Most Affordable Places for Retirees in Delaware

When it comes to ideal retirement spots, the tiny state of Delaware may not be the first that comes to mind. But, with its scenic beaches, rich history, and proximity to major cities, The Diamond State is certainly one to consider when making the short list for retirement possibilities.

The state also has some financial benefits that could be a draw for retirees including lower property taxes than rival areas and no sales tax. While Delaware's cost of living is higher than the national average overall, it is still significantly lower than neighboring states offering the same amenities.

Here are the four most affordable places for retirement in Delaware.

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1. New Castle
This small historic town is said to represent the perfect marriage of affordability and amenities. While much of it is already designated as either National Monument or National Historic areas, New Castle is only a 15-minute drive to Wilmington and only slightly longer to other major Northeastern cities, MarketWatch pointed out. Retirees considering New Castle should bear in mind that the town has very limited shopping and dining, but is home to five museums and the state's main airport.

2. Wilmington
With a population of more than 72,000, Wilmington is a good choice for senior adults looking to maintain an active lifestyle, according to TopRetirements.com. Although the city has a higher crime rate than some of its neighbors, the fact that it is a college town with many festivals and parks makes it an attractive option for those retiring in Delaware. Other draws for retirees include the city's ocean access and better walkability than other Delaware towns.

3. Dover
Dover is the state capital and is located only 90 miles south of Philadelphia. The city is chock-full of museums, attractions, restaurants, and events including NASCAR races and gaming, ActiveAdultsDelaware.com pointed out. Five colleges are located within Dover and the city encompasses a larger area than any other on the Delmarva Peninsula.

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4. Harrington
Overall, Harrington has a lower cost of living than the national average making it an anomaly for Delaware and an ideal choice for retirees on a budget, according to Sperling's Best Places. Harrington sits within Kent County and is home to the Delaware State Fair each summer. One of the town's main draws for tourists is the Harrington Raceway and Casino.

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