Delaware is known as the First State, and it makes sense that this could be your first destination for retirement. There are many reasons why someone would want to move there. It's an iconic piece of US history, and it's a state with some moderate weather. In addition, it's a state with low taxes, meaning that you might be able to have a peaceful retirement without having to pay Uncle Sam too much. However, what is the cost of living compared to the rest of the US? We'll look at Delaware's cost of living in the next section, so stay tuned.
The cost of living in Delaware is about 8 points higher than the national average. Groceries, transportation, and miscellaneous costs are the big reasons this state can be expensive. However, the cost of housing is about 7 points less than the average, and the median home cost is less. Despite its low housing, rent costs are more than the average, so that's something to consider if you don't want to buy a home. In any state, the living costs can be determined by where in the state you're considering moving. So with careful research, you could have an affordable retirement.
| COST OF LIVING | Delaware | United States |
|---|---|---|
| Overall | 108.1 | 100 |
| Grocery | 109.5 | 100 |
| Housing | 93.3 | 100 |
| Median Home Cost | $251,100 | $291,700 |
| Utilities | 104.3 | 100 |
| Transportation | 111 | 100 |
| Miscellaneous | 113.7 | 100 |
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