Lifestyle
If you’re thinking about retiring in the Northeast, Delaware can be a great destination. Retiring in Delaware can mean cold, snowy winters, but you’ll also get a beautiful fall and spring and a milder summer than in more southern states or out west. There are also plenty of coastal towns for those who love boating or outdoor recreation.
Adam Cecil
Published August 15th, 2024
Updated January 6th, 2025
Adam Cecil
•
Published August 15th, 2024
•
Updated January 6th, 2025
Table of Contents
Key Takeaways
Delaware is stocked full of small, charming towns that will give you plenty to do in retirement.
The cost of living is higher than average overall, but you’ll find some cities are more affordable than others.
Delaware offers long, chilly winters, but you’ll also get milder summers.
Delaware is quickly becoming a top destination for retirees seeking a peaceful and convenient lifestyle. Its low cost of living, tax-friendly policies, and charming small towns make it ideal for seniors looking to settle down. With proximity to the East Coast’s major cities and a mild climate, Delaware offers a mix of urban amenities and serene coastal living. Here’s a guide to the best places to retire in Delaware in 2025.
Is Delaware tax-friendly for seniors?
Delaware is one of the most tax-friendly states for retirees. The state has no sales tax, which means your purchases stretch further. Additionally, Social Security benefits are not taxed, and there are generous exemptions for other types of retirement income, including pensions and 401(k)s. These policies make it a financially attractive option for seniors looking to maximize their retirement savings.
Do seniors in Delaware pay property taxes over 65?
Delaware provides significant property tax relief for seniors over 65. Homeowners may qualify for the Senior School Property Tax Credit, which offers a reduction of up to $400 on their annual property taxes. This program, combined with the state’s already low property tax rates, helps retirees maintain financial stability while enjoying homeownership.
What benefits do seniors get in Delaware?
Delaware offers a variety of benefits for seniors, including tax breaks, affordable healthcare, and robust community services. Seniors can take advantage of programs like the Delaware Senior Medicare Patrol, which assists with healthcare fraud prevention, and senior centers across the state that provide fitness classes, social events, and meal programs. Additionally, the state’s transportation system offers discounted fares for seniors, making it easier to stay connected and active.
Where is the best place to retire in Delaware?
The best place to retire in Delaware depends on your preferences. From coastal towns with serene views to bustling cities with plenty of amenities, Delaware has something for everyone. Below, we’ve highlighted some of the top locations to consider for your retirement.
Salisbury
CITY POPULATION: 33,050
SHARE OF POPULATION 65+: 13.3%
COST OF LIVING FOR RETIREES: 22.2% above the national average
MEDIAN HOME VALUE: $241,318
MEDIAN RENT: $1,625
TAX RATING FOR RETIREES: Tax Friendly
Salisbury, situated near Delaware's border with Maryland, offers retirees a quiet lifestyle with easy access to modern conveniences. Its proximity to the Delaware beaches and attractions like the Salisbury Zoo makes it an appealing choice for nature lovers. The town has a small-town charm with a focus on community, while still providing excellent healthcare facilities and local amenities. Retirees can enjoy a peaceful environment without sacrificing access to dining, shopping, and recreational activities.
Dover
CITY POPULATION: 39,403
SHARE OF POPULATION 65+: 17.3%
COST OF LIVING FOR RETIREES: 11.1% above the national average
MEDIAN HOME VALUE: $309,376
MEDIAN RENT: $1,620
TAX RATING FOR RETIREES: Tax Friendly
As the capital of Delaware, Dover combines historical significance with a welcoming community. Retirees here benefit from numerous cultural attractions, including museums, historic sites, and live performances at the Schwartz Center for the Arts. Dover’s cost of living is relatively low, and it offers access to excellent healthcare and senior programs. The city’s parks and outdoor spaces provide plenty of opportunities for recreation and relaxation.
Newark
CITY POPULATION: 30,601
SHARE OF POPULATION 65+: 12.7%
COST OF LIVING FOR RETIREES: 12.3% above the national average
MEDIAN HOME VALUE: $340,495
MEDIAN RENT: $2,000
TAX RATING FOR RETIREES: Tax Friendly
Newark is a lively city with a youthful vibe thanks to the University of Delaware, yet it remains a fantastic option for retirees. The city features beautiful walking trails, such as those in White Clay Creek State Park, and a vibrant downtown filled with restaurants and cultural events. Retirees enjoy the community’s dynamic energy while benefiting from quality healthcare and senior-focused activities. Newark’s mix of suburban comfort and urban amenities creates an engaging environment for those seeking an active retirement.
Wilmington
CITY POPULATION: 70,898
SHARE OF POPULATION 65+: 16.5%
COST OF LIVING FOR RETIREES: 12.4% above the national average
MEDIAN HOME VALUE: $301,985
MEDIAN RENT: $1,700
TAX RATING FOR RETIREES: Tax Friendly
Wilmington offers the perfect blend of city living and small-town charm, making it an excellent choice for retirees. The city is known for its cultural attractions, such as the Delaware Art Museum and the Grand Opera House. With scenic parks like Brandywine Park and easy access to nearby cities like Philadelphia, Wilmington is ideal for those who want urban conveniences with opportunities to explore. Retirees here also appreciate the city’s healthcare options and active senior community.
Milford
CITY POPULATION: 11,190
SHARE OF POPULATION 65+: 24.1%
COST OF LIVING FOR RETIREES: 10.6% above the national average
MEDIAN HOME VALUE: $324,325
MEDIAN RENT: $1,900
TAX RATING FOR RETIREES: Tax Friendly
Milford is a picturesque town along the Mispillion River, ideal for retirees looking for a slower pace of life. The town features a vibrant arts scene, with galleries and events like the annual Riverwalk Festival. Its charming downtown area offers unique shops and cozy dining spots, perfect for leisurely afternoons. Milford’s friendly community and access to outdoor activities make it a relaxing and fulfilling place to retire.
Middletown
CITY POPULATION: 23,192
SHARE OF POPULATION 65+: 18%
COST OF LIVING FOR RETIREES: 11.7% above the national average
MEDIAN HOME VALUE: $501,062
MEDIAN RENT: $2,450
TAX RATING FOR RETIREES: Tax Friendly
Middletown combines suburban living with a small-town feel, making it a popular choice for retirees. The town is known for its well-maintained parks, shopping centers, and community events. With its rapid growth, Middletown offers modern amenities without the hustle and bustle of a big city. Retirees enjoy a close-knit community and easy access to healthcare and recreational activities.
New Castle
CITY POPULATION: 5,551
SHARE OF POPULATION 65+: 21%
COST OF LIVING FOR RETIREES: 12.4% above the national average
MEDIAN HOME VALUE: $261,897
MEDIAN RENT: $1,507
TAX RATING FOR RETIREES: Tax Friendly
New Castle is a historic gem with cobblestone streets, colonial architecture, and a serene riverside setting. Retirees who enjoy history will love exploring the town’s museums and landmarks, such as the Old New Castle Court House. The walkable downtown and peaceful neighborhoods make it a perfect place for leisurely living. With its strong sense of community and charming ambiance, New Castle is a delightful retirement destination.
Seaford
CITY POPULATION: 7,957
SHARE OF POPULATION 65+: 20.8%
COST OF LIVING FOR RETIREES: 11% above the national average
MEDIAN HOME VALUE: $287,125
MEDIAN RENT: $1,750
TAX RATING FOR RETIREES: Tax Friendly
Seaford offers a tranquil rural lifestyle while still providing essential amenities for retirees. Located along the Nanticoke River, the town is perfect for those who love fishing, boating, or simply enjoying the outdoors. Seaford’s affordability and welcoming atmosphere make it a popular choice for retirees seeking peace and quiet. The town also features a range of community activities, ensuring seniors stay connected and engaged.
Hockessin
CITY POPULATION: 13,478
SHARE OF POPULATION 65+: 23.3%
COST OF LIVING FOR RETIREES: 12.4% above the national average
MEDIAN HOME VALUE: $562,085
MEDIAN RENT: $2,600
TAX RATING FOR RETIREES: Tax Friendly
Hockessin is an upscale suburb that provides a balance of luxury and convenience for retirees. The town is known for its beautiful homes, excellent healthcare facilities, and abundance of recreational opportunities, including golf courses and nature trails. Hockessin’s community is warm and welcoming, with plenty of local events and activities for seniors. Its proximity to Wilmington and other cities ensures access to cultural and urban amenities without sacrificing suburban comfort.
Georgetown
CITY POPULATION: 7,134
SHARE OF POPULATION 65+: 15%
COST OF LIVING FOR RETIREES: 10.6% above the national average
MEDIAN HOME VALUE: $325,678
MEDIAN RENT: $2,495
TAX RATING FOR RETIREES: Tax Friendly
Georgetown, the heart of Sussex County, offers retirees a mix of rural charm and modern amenities. The town is known for its historic landmarks, quaint streets, and friendly community atmosphere. Retirees appreciate Georgetown’s affordability and its location near Delaware’s popular beach towns. With a variety of senior-focused programs and services, Georgetown is a peaceful yet engaging place to spend your golden years.
Bottom Line
Is Delaware a good state to retire to? If you enjoy history, arts and culture, and waterfront views and water activities, Delaware might be the ideal location to retire. The financial element may make it more complicated for some retirees—while the tax-friendliness for seniors is a plus, the high cost of living should be an important factor in your decision.
Wherever you decide to retire, Retirable can help by working with you to craft a plan that will ensure you can enjoy your dream retirement without worrying about your finances.
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Adam Cecil is a freelance writer who has produced financial content for Retirable, Policygenius, and Donational, In his free time, he writes the weekly pop culture newsletter Night Water and produces independent fiction podcasts.
Getting Started
Northeastern U.S. Best Places To Retire
Southern U.S. Best Places To Retire
Midwestern U.S. Best Places To Retire
Western U.S. Best Cities To Retire
Share this advice
Adam Cecil is a freelance writer who has produced financial content for Retirable, Policygenius, and Donational, In his free time, he writes the weekly pop culture newsletter Night Water and produces independent fiction podcasts.
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