source: City-data.com |
The magazine calls Hockessin a bedroom community of wealthy professionals and academics whose million-dollar homes have replaced the farms that once dotted the countryside.
Hockessin was the only Delaware town named on any of CNNMoney.com’s lists, which rank towns from the magazine’s database of 1,800 communities with populations 8,500 to 50,000. The rankings are based on criteria like home affordability, job growth, commute time and clean air.
Louisville, Colo., a suburb of Denver, was named this year’s best place to live. But money clearly isn't everything, because Louisville's median family income was only $102,688.
Hockessin vital stats
$137,998 median family income
- $97,441 Best Places
- $54,610 Delaware
$408,000 median home price
- $262,148 Best Places
- $240,000 New Castle County
43 median age
- 36.6 Best Places
- 37.8 Delawareans
6.46 % job growth
- 19.58 % Best Places
- 7.8 % Delaware unemployment*
*Delaware job growth statistics unavailable
$5,575 property tax
- $3,853 Best Places
- $841 Delaware
63.3% students attending private school
- 9.9 % Best Places
- 20 % Delaware
31 property crime incidents per 1,000 people
- 19 Best Places
- 48 Delaware
23.5 minutes median commute time
- 22.5 Best Places
- 27.1 Delaware
43.1 inches average rainfall
- 39.8 inches Best Places
- 41.4 inches Delaware
