Cheswold is a city in Delaware state in USA with a population of 1483 residents.. The poverty rate of Cheswold is 24%, which is 71% higher than national average. The typical household in Cheswold earns $47813 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 14 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 52.4% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Cheswold are struggling financially. Nearly one in every 1 in every 9 workers in Cheswold 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 Cheswold, only 86% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Cheswold remained 10.6%, which is 126% higher than national rate. Nearly 2 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 Cheswold, only 13% of adults have a bachelor's degree and 30% have some college but no degree.

Cost of living in Cheswold is 0, which is 100% lower than national average. Median home value in Cheswold is $78500 , which is 66% lower than national average. While median income in Cheswold remained $47813, which is 29% lower than national average.