More and more seniors from metropolitan areas along the East Coast have selected Delaware as their retirement destination.
Retirees from the area can now benefit from "Tax Friendly Delaware" and enjoy living in a superior location.
- Delaware has the 3rd lowest tax burden in the United States.
- In 2006, Kiplinger's Personal Finance Magazine named Delaware the “Most Tax-Friendly State for Retirees.”
- Delaware is 1 of only 5 states that has no sales tax
Delaware has no state-imposed estate tax. Delaware has low property taxes and no sales tax.
Delaware is 1 of only 9 states that has little or no income tax on trusts.
Delaware ranks 13th out of all 50 states in 1-year home appreciation percent change for the year ending March 31, 2006, with a 5-year appreciation rate of 72.2%, 26-year appreciation rate of 389.6%!
In Delaware you can be on or near the beach and experience a relaxed, quality lifestyle, relatively low property taxes, NO SALES TAX, and still be close to family and friends.
An added benefit is that the urban conveniences of cities like Washington D.C., Philadelphia and Baltimore are just a couple of hours away by car or Amtrak. Delaware residents also enjoy Longwood Gardens, the University of Delaware, The Dupont Theatre, and the Grand Opera House.
Weather is obviously a major factor to consider, but with average temperatures of 68 in the summer and 41 in the winter, Delaware affords a comfortable option for anyone not interested in the heat and humidity of the Deep South.
The cheerful atmosphere and relaxed lifestyle of Delaware's small towns, plus the beauty of its rivers and beaches and favorable tax structure make for a pleasant environment for retirement living.
