Retirement in Delaware

Overview

 

What's better than to spend your life after retirement in a peaceful, quiet place, away from the madness of a busy life? How about a laid back life free from worries, with parks, lighthouses and wildlife refuges around you? Delaware provides the ideal location for a quite life after retirement. The historical places and museums in this state are ideal to explore during your years after retirement. A leisurely day at the Bethany beach and the fun and festivity of the Big August Quarterly are all yours to enjoy during your stay at the retirement homes in Delaware.

Delaware, is true to its motto ‘Liberty and independence'. This state on the Atlantic coast is a growing hub of seniors willing to take up residence here. Though it is one of the smallest of the US states, it has a lot to offer retirees, in terms of activity and entertainment.

 

Delaware – at a Glance

Population Climate State Income Tax State Sales Tax Median Home Price
853,476 (2006 estimate) Humid subtropical and continental in some parts 5.95% 0% $ 215,225

 

Pros:The state of Delaware offers various property tax relief programs for the residents of age 65 and above.

Cons:Summers are very hot and winters are extremely cold.

 

Cost of Living:

 

The above table shows the percentage fluctuations in expenditures incurred in Delaware, as compared to the nation's average, which is taken as 100%.

As shown in the graph, the cost of housing is quite low. Your new home in Delaware is likely cost you much less than what it may cost you in another state. Transportation costs, miscellaneous goods and groceries are quite affordable as well. Although the cost of health care is slightly higher than the US average, this is likely to be compensated by a lower housing cost.