When the subject of relocating for retirement comes up, most people assume the top choices are sunshine states in the far South and West. But if you do your homework, you'll find that one the top states for retirement is the "First State" - Delaware!

In fact, we have an excellent selection of Active Adult home listings on the market in Newark and Wilmington. New developments are under construction, and there's a wide range of prices and amenities for just about any budget.

Why do so many seniors and retirees choose Delaware? Here's a quick rundown that I put together from Kiplinger's recent article, along with local data:

1. There is no State or local sales tax.

2. State income tax rates are modest; highest rate is 6.75% on annual incomes over $60,000.

3. Social Security benefits are not taxed.

4. Taxpayers 60 and older can exclude $12,500 of investment and qualified pension income.

5. Homeowners 65 and older can get a credit equal to half of the school property taxes, up to $500.

6. The DE property tax rate is significantly lower than MD, NJ, PA, NY, and VA.

7. Baltimore, Philadelphia, Washington, D.C. and New York City are within an hour or two's drive; accessible without being too close to the congestion.

8. The University of Delaware offers a Higher Education for Senior Citizens program. Citizens 60 years of age or older, who are formal degree candidates, may attend classes for credit tuition free.

9. There's ample history to explore in Delaware - we've been making history since 1787!

10. Recreational opportunities abound, with ample beaches, parks, wildlife areas, golf courses, performing arts venues, dining, shopping, gaming, and more!

Don't just take my word for it - visit Delaware for yourself! If you are considering relocation, the communities of Wilmington and Newark have much to offer, and I would be happy to show them to you. You can also explore our beautiful homes for sale and compare the broader market to the unique advantages of a 55+ residential community.

As your professional Wilmington and Newark, DE real estate agent, I have the local expertise and dedication to service that will make your relocation experience a smooth transition. You can trust my professional guidance to help you find the right home within your budget, and respond to your needs!

For more information about Delaware homes and our wonderful communities, please contact me today!

Katina Geralis
Wilmington, DE Real Estate Expert
Keller Williams Realty
Wilmington Real Estate
Wilmington Homes for Sale
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