New Jersey Retirement Communities

The beauty and convenience is attracting many retirees to New Jersey retirement communities. No matter where you are in the state, if you choose one of the many New Jersey retirement communities, you'll never be more than a few hours drive to either New York City or Philadelphia. The cultural and entertainment attractions as well as all of the urban amenities are hard to beat. Once you look beyond the industrial cities of Newark and Trenton, the quiet scenic regions of the Delaware Valley, Jersey Shore and Northern Heights are offering many retirees an appealing small town atmosphere.



Just look at Manchester Township. Located just 60 miles from Philadelphia and 70 miles from New York City, Manchester has a population of right around 40,000 people and is one of the best-known communities in the northeastern United States for its extensive retirement communities.

If you’re looking for something a little smaller, you might want to consider Wanaque. Del Webb, the nation’s largest retirement community developer has built a new active adult community. Wanaque Reserve sits on 436 acres and is convenient to shopping, parks and major highways and is just 34 miles from Manhattan.

Looking for something along the shoreline? Cape May and nearby Bridgeton, with its 2200 historic structures, are both noted known for not only their architecture, but also their relaxing lifestyles.

A little further inland are the beautiful towns of Millville and Vineland. Both are still relatively close to the shore but are also conveniently located near Philadelphia, Washington DC and New York. Although it is the largest city in New Jersey as far as land area goes, Vineyard, with a population of around 60,000 has been chosen time and time again as the one of the best places live in New Jersey.

Hunterdon County in the Delaware River Valley, just across the Pennsylvania border from Bucks County has an abundance of beautiful pastures and rolling hills. Fleming, the county seat, has a historic downtown area with tree-lined streets and well-manicured lawns.

The 28-mile long Delaware and Raritan Canal, Biking and Hiking Trail passing through several of the countys charming small towns. With a highway with bike trails below the sheer rock cliffs of the Delaware River, outdoor lovers find this to be a great retirement destination.

The downfall to choosing a New Jersey Retirement Community is its affordability. With a cost of living well above the national average as well as property taxes that rank among the highest of any state in the nation, New Jersey may not be a place you will want to consider if you are on a budget. But, like with any retirement community, before you make your final decision, be sure to visit the area you are considering at least twice, once in the winter and then again in the summer.

Median Home Price: $291,294

Personal Income Tax: Yes

New Jersey collects income taxes from its residents at the following rates:

Single taxpayers and married taxpayers filing separate returns face six rates:
-- 1.4 percent on the first $20,000 of taxable income.
-- 1.75 percent on taxable income between $20,001 and $35,000.
-- 3.5 percent on taxable income between $35,001 and $40,000.
-- 5.525 percent on taxable income between $40,001 and $75,000.
-- 6.37 percent on taxable income between $75,001 and $500,000.
-- 8.97 percent on taxable income of $500,001 and above.

Married taxpayers filing jointly, qualifying widow or widower and head of household filers face seven rates:

-- 1.4 percent on the first $20,000 of taxable income.
-- 1.75 percent on taxable income between $20,001 and $50,000.
-- 2.45 percent on taxable income between $50,001 and $70,000.
-- 3.5 percent on taxable income between $70,001 and $80,000.
-- 5.525 percent on taxable income between $80,001 and $150,000.
-- 6.37 percent on taxable income between $150,001 and $500,000.
-- 8.97 percent on taxable income of $500,001 and above.

Sales Tax: Yes

--New Jersey levies a 7% sales tax.

--All retail sales are taxable unless specifically exempt by law. Exemptions include most food items for at-home preparation, medicines, clothing, footwear and disposable paper products for use in the home.

Property Tax: Yes

--All real property and tangible personal property located in the state of New Jersey is subject to property tax unless specifically exempted by statute.
--The assessed valuation of real property is based on 100 percent of the fair market value.
--An individual's property taxes are then calculated by multiplying that general tax rate by the assessed value of their particular property.
--New Jersey does have several homeowner property tax relief programs available to qualified New Jersey homeowners.

Inheritance and Estate Tax: Yes

New Jersey assess both an Inheritance Tax and Estate taxes.

For More Information: Contact the New Jersey Division of Taxation website.

Make sure you consider all of your options before you decide on one of the New Jersey retirement communities or a community in one of the other areas of this wonderful country!

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