Move over, New Jersey. Delaware is the new king for first-time home buyers. 

With lower prices, less competition, and excellent quality of life, Delaware is the clear choice for anyone looking to buy their first home. Don't believe us? Check out our top reasons why Delaware is better than New Jersey for first-time home buyers!

Delaware's central location is better than New Jersey's.

You might think it doesn't matter, but it makes a difference when you're trying to commute to work or get around the state. Delaware's central location can get to any part of the state in two hours or less; in New Jersey, you can take up to three hours or more.

Delaware has lower property taxes than New Jersey.

One of the most excruciating expenses for any new homeowner is property taxes. The average effective property tax rate in Delaware is only 0.43%. That means that for a home worth $250,000, you would only have to pay about $1,075 in property taxes each year. 

But, In New Jersey, the average effective property tax rate is 1.89%. That means that for the same $250,000 home, you would have to pay $4,725 in property taxes each year. That's more than three times as much!

Delaware has more Fortune 500 companies incorporated than New Jersey.

When it comes to business opportunities, Delaware wins hands down. The state incorporated 66% of all Fortune 500 companies, and New Jersey only has 17. 

Plus, Delaware's job market is growing at a much faster rate than New Jersey's. Delaware's economy has increased by 2.6% in the past year, and New Jersey has only grown by 1.1%.

Delaware beaches are cleaner than New Jersey beaches.

It's true! According to the Natural Resources Defense Council, Delaware's beaches are some of the cleanest in the country. Experts ranked Delaware's beach water as Number 1 for water quality, while New Jersey ranked 7th. 

The cost of living is lower in Delaware than in New Jersey.

One of the most necessary expenses for any new homeowner is the cost of living. And the truth is, the cost of living in Delaware is lower than in New Jersey. 

In fact, according to RentCafe, the cost of living in New Jersey is about 16% higher than the national average, and in Delaware, it's only 7% above the national average. In case you don't know, the national average cost of living is $2,960 for singles and $5,150 for families. 

Delaware is more affordable than New Jersey in buying a home.

Affordability is an essential thing to consider when buying a home. According to Redfin, the median home price in Delaware is around $367,000; in New Jersey, it's about $464,000. That means homes in Delaware are cheaper than homes in New Jersey.

Overall, people are just friendlier in Delaware!

One of the unique things about Delaware is that the people are so lovely! There's a strong sense of community and calm here that you can't see in New Jersey, and you will know once you come here. 

Final Thoughts

So, there you have it! These are just a few reasons why Delaware is better than New Jersey. Delaware is perfect if you're looking for a great place to live, work, and raise a family and if you want to save on taxes. 

Are you a former New Jersey resident looking for a cheaper state? Hop on in here in Delaware! And we at Loft Realty will be more than happy to serve you. Click here, and let's get that Delaware home for you!