Top 5 Reasons Delaware is Ranked One of The Best Places to Retire

Delaware doesn't get enough credit as an ideal retirement destination, yet it boasts a unique combination of positive attributes that make it a top choice for retirees. With its stunning coastline, mild climate, and tax-friendly policies, the First State offers an appealing lifestyle for those looking to enjoy their golden years. Beyond its picturesque beaches and charming small towns, Delaware's rich history, vibrant cultural scene, and access to healthcare further enhance its desirability. 

Whether you're seeking relaxation by the shore or an active community with plenty of recreational opportunities, Delaware provides the perfect backdrop for a fulfilling retirement. The following are compelling reasons why Delaware is ranked one of the best places to retire.

Large Senior Population And Opportunities

Delaware has a significant retiree population compared to other states, which creates a welcoming environment for those planning to settle in the state. Senior citizens have a comfortable time acclimatizing to their new environment when they meet their peers and establish friendships, and this is precisely the case in Delaware. According to the US Census 2023, more than 21% of the population was 65 years or above, only bettered by Maine and Vermont. 

Besides the "familiar" faces that incoming retirees encounter, Delaware offers a range of recreation tailored for them. This is an opportunity for them to remain active in their older age and meet some of their counterparts with mutual interest. These range from visiting the Atlantic beaches for low-impact strolling on the sandy shores to exploring the diverse historical landmarks dotting the First State. Not forgetting the many events and festivals held throughout the years, which bring about a sense of belonging when mingling with other state residents. 

Beautiful Weather And Natural Beauty

If good weather alone were enough for retirees to settle in a place, Delaware would still be among the top choices. The state enjoys comfortable weather with temperate winters and pleasant summers. This lack of extremes makes it a prime choice for retirees who react poorly to excess heat or cold. 

Unlike other states, Delaware rarely experiences natural disasters. While disasters have occurred, including Hurricane Isaias in 2020, only one fatality was recorded, underscoring its relative mildness. This is incomparable to Florida, which is perennially on the frontline of hurricanes. 

The state's fine weather is complemented by its natural beauty. The Diamond State boasts over 380 miles of coastline, offering access to the waters of the Atlantic Ocean. This is something retirees deeply appreciate, with a chance to admire the waters stretching into the horizon. Delaware's inland beauty is just as impressive, featuring almost 26,000 acres of well-preserved park spaces. 

Access To Quality Healthcare

Delaware demonstrates a high level of dedication to providing its residents with quality healthcare. This is evident from the ease of accessibility to quality healthcare institutions and an efficient healthcare system. Seniors can also find wellness resources across the state, helping to improve their physical and mental well-being. Delawareans are among the highest medically insured lot throughout the country, with surveys showing that the percentage of insurance between ages 19 and 64 is higher than the national average. 

Furthermore, Delaware is ranked in the top two for Hospital Quality, a measure determined by examining a hospital's success in treating nine conditions and procedures. Meanwhile, Christiana Care Health System has been ranked among the top 2% of hospitals nationwide in gynecology. It serves a huge area of Northern Delaware and employs innovative care and modern equipment. 

Affordability And Tax Friendliness

Tax is among the top reasons Delaware is ranked one of the best places to retire. Delaware has a very tax-friendly policy, which helps to keep the cost of living at a minimum and stretch retirement savings and earnings. This is an incentive for retirees to settle in the state, assured of accrued savings over the years.

Delaware has no sales tax and is one of just five states that don't impose a tax on general sales. This law was intended to lure businesses to the state. Shoppers and consumers from neighboring states often cross to Delaware for this. For instance, residents from states with considerable sales tax, like New Jersey and Pennsylvania, habitually drive to Delaware to take advantage of its tax-free shopping. 

Delaware residents also don't pay estate tax at the state level. The tax was repealed in 2018, allowing the transfer of assets without worrying about taxes. This is an incentive for retirees who may want to pass on their estate to children and grandchildren, knowing that they are in the clear. The only catch is the estate has to be under the value of $13.6 million.

Additionally, Delaware has one of the lowest property taxes among all US states, making it attractive to buy a home. The average property tax falls in the 0.53% range, meaning a property with a market value of $300,000 will attract a property of $1,590 annually. Compare this to New Jersey, which has the country's highest property tax at 2.26%. The same property will have accrued a tax of $6,780, over four times what you would pay in Delaware. Despite the relatively high home median price, at just under $400,000, the low property tax makes business sense for retirees aspiring to own a home. 

Strategic Location

Delaware enjoys proximity to major metropolitan areas in the surrounding region. Considered a hub on the Eastern seaboard, it put residents within touching distance of all the action happening around them. Delaware is a short drive from major cities like Baltimore, Philadelphia, and Washington D.C.; it takes less than 100 miles to get to each of these bustling metropolises. 

The high-speed Acela train requires under 2 hours to reach New York's Penn Station. This proximity allows retirees to move around and explore the major cities in the region. It is also an invitation to sample their attractions, recreational amenities, and health facilities, if necessary, culminating in a higher quality of life for senior citizens. 

Wrapping Up

Delaware's unique blend of beautiful coastal living, favorable tax policies, and a welcoming community make it an exceptional choice for retirees in the United States. With access to vibrant cultural experiences and quality healthcare, it’s no wonder that Delaware is ranked one of the best places to retire. Whether you prefer the tranquility of its beaches or the charm of its historic towns, Delaware offers a fulfilling lifestyle that caters to every retiree's needs. Embrace the opportunity to enjoy your golden years in a state that truly has everything.