Why to Retire in Delaware
Why to Retire in Delaware
December 21, 2021
When it comes to retirement planning, one of the most crucial decisions you’ll make is where to live. Not just your actual house, but also the city in which you choose to call home. You’ll want a location that offers everything you need and desire in retirement.
And that’s why we created Riverbend, an active 55+ community located in the city of New Castle, Delaware. This is not only a charming historic location but also offers all the modern comforts and conveniences you’ll need during retirement. Read on to discover all the benefits of retiring here!
While Delaware’s cost of living is about 11% higher than the national average, there are many costs that fall into that calculation (cost of housing, taxes, transportation, food, etc.) that actually make it fairly competitive for retirees. Especially when you compare it to neighboring states.
For one thing, healthcare, which is critical in retirement years, is a relatively cheap expense in Delaware.
Housing is another cost that’s more affordable in New Castle. The housing market is booming everywhere, but the median sale price for homes in this region is below $400k. This creates a great incentive for active adults on a budget.
And then there are taxes. Delaware does not tax Social Security income, and people over the age of 60 can deduct up to $12,500 in earnings from their taxes.
When you retire, you want to be in a location that’s both comfortable and convenient. And that’s exactly what New Castle offers.
Located near Philadelphia (45 min), Dover (50min), Baltimore (1.5hr), Rehoboth Beach (1.5hr), Cape May (2hrs), and Washington D.C, you’ll never run out of things to do here. And with its close proximity to major highways and airports, getting around is a breeze.
At Riverbend, we weren’t content with just building great homes. We’ve created a community that is the perfect place to live out retirement years. And that includes our amazing amenities!
Active seniors love the Riverbend clubhouse with an indoor pool and outdoor decks, a fitness center, and gathering areas for neighbors to get to know each other.
Plus, our location can’t be beaten. New Castle is a beautiful historic town that offers all the modern conveniences you could want or need. From retail and dining options to entertainment, outdoor excursions, and culture, you’ll find everything you’re looking for right here.
If you’re considering retirement, we urge you to explore Riverbend in New Castle.
For more information on this wonderful community including floor plan options, pricing, and more, click here or call our team today. We’d be happy to answer any of your questions!