Is Delaware a good state to live in?

Is Delaware a good state to live in?

Delaware’s scenic beauty, low taxes and affordable housing make this tiny state a wonderful place to live, work and play. Increasing numbers of people – from young couples to retirees – have discovered the wide-ranging benefits of Delaware living.

Are there tax advantages to living in Delaware?

Tax Benefits of Living in Delaware Delaware is one of five U.S. states that levies no sales tax of any kind. Delaware’s income tax rates are relatively low. Social security income is not subject to state income tax, nor is the first $12,500 of investment or pension income.

Why you should not live in Delaware?

Delaware’s state parks are boring – you might as well fall asleep as you trek through them. There aren’t amazing historic landmarks, old farms, and gorgeous trails to check out. It’s really just, well, flat roads. There’s certainly no reason to move to Delaware if you’re a nature-lover.

Why are taxes so low in Delaware?

The state has no value-added taxes (VATs), it does not tax business transactions, and it does not have use, inventory or unitary tax. There is no inheritance tax in Delaware, and there are no capital shares or stock transfer taxes.

What should I know before moving to Delaware?

Top 10 Reasons to move to Delaware

• There are no sales taxes in Delaware.
• Up to $2,000 income tax credit for first time homebuyers.
• Delaware is a splendid state for retirement.
• Beautiful park lands.
• Thriving job market.
• Enjoy tasty cuisines.
• Delaware is home to clean, breathtaking beaches.
• Lots of educational opportunities.

Does Delaware get 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.

At what age do you stop paying property taxes in Delaware?

65
The State of Delaware currently offers homeowners ages 65 and over a tax credit against their school property taxes of 50\% (up to $400). The Senior School Property Tax Credit may be used against the property taxes on a primary residence.

Why are houses in Delaware so cheap?

Sales Tax: Delaware has no state sales tax, although some cities have one. Property Taxes: Property taxes in Delaware are one of the lowest of any state at . 43\% of assessed fair market value. Social security exemption.

Is Delaware boring?

According to Internet stereotypes, Delaware is the most boring state in the U.S., The Huffington Post reports today. So, apparently, Delaware (tied with Nebraska) is as dull as ditchwater, but it could be worse.

Does Delaware get hurricanes?

Hurricanes. Delaware does not have to experience a direct hit from a hurricane to get some of the most powerful parts and devastating effects of nearby storms and hurricanes. Hurricane hazards include storm surge and severe coastal flooding, high winds, inland flooding, tornadoes, and large waves and rip currents.

What are the retirement benefits in Delaware?

Other benefits to retiring in Delaware include the beautiful beaches and quaint towns that offer endless recreational and entertainment options as well as historic and cultural attractions. There are coastal resort-style towns like Bay Crossing and Heritage Shores in Sussex County that are near Bethany Beach or Rehoboth Beach .

What is the legal working age in Delaware?

Minors can obtain employment at the age of 14 in Delaware, and a work permit is required for anyone under the age of 18. For teenagers seeking the opportunity to earn money and gain valuable work experience, Delaware makes things easy. Once the work permit is obtained, it should be filed and accessible by the employer.

Is Delaware tax friendly for retirees?

Delaware may have been the first state; but it’s probably not the first one to come to mind when you think of retirement. However, choosing Delaware as a retirement destination does have its advantages. According to a 2012 report reported by Kiplinger .com on state taxes on retirees, Delaware is one of the most tax-friendly states for retirees.