Delaware Real Estate
The Destination for Retirement!
We often associate retirement with feelings of sadness and solitude, a time when we quit the work we have been doing and loving for decades. But it shouldn’t be like that! Retirement should not be the end of your dreams nor your happiness. It should be a time to enjoy life especially the things you have worked hard for all your life!
As a retiree, you have to really consider planning things before moving to another place permanently. Some considerations include location, cost of living, health insurance, life insurance, and of course, the tax burden of where you plan to retire. These factors are the reason why many retirees choose Delaware.
The State of Liberty and Independence
Delaware has been named one of the best places to retire; it is a place where one can settle down without the stress of hustle and bustle of the city, yet is situated close to many urban centres. Located along the Atlantic coast, Delaware is filled with beaches, farms, and country roads. For generations it has been a great summer destination for people from all over the country.
The Benefits of Living in Delaware
There are a number of reasons why Delaware has been one of the top places to live in after retirement, despite a relatively small land area (just about 96 miles long from north to south and 32 miles across from east to west). The state is accessible to about 25 percent of the U.S. population in a single day, and it has cities such as Philadelphia, Washington D.C., Baltimore, and Manhattan nearby. The real estate market prices in Delaware makes this little state a great retirement choice as well; homes here average about $260,000.
Delaware has four distinct seasons, and generally a humid temperature, thanks to the Gulf of Mexico and the Atlantic Ocean. During winter, the weather is mild with some snowfall, while it is hot and humid in the summertime.
The Tax-friendly State
Retirees will live comfortably with the low cost of living and low tax burden found in Delaware. Delaware is known as a tax-friendly state with one of the lowest tax burden among 50 states. The state does not collect sales tax, and none for food and entertainment. Property taxes are low, with exemptions for senior citizens. State income tax is imposed but retirement income is exempted in certain cases. There is also no inheritance tax. Additionally, the state has good health care, and lots of cultural and recreational opportunities.
Delaware's Great Locations for Relocation
Delaware has 3 counties but Sussex County is the most popular for retirees because they can enjoy a plentitude of farmlands, beach towns, beaches, and outdoor recreation.
Popular places to retire in Delaware are:
- Delmarva Peninsula is a beautiful area surrounded by bodies of water.
- Rehoboth Beach, relax in the coastal community and experience long walks in the boardwalk, and beautiful beaches, while enjoying excellent cuisine spread among an abundance of restaurants.
- Wilmington has loads of activity offerings, including movie theaters, libraries, bars, and restaurants. A big number of the population consists of over 50-year-olds, making it a good place to retire.
- Bear Trap Dunes has a good climate and because of its low crime rate, it attracts retirees who are looking for a safer and more peaceful place to reside in.
- Lewes is another coastal community, with lots of shops, restaurants and historical attractions to explore. It is considered an ocean resort for vacationers as well.
- Fenwick Island is along the eastern shore. It is the home of a historic lighthouse and known for mouthwatering seafood restaurants.
- Dover, the state’s capital, has low cost of living and a more urban environment.
- Millville by the Sea is one of the best new home communities to attract retirees who are looking to live in a fresher environment.
Need more information about retiring in Delaware ?
REALTOR® Don Williams specializes in the Delaware real estate market. Contact us online or call 302.584.2548 for a free consultation.
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