The top three things that Delaware is known for are the tax benefits that you have in this state. There is no local or state sales tax. In addition, the beaches, having won several awards, are another factor that Delaware is well known for. Thirdly, the state is known for having great healthcare.
Is Delaware a good state to move to?
Known for its central location, low crime rates, zero sales tax, relatively low cost of living and beautiful clean beaches, moving to Delaware can be a great choice if all of that sounds like what you’ll like to experience. Delaware is home to several industries that support both small and large businesses.
Is Delaware a great place to live?
Delaware is famed for its pristine, family-friendly beaches, which draw thousands of day-trippers each summer. Dewey Beach and Rehoboth Beach have garnered 5-star ratings for water quality, and like other stretches of Delaware seashore, offer an idyllic setting for shopping, dining and watersports.
What are the benefits of moving to Delaware?
Pros And Cons Of Living In Delaware
- Great place for jobs OR retirement.
- Excellent tax benefits.
- Diverse educational opportunities.
- Plenty of fun things to do.
- High-quality health care system.
- Negative effects of overcrowding.
- Difficult to get places.
- High crime rates.
What part of Delaware is a good place to live?
Hockessin
It’s considered one of the best places for families in the state. While Delaware overall holds a crime rate relatively close to the national average, Hockessin is a haven for parents to allow their kids to explore. Its crime rate is 62% lower than the state overall.
What are the cons of living in Delaware?
The Cons of Living in Delaware
- Catching an international flight may be a problem. A major drawback to living in Delaware is that you will need to travel to nearby states in order to catch an international flight.
- Dense population.
- There are not enough doctors.
- Public transportation.
- Hurricanes.
Why are houses in Delaware so cheap?
Delaware is one of the only northeastern states which has maintained a cost of living only slightly above the national average. One reason why Delaware has managed to stay so affordable is the tax benefits it provides residents, particularly homeowners.
What you should know before moving to Delaware?
Things to Consider Before Moving to DE. Top Places to Live in this Mid-Atlantic State.
Tax Rates
- Property Tax: 0.56%. The effective real-estate tax rate is 6th lowest in the US.
- Sales Tax: The state of Delaware does not currently collect sales tax.
- Income Tax: 2.2–6.6%. The state has a graduated income tax rate.
What is the racial makeup of Delaware?
Table
| Population | |
|---|---|
| White alone, percent | 68.4% |
| Black or African American alone, percent(a) | 23.6% |
| American Indian and Alaska Native alone, percent(a) | 0.7% |
| Asian alone, percent(a) | 4.2% |
Does Delaware get a lot of snow?
Snow is uncommon in Delaware, as the temperatures are usually too warm, averaging in the upper 40s°F to low 50s °F from December through February. Spring tends to be rather rainy though the daytime highs start to become mild by mid-March.
Is it cheaper to live in DE or FL?
Delaware is 1.6% cheaper than Florida.
Are people in Delaware friendly?
Delaware ranked the third least friendly state in the country, according to Big 7. “Is it Delaware’s (possibly misjudged) reputation as boring what makes our readers think of it as unfriendly?” Big 7 wrote. “Unfortunately it’s ranked as one of the least friendliest states in America.”
Is Delaware liberal or conservative?
Major issues. Delaware residents as a group tend to vote toward the conservative side of moderate on fiscal and economic issues, and are more moderate on social issues.
Does Delaware get hit by hurricanes?
Since reliable records began, no tropical cyclone has struck the state while maintaining hurricane intensity, and only two storms since 1851 caused hurricane-force winds in the state.
Is it cheaper to live in Maryland or Delaware?
Maryland is 20.4% more expensive than Delaware.
Is it cheaper to live in Pennsylvania or Delaware?
Delaware is 1.2% cheaper than Pennsylvania.
What is the safest town in Delaware?
Safest Cities in Delaware, 2019
| Rank | City | Safety Index |
|---|---|---|
| 1 | Newark | 0.23 |
| 2 | Middletown | -0.15 |
| 3 | Smyrna | -0.26 |
| 4 | Dover | -0.5 |
Is Delaware tax friendly?
Along with only Alaska and three other states, Delaware has no no state or local sales tax. Also no taxes on Social Security benefits. Plus $12,500 exclusion for retirement income (such as pensions) if you are over 60.
Why do retirees move to Delaware?
Practical matters like finances are a top concern when it comes to retirement planning. Retiring in Delaware is a smart money move because the state has one of the nation’s lowest property tax rates, along with exclusions for seniors on pension and 401(k) income and other tax credits for homeowners over the age of 65.
How much money do you need to buy a house in Delaware?
Typically, mortgage lenders in Delaware want you to contribute 20% of the purchase price as a down payment. That would be $72,331 for a $361,656 home — the typical home value in Delaware.
? Key takeaway:
| Mortgage type | Minimum down payment (%) | Down payment ($) |
|---|---|---|
| FHA Loan | 3.5% | $12,658 |
| Conventional | 3% | $10,850 |
What is a good salary in Delaware?
Most salaries in Delaware range between $51,064 (25th percentile) to $86,094 (75th percentile) annually. Of course, salaries will vary depending on yor occupation, experience, and many other factors.