Delaware— the first state to ratify the Constitution, home of the legendary Grotto Pizza and tax-free shopping, and one of the Best Places to Retire.
This small state may not look like it has much to offer to retirees, but with its affordable cost of living, Sussex County beaches, and proximity to major cities, many have found this small wonder to be a hidden gem. Delaware offers a quality of life that cannot be matched elsewhere; in fact– you may find yourself wishing you had decided to move here even sooner! And now, without further ado, The Top 3 Reasons to Retire in Delaware:
1. Tax-Friendly: Delaware has no sales tax. That means that when you purchase something for $5, you actually pay $5 for it. Shopping spree, anyone?
Delaware also boasts the 4th lowest property tax rate of any U.S. state. The average effective property tax rate is just 0.51%. That means that, on average, a home in the state of Delaware with a market value of $200,000 would have taxes of about $1,000 annually. In addition, once you turn 65 and you have lived in Delaware three years or longer, you may be eligible for a school tax reduction… talk about savings!
2. Activities: There are plenty of activities for retirees to do in Delaware, including dining out, visiting historic sites, and watching sporting events. Whether you want to go biking on the miles of trails at Cape Henlopen State Park, feel the thrill of NASCAR at the Dover International Speedway, or play a round of golf at Bear Trap Dunes– Delaware has it all.
3. Accessibility: Delaware is not only an ideal beach destination, but it is also centrally located in the northeastern part of the country, offering a short commute to major cities like Philadelphia, New York, or Washington, D.C. Have further to travel? No worries! Living in Delaware, you will only be a few hours away from major airports such as BWI or Philadelphia International Airport.
Another reason to move to Delaware? (Don’t worry, this one’s a freebie)… Insight Homes is located here. The best state paired with the best house– what more could you ask for? Find your perfect new home in one of our Delaware neighborhoods!