Is Retiring in Delaware, Ohio, Worth the High Price Tag?
The Allure of Delaware, Ohio
Delaware, Ohio, might seem like a dream retirement spot with its cozy small-town vibe and easy access to Columbus. But before packing your bags, consider this: living here won't come cheap.
Housing Costs
The median home price in Delaware County is a whopping $419,500, which is way higher than Ohio's average. Why? Well, there aren't enough homes to go around, and everyone wants a piece of this charming town.
Healthcare Expenses
Healthcare is another big expense. Sure, there are plenty of hospitals and clinics around, but they come at a cost. In 2019, people in Delaware County spent about $9,137 per person on healthcare—that's nearly 20% more than the state average. And if you're 65 or older, brace yourself:
- Women: $16,000 to $24,000 a year
- Men: $19,000 to $26,000 a year
Taxes
Delaware County has a property tax rate of 1.6439%, which is higher than the state average. Plus, the city of Delaware adds a 1.85% income tax on top of Ohio's state income tax and federal taxes. And don't forget the sales tax—5.75% statewide and an average of 7.24% when you factor in local taxes.
Why Is Delaware So Expensive?
Partly because it's just 30 minutes away from Columbus, a big city with plenty of jobs, universities, and entertainment. But Delaware itself has a lot to offer, like:
- A historic downtown
- Boutique shops
- Plenty of parks
- A safe place to live, with a crime rate that's much lower than the state and national averages
Weighing the Pros and Cons
On one hand, you get a high quality of life, great healthcare, and easy access to Columbus. On the other hand, you'll be paying a lot in taxes, housing, and living expenses. Is it worth it? That depends on your budget and what you're looking for in a retirement spot.
