Optional features may be included at additional costs and are subject to construction cut-off dates. On top of its favorable weather and scenery, Hawaii doesn't tax Social Security benefits or most pension benefits. Delaware, on the other hand, has some of the most reassuring crime stats in the country, both in cities and smaller communities. Although the cost of housing is competitive and there is no sales tax that you need to worry about here, the cost of living in Delaware is about 10% higher than it is on average in the United States. Let's conquer your financial goals together...faster. For more information about the income tax in these states, visit the Delaware and Pennsylvania income tax pages. Delaware has long been the mid-Atlantic’s backyard and, despite amazing cultural centers and great cities, it retains a lot of undeveloped land and smaller communities. Its cost of living is on par with that of New York City and San Francisco. Full version But, the state does have a maximum state income tax of 5.95 percent. Please sign in or create a MyInsight account to continue. Now, let's get the one downside of Hawaii out of the way: It's considerably more expensive to live in Hawaii than most anywhere else in the United States. Side-by-side comparison between Delaware and Pennsylvania using the main population, demographic, and social indicators from the United States Census Bureau. With plenty of people visiting family in Delaware this Holiday season, you might notice that outsiders will start to enjoy our tiny state, and they may point out how full of secrets the First State really is. Population estimates, July 1, 2019, (V2019), Population, percent change - April 1, 2010 (estimates base) to July 1, 2019, (V2019), Population estimates base, April 1, 2010, (V2019), American Indian and Alaska Native alone, percent, Native Hawaiian and Other Pacific Islander alone, percent, White alone, not Hispanic or Latino, percent, Owner-occupied housing unit rate, 2014-2018, Median value of owner-occupied housing units, 2014-2018, Median selected monthly owner costs -with a mortgage, 2014-2018, Median selected monthly owner costs -without a mortgage, 2014-2018, Housing units in multi-unit structures, percent, 2009-2013, Living in same house 1 year ago, percent of persons age 1 year+, 2014-2018, Language other than English spoken at home, percent of persons age 5 years+, 2014-2018, Households with a computer, percent, 2014-2018, Households with a broadband Internet subscription, percent, 2014-2018, High school graduate or higher, percent of persons age 25 years+, 2014-2018, Bachelor's degree or higher, percent of persons age 25 years+, 2014-2018, With a disability, under age 65 years, percent, 2014-2018, Persons without health insurance, under age 65 years, percent, In civilian labor force, total, percent of population age 16 years+, 2014-2018, In civilian labor force, female, percent of population age 16 years+, 2014-2018, Total accommodation and food services sales, 2012 ($1,000), Total health care and social assistance receipts/revenue, 2012 ($1,000), Total manufacturers shipments, 2012 ($1,000), Total merchant wholesaler sales, 2012 ($1,000), Mean travel time to work (minutes), workers age 16 years+, 2014-2018, Median household income (in 2018 dollars), 2014-2018, Per capita income in past 12 months (in 2018 dollars), 2014-2018, Total employment, percent change, 2016-2017, American Indian- and Alaska Native-owned firms, percent, 2007, Native Hawaiian- and Other Pacific Islander-owned firms, percent, 2007. Total plan square footage calculations are from the outside of exterior walls and include interior partition walls. All buying decisions should be based on visiting and viewing the physical homesite with consultation from our Delaware new home builder representatives. Delaware is the second-smallest state in the country, with a landmass of less than 25,00 square miles. Tax-Rates.org provides free access to tax rates, calculators, and more. In a continuing effort to improve our new homes in Delaware, Insight Homes reserves the right to make changes or modifications to floor plans, specifications, materials, features and colors at any time and without notice. Of the seven states listed here, this should be the least surprising of them all. See you at the top! That’s a win whether you want to live a modest, frugal lifestyle or are looking to move up to something luxurious without overspending. © 2009-2020 Expatistan.com. Recently, there has been an increase in longtime Philadelphians looking to move out of the city or leave behind southeast Pennsylvania altogether. Insight Homes of Delaware, named #1 in Nation, Department of Energy names Insight Homes 2020 Innovation Award Winner, Insight Homes Wins 2019 US Department of Energy Housing Innovation Award. Other important consid­er­a­tions are access to healthcare, climate, and culture. West Virginia Among the best states to retire, West Virginia cracks the top three with its beautiful scenery and very low cost of living. The MoneyWise article noted top-notch health care in Philadelphia. Save & share your favorite homes and communities, and view exclusive locked content by creating a MyInsight account. In terms of cost of living, Philadelphia is no Brooklyn—but it’s no Dover either. There is no sales tax and property taxes are low, so many consider Delaware a bargain for retirement. Pennsyl­vania always ranks high for retiree health care. The reason is that all 50 U.S. states have differences in the way your income and retirement benefits may be taxed. Retire­mentLiving also noted the tax advan­tages mentioned earlier. Lower cost of living –This is probably number one for almost everyone who moves to Delaware. Use this tool to compare the state income taxes in Delaware and Pennsylvania, or any other pair of states. Surveys report that more than a third of seniors move to another state sometime after retirement. Above the exclusion, the state income tax is applied in a range from 2.2% (on taxable income of $2,001 to $5,000) and 6.6% (on taxable income above $60,000). For more information about the income tax in these states, visit the Delaware and Pennsylvania income tax pages.

Cumulative Growth of a $10,000 Investment in Stock Advisor, The 7 Best States to Retire @themotleyfool #stocks, Cost of Living Adjustments Don't Pack the Same Punch if You Claim Social Security Early, Investing in This Retirement Account Could Hurt You if You Plan to Work Late in Life, Here's Exactly Why Social Security Beneficiaries Keep Losing Buying Power, 3 Financial Habits That Could Set You Up for a Secure Retirement, Copyright, Trademark and Patent Information. My husband still worked in Wilmington and did the commute until he got a job in Philly. 1. They cited our livable four-season climate with warm summers, a pleasant fall and a genuine winter. Kiplinger provides a very helpful State-by-State guide to taxes for retirees. Create one for free. Even in Delaware’s metro centers, the cost of housing tends to run lower than equivalent pads in Philly, with cheaper nightlife and day-to-day expenses as well. 1. The state does not tax Social Security benefits or military pensions. South Dakota's vast energy assets (oil and natural gas) generate enough revenue to the point where a state income tax, as well as estate and inheritance taxes aren't needed. Median home prices are also particularly attractive. Pennsylvania does not tax distributions from pensions, individual retirement accounts (IRAs), 401Ks or Social Security. Less crowded and busy –Philadelphia is loud and congested – a byproduct of the fact that it’s the fifth-largest city in the country, by population (and the sixth-largest metro area). 3. In addition to having the ocean, mountains, and forest all within driving distance, Delaware also offers an abundance of financial perks for seniors. For a deeper dive into what to expect living in Delaware, check out our blog series about different areas of Sussex County near Insight Homes communities. Pennsyl­vania ranked number 14 in this compi­lation. ), 1 min. My husband got a job in Wilmington so we decided to move there from center city Philly and it was the worst decision we ever made. Consult a Community Sales Manager for additional information. For an in-depth comparison, try using our federal and state income tax calculator. Unfor­tu­nately, New Jersey has the highest real estate taxes in the country. The state sales tax at 6.0% is among the 20 lowest in the country.