Discover life in Delaware, a small state with a big reputation known for its rich history, natural beauty, and low cost of living. For many active adults, Delaware is a great place to retire due to its low cost of living, abundant recreational opportunities, and tax benefits. There are two Lennar communities designed for active adults 55 and better: The Cascades in Newark, and Auburn Meadows in Smyrna. Explore why Delaware is an ideal state for retirees and why it should be on the top of your list when considering your retirement destination:
Low Cost of Living
One of the main advantages of retiring in Delaware is its low cost of living. Compared to other states in the Northeast, Delaware has a relatively low cost of living, which makes it an affordable place for retirees. Housing costs are also quite reasonable in Delaware, with the median home value being $269,900, making it an ideal destination for retirees looking for a comfortable and affordable place to live.
Natural Beauty
Delaware is a state full of natural beauty, with its stunning beaches, lush forests, and scenic waterways. Retirees can enjoy leisurely walks, bike rides, and scenic drives through the state’s stunning parks and beaches. Delaware’s mild climate also makes it an excellent place for outdoor activities throughout the year. Whether you’re an avid golfer, fisherman, or hiker, there is something for everyone in Delaware.
Tax Benefits
Another major advantage of retiring in Delaware is its favorable tax policies. Delaware does not impose a state sales tax, and Social Security benefits are not subject to state income tax. Additionally, Delaware’s property tax rates are among the lowest in the country, making it an excellent choice for retirees who want to stretch their retirement income as far as possible. Furthermore, the state also offers a Senior School Property Tax Credit, which reduces the property tax for homeowners aged 65 and older, making it an even more appealing place to retire.
Delaware is a great place to start your next chapter of life, offering a low cost of living, abundant recreational opportunities, and favorable tax policies. The state’s natural beauty, mild climate, and welcoming communities make it an ideal destination for seniors looking to spend their retirement years in a peaceful and relaxing environment. With its favorable tax policies, retirees can also stretch their retirement dollars further and enjoy the many benefits of living in “The First State”.
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