Cheapest Places to Live in Delaware
Delaware, known as the First State, is famous for its low taxes, scenic coastal areas, and small-town charm. It offers a lower cost of living compared to neighboring states like Maryland and New Jersey, making it an attractive place for retirees and families.
Cost of Living in Delaware
Delaware has a moderate cost of living, slightly above the national average, but lower than many East Coast states. While housing is relatively affordable, transportation and healthcare costs can be higher.
| Cost of Living | Delaware | United States |
|---|---|---|
| Overall | 102.7 | 100 |
| Grocery | 105.2 | 100 |
| Housing | 101.9 | 100 |
| Median Home Cost | $315,000 | $291,700 |
| Utilities | 97.4 | 100 |
| Transportation | 108.5 | 100 |
| Miscellaneous | 99.3 | 100 |
Most Affordable Places to Live in Delaware
If you’re looking for affordable cities in Delaware, here are some budget-friendly options:
- Seaford – One of the most affordable towns with a small-town feel.
- Smyrna – Offers affordable housing and a peaceful environment.
- Dover – The capital city with lower housing costs and job opportunities.
- Middletown – Affordable for families with good schools and parks.
- Milford – A growing town with a lower cost of living and scenic river views.
Insurance in Delaware
Delaware has a variety of insurance options, including health, auto, homeowners, and life insurance. The state has low property taxes and no sales tax, making it financially appealing.
Health Insurance in Delaware
Residents can obtain health insurance through employer-sponsored plans, private insurers, or the state marketplace. The Delaware Health Insurance Marketplace offers Affordable Care Act (ACA) plans, providing subsidies for eligible individuals. Medicaid is also available for low-income residents.
For health insurance options, visit Choose Health Delaware.
Auto Insurance in Delaware
Auto insurance is mandatory in Delaware, with the following minimum coverage requirements:
- $25,000 per person for bodily injury liability
- $50,000 per accident for bodily injury liability
- $10,000 for property damage liability
- Personal Injury Protection (PIP): $15,000 per person, $30,000 per accident
Major auto insurance providers in Delaware include Geico, State Farm, and Allstate. Since Delaware has high insurance rates, drivers can save money by bundling policies and maintaining a clean driving record.
For more details, visit Delaware Department of Insurance.
Homeowners and Flood Insurance in Delaware
Due to its coastal location, Delaware homeowners should consider additional flood insurance, as standard policies do not cover flood damage.
Top homeowners insurance providers include:
- Liberty Mutual
- Allstate
- USAA (for military families)
For flood insurance, visit FEMA’s National Flood Insurance Program (NFIP).
Life Insurance in Delaware
Life insurance policies in Delaware include:
- Term Life Insurance – Covers a set period (e.g., 10–30 years).
- Permanent Life Insurance – Provides lifelong coverage and cash value.
Popular life insurance companies include Prudential, MassMutual, and New York Life.
Senior Healthcare Facilities in Delaware
Delaware is senior-friendly, offering tax breaks, high-quality healthcare, and numerous senior living options.
Types of Senior Care Facilities in Delaware
- Assisted Living Facilities – For seniors who need help with daily activities. Popular providers include Brookdale Dover and The Moorings at Lewes.
- Nursing Homes – Offer 24/7 medical care for elderly residents with serious health conditions. Well-rated nursing homes include Kentmere Rehabilitation and Healthcare Center.
- Memory Care Facilities – Specialized facilities for Alzheimer’s and dementia patients, such as HarborChase of Wilmington.
- Continuing Care Retirement Communities (CCRCs) – Provide a full range of services, from independent living to nursing care. Top choices include Cokesbury Village and The Summit in Hockessin.
Choosing the Right Senior Care Facility
When selecting a senior healthcare facility, consider:
- Medical services available
- Costs and financial aid options
- Facility reviews and inspections
For more information, visit Delaware Health and Social Services.
Conclusion
Delaware is an affordable state with low taxes, making it an excellent place to live, retire, and invest in property. Whether you’re looking for affordable housing, quality insurance, or senior healthcare, Delaware offers plenty of options to fit different budgets.