March 29, 2016 — Due to popular requests we periodically update our extensive series of “Dueling Retirement States”. The latest to be updated is the comparison of retirement in Virginia, Maryland, New Jersey, and Delaware.
The previous version of this comparison was from 2010. Since then most trends and facts stayed relatively the same. But here are some salient points from the update:
– Delaware and Virginia tend to be more popular for retirement than NJ or MD (between them they have 5 towns on our Top 100 List)
– Comparing taxes between these states illustrates the perils of a simplistic approach. NJ, MD, and DE are among the top half of high tax burden states. But if you focus on taxation just for retirees, Delaware and MD become more attractive. The type of tax is what should be focused on, and how it affects you.
– Real estate prices are still recovering from the highs they hit prior to 2008
See all comparisons in the series
State Retirement Guides
Gulf Coast Retirement: Sun, Tax-friendly, and a Lower Coast of Living
Retirement 101 Mid-Atlantic States: MD, DE, VA, NJ
Florida Retirement 101
Dueling Carolinas: NC vs. SC
Dueling States: Arizona vs. Florida
California Retirement 101
Retirement in the Southwest: AZ, NM, and Utah
The Mountain States: CO, ID, MT, NV, UT, WY
The Pacific Northwest: Oregon vs. Washington