Living outside of a big city has its benefits, and Philadelphia and New York City are two of the biggest and best on the East Coast. They offer top-tier medical care, museums, restaurants, concerts, festivals, and activities that you just can’t find in smaller hamlets. This is why many active adult communities have sprouted up near large cities, giving their homeowners better access to these offerings.
The City of Brotherly Love and The Big Apple are quite different from one another, though. For starters, Philly has a population of around 1.5 million, while New York City is well over 8 million. Bigger can be better when it comes to things like medical care, leisure opportunities, more jobs, more people to meet, and nightlife. Yet with all this comes more congestion on the streets, traffic, and a higher cost of living.
Personal preferences dictate homebuying decisions, and it’s all determined by homebuyers’ distinctive personalities.
Pros and Cons of Retiring Near Philadelphia
Steeped in history, Philly is a haven for Revolutionary War buffs. Its city center is dotted with landmarks like Independence Hall and the Liberty Bell. For arts and culture, visitors head to the Kimmel Center for Performing Arts, The Franklin Institute, and the Barnes Foundation, to name a few.
Culinary adventures abound at top restaurants like Zahav and Vernick Food and Drink, and upscale shopping experiences can be found at Rittenhouse Square and The Shops at Liberty Place. And when medical care is needed, it is reassuring to know that there are top hospitals like Thomas Jefferson University Hospital and the University of Pennsylvania Hospital in the city.
Like other large cities, getting in and out of Philly can be complicated at times. There are four bridges that cross the Delaware River over from New Jersey into Philadelphia: Ben Franklin, Betsy Ross, Commodore Barry, and Walt Whitman. Tolls are generally $5, and EZ Pass is available. PATCO offers high-speed transit trains from Camden County, NJ into Philadelphia, and NJ Transit offers transportation into 30th Street Station.
Jersey Suburbs Near Philadelphia
The three New Jersey counties closest to Philly are Burlington, Camden, and Gloucester, with a total of 45 active adult communities. One of the closest is The Plaza Grande at Garden State Park, in Cherry Hill. A newer condo community, it is less than 10 miles from Center City, Philadelphia.
Tax Rates Near Philadelphia
Local taxes are important to consider when purchasing a home. Taxes are calculated depending on where you live and vary by county. In Camden County, the general tax rates vary from just under 2 percent up to almost 6 percent. Burlington County can be lower, from 1.7 to 4.4 percent. Gloucester County rates range from 2.5 to 4.6 percent.