The Benefits of Retiring in Delaware

Can you spot the $207,744 difference between these identical homes?

Financing is the difference!

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Active adult communities in Delaware offer 55+ homebuyers amazing amenities as well as many other benefits.

Active adults and retirees thinking about where to retire may want to consider moving to a 55+ community in Delaware. Although a small state and not the typical retirement destination that first comes to mind, Delaware has a lot to offer Baby Boomers. It has many tax perks, a four-season climate, convenient location, beautiful beaches, and charming towns.

Tax-Friendly State

Delaware is known as one of the most tax-friendly states, which is a great benefit and advantage for retirees. The state also offers a more affordable cost of living compared to other areas on the Northeastern coast. This benefit can make living on a fixed income favorable for most retirees.

Active adults looking to retire in Delaware, flock to this state because of the many low tax benefits. Delaware allows Social Security benefits to be tax-exempt for retirees. Also, adults who are 60 and better can exempt $12,500 of investment and pension income from state taxes.

And to top it off, Delaware has no state or local sales tax as well as no inheritance or personal property tax. Retirees end up saving more money from their retirement income and pension, which can go a lot further in Delaware than other pricey states.

Attractions

Baby Boomers living in Delaware enjoy its central location. Many cities and towns just outside of Delaware, like Philadelphia, can be reached in about an hour. And just a bit farther, Baltimore, Washington, D.C., and New York City can also be reached in a few hours for a variety of big city attractions. Major cities along the Northeastern corridor are easily reached by train, which makes commuting a breeze.

Other benefits to retiring in Delaware include the beautiful beaches and quaint towns that offer endless recreational and entertainment options as well as historic and cultural attractions.

Active Adult Communities

There are coastal resort-style towns like Bay Crossing and Heritage Shores in Sussex County that are near Bethany Beach or Rehoboth Beach. Another popular beach town in Delaware is Lewes. Retirees can purchase affordable homes that are a few minutes from the beach.

Bishop’s Landing in Millville is another great beach town in Delaware. This active lifestyle community offers low-maintenance living, plenty of amenities, and is 12 minutes from Bethany Beach.

Homes are also affordable in Northern Delaware. Age-restricted communities like Spring Arbor, Springmill, and The Ponds at Bayberry are all located in Middletown, DE, and offer beautiful homes within a small-town neighborhood setting. With so many perks catering to Baby Boomers, active adults are sure to find that Delaware is a great retirement destination that offers many benefits.

Can you spot the $207,744 difference between these identical homes?

Financing is the difference!

Get the details in The 62+ Loan Homebuyers Guide.

55places Mortgage is a joint venture between Mutual of Omaha Mortgage and 55places.com.
Details here.

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I agree that 55places and its affiliates, partner providers or agents may call, text, or email me about my inquiry, which may be made with automated means. I understand that my consent is not a prerequisite for buying a property. I may revoke my consent at any time by contacting optout@55places.com. Message/data rates may apply. I also agree to 55places.com’s Privacy Policy and Terms of Use.

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About 55places

We’re changing the way people 55 and older are searching for their perfect next place. With a national network of hand-selected real estate experts, plus comprehensive information, unbiased content, and on-the-go insight about thousands of communities across the country, we’re a trusted resource paving the way from here to home. Whether you’re interested in a low-maintenance single-level residence, an active lifestyle or age-qualified community, an intimate enclave, or anything in between, we can help you make your next move the best one yet.

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