Maybe, you are looking for a fresh start. Perhaps you want to start your own business or relocate somewhere away from the hustle and bustle of the major cities. Or, maybe you want to settle for someplace that fits your retirement lifestyle. Whatever situation you may be in, more or less you’ve considered moving into Delaware. 

Delaware’s history dates back to the 17th century, and it’s the first official state of the United States under the constitution. So, you’d expect that this is a strong state full of historical facts and importance. Not only that but Delaware is known for its wonderful beaches facing the Atlantic Coast. Sounds good already? 

But before you jump right in, maybe you're wondering about the actual Pros and Cons before actually moving in. And this guide is here to help you weigh your options and make you an informed buyer. So, let’s jump right in, and let’s start with the Pros of moving into Delaware. 

The Pros of Living in Delaware

1. Housing Costs and Taxes are reasonable for families.

Even though space is at a premium in Delaware, you will see that the housing market prices are reasonable. The average home price in Delaware is below $210,000. If you want to rent a single-family home after moving to Delaware, then you can expect to pay somewhere around $1,400 per month, and for apartments, this will go cheaper.

In terms of taxes, you won’t need to worry about the added expense of a sales tax when you go shopping. Also, Delaware has one of the lowest real estate tax rates in the country, and the income tax rate has a maximum of only 6.6%, with Social Security benefits exempted too. Pensioners above the age of 60 can exempt $12,500 of their retirement income or pension from the state taxes as well.

2. Education and Job Opportunities are abundant.

Delaware has various choices of high-quality private and public educational institutions from which to choose, like the University of Delaware. You can then look into a job that pays well without leaving the state. Some of the fastest-growing careers, like electricians, business analysts, healthcare workers, HVAC technicians, and carpenters, are currently hiring here! 

3. The Location is amazing and strategic.

Wherever you choose to live in Delaware, your home location will always be about 30 minutes from the coast most of the time. Its centralized location gives also access to many of the larger major cities of Baltimore, Philadelphia, Washington, and New York. Most of the cities are accessible by train, which means you can commute to work each day even if there is significant mileage that you must cover. That is just another reason why living here is such an affordable experience.

4. When it comes to retirement benefits, nothing beats Delaware.

Delaware consistently ranks as one of the best destinations for retirement, and it is easy to see why. Delaware has some of the best healthcare facilities available to you in the United States. It is also very close to famous hospitals, including Johns Hopkins and Jefferson University Hospital. You can live a fairly active outdoor lifestyle if you decide to move here. 

5. The Culture is Vibrant and Alive

Delaware has a huge community in theater, performing arts, and music. You’ll find countless prospects throughout the year to go on historic state tours. Many of the small neighborhoods provide small art galleries and museums for you to exhibit your work. You can go on horseback rides through the state parks, take advantage of the sophisticated cultural offerings, and enjoy the various music festivals which run each year. If you want fun, Delaware is full of it!

The Cons of Living in Delaware

1. International flights are scarce.

If you decide to start living in Delaware, then you will need to consider your transportation needs. New Castle Airport is the primary flight provider for the state, but they only provide a few destination choices in the United States. There are no direct international flights that you can take from your local airport. That means you will need to drive to Philadelphia or Baltimore (or take the train or a shuttle) if you want to see the world during your retirement or while you are on vacation. Don’t worry, it’s still just one train ride away. 

2. Personal Doctors are quite a few.

You may find it a bit challenging to establish a relationship with a primary or personal doctor. Although you will have access to superior healthcare choices when you start living in Delaware, a doctor usually have their schedule full for about six months. The emergency care here is exceptional, but you will need to prepare for more traveling expenses if there are some regular healthcare needs you need if immediate.

3. Be prepared for monsoons and possible hurricanes.

Living on the Beaches means all of the rainfalls, monsoons, and hurricanes will probably pass through Delaware first. When you start living in Delaware, then you must pay attention to possible storms, although there hasn’t been a storm that has made landfall in the past 150 years. You will need to speak with your homeowners’ insurance provider to talk about what options are best for you here, especially flood insurance, to ensure that all of your assets are protected.

Final Thoughts

There is no perfect state to live in, and every place has its pros and cons. But, clearly, in Delaware, the pros outweigh the cons. And here at Loft Realty, we are always with you in choosing the best homes, insurance, and deals which makes the cons a little bit easier to manage. So, feel free to reach out to us today, and together let’s claim that dream home of yours here in Delaware!