Moving to Delaware: What You Need to Know
Delaware is famous for having no sales tax, making every purchase -- from groceries to cars to electronics -- tax-free. The state offers a strategic Mid-Atlantic location with easy access to Philadelphia (30 minutes from Wilmington), Baltimore, and Washington, DC. With low property taxes averaging just 0.53% and a median home price around $340,000, Delaware provides a cost-effective alternative to its pricier neighbors.
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Cost of Living in Delaware
Median Home Price
$340,000
Median Monthly Rent
$1,300/mo
Avg Local Move
$950
Avg Long-Distance Move
$3,800
Taxes in Delaware
| Tax Type | Rate |
|---|---|
| State Income Tax | 2.2%–6.6% (progressive) |
| Effective Property Tax | 0.53% |
| State Sales Tax | None |
Job Market & Economy
Delaware Climate & Weather
Moderate four-season climate with warm, humid summers and mild winters. Coastal areas can see nor'easters. Average snowfall is 15–20 inches.
Best Cities to Move to in Delaware
Pros and Cons of Living in Delaware
Pros
- +No state sales tax on any purchases
- +Low property taxes at just 0.53% average
- +Strategic location between Philadelphia, Baltimore, and DC
- +Tax-free shopping attracts visitors and benefits residents
Cons
- -Small state with limited metro areas and job options
- -Income tax top rate of 6.6% is moderately high
- -Coastal flooding and sea-level rise concerns
- -Limited public transit outside Wilmington area
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Frequently Asked Questions
How much does it cost to move to Delaware?
A local move within Delaware averages $700–$1,100, reflecting the state's small size. Moving from the surrounding region (PA, NJ, MD) costs $1,000–$2,500. Cross-country moves to Delaware typically run $3,500–$6,500.
Why do so many companies incorporate in Delaware?
Over 60% of Fortune 500 companies are incorporated in Delaware due to its business-friendly Court of Chancery and corporate tax structure. This brings legal and financial services jobs to the state. However, this primarily benefits the corporate sector -- individual residents still pay income tax on their wages.
Is Delaware a good state for retirees?
Yes, Delaware is retirement-friendly with no sales tax, low property taxes, and no tax on Social Security benefits. The first $12,500 of retirement income is tax-exempt for those 60+. Rehoboth Beach and Lewes are popular coastal retirement communities with a relaxed lifestyle.
What are the best places to live in Delaware?
Wilmington offers the most urban setting with restaurants, culture, and easy Amtrak access to Philly and NYC. Middletown is the fastest-growing suburb with new developments and good schools. Newark has a college-town vibe near the University of Delaware. Rehoboth Beach is a charming coastal option for retirees and vacation-home buyers.
What is the job market like in Delaware?
Delaware's job market is anchored by financial services (Bank of America, JPMorgan Chase, Capital One), chemical/pharma companies (DuPont legacy companies, AstraZeneca), and healthcare (ChristianaCare). The state benefits from proximity to Philadelphia and its suburbs for additional commuter job opportunities.