This article looks at the 5 best places to retire in Delaware. If you wish to see our detailed analysis of healthcare expenses and the advantages of retiring in Delaware, please check out the 15 Best Places to Retire in Delaware.
5. Claymont
Insider Monkey Score: 15.80
Livability Score: 72
Median Home Price: $325,000
Median Rent: $1,600
IM Cost of Living: 102.6
IM Air and Water Quality Score: 35
Claymont is located on the Delaware River, close to the state border with Pennsylvania. The town offers a comfortable lifestyle, with housing costs and cost of living hovering around the state median. Claymont is located just under 30 miles from Philadelphia.
4. Milton
Insider Monkey Score: 16.37
Livability Score: 74
Median Home Price: $483,000
Median Rent: $1,800
IM Cost of Living: 108.1
IM Air and Water Quality Score: 62
Milton is a small town that offers an abundance of recreational activities. It is located close to some of Delaware’s popular beaches whilst sustaining the appeal of a tranquil town. It is also a short drive away from the Bayhealth Hospital in Milford, making it the ideal place for comfort and enrichment.
3. Smyrna
Insider Monkey Score: 16.94
Livability Score: 68
Median Home Price: $294,950
Median Rent: $2,000
IM Cost of Living: 99.0
IM Air and Water Quality Score: 52
Smyrna is a historic town and some of its 18th century architecture remains preserved to this day. Retirees in Smyrna have great access to natural beauty, with Lake Como and Bombay Hook Wildlife Park being quite close to the town. Just East of the town lies Woodland Beach, offering an escape into the waters of Delaware Bay.
2. Newark
Insider Monkey Score: 18.11
Livability Score: 83
Median Home Price: $436,000
Median Rent: $2,000
IM Cost of Living: 105.1
IM Air and Water Quality Score: 37
In terms of livability, Newark is by far the highest-scored place on our list. Although housing and the cost of living in the city are steeper in comparison to most of the state, Newark offers a vibrant atmosphere to enrich your golden years. It is home to the University of Delaware and also features Iron Hill Park and the Newark Reservoir.
1. Dover
Insider Monkey Score: 18.81
Livability Score: 68
Median Home Price: $271,000
Median Rent: $1,700
IM Cost of Living: 96.0
IM Air and Water Quality Score: 50
The best place to retire in Delaware is the state capital, Dover. The city dates back to the 17th century, thus carrying centuries worth of heritage and culture. Among the city’s attractions are Silver Lake, the Dover Motor Speedway, and Bally’s Casino Resort. Owing to these factors, Dover isn’t just affordable, but also an extremely entertaining destination for retirement.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 15 Best Places to Retire in West Virginia and 15 Best States to Retire for Women in the US.