Find Rehoboth Delaware Real Estate

As the Baby Boomer generation begins to hit retirement age, millions will be searching for places to retire. So what's the best location to settle down? The answer to that question is just as diverse as the needs, desires and expectations of Boomers themselves. Although certain destinations may be particularly attractive - for reasons ranging from the weather and availability of health care to tax advantages and property values - there's a wide variety of cities and towns consistently considered the top places to retire. To find out where these places are, AARP Magazine over the years has ranked retirement destinations under a variety of criteria, from "The Best Places to Live a Simple Life," to the "Healthiest Hometowns" and "The Best Places to Reinvent Your Life". From these lists, CNBC.com has focused on a selection of towns and cities recognized as top places to retire, picking the best and most unique locations from AARP Magazine's overall reviews. So, where are some of the top places for Baby Boomers (and anyone else, for that matter) to retire in America?

#3 Rehoboth Beach, Delaware

For people living in the area between Southern New Jersey and Washington DC, a popular weekend and retirement destination lies near the Delaware shore. A three-hour drive from both Philadelphia and Washington DC, the Rehoboth Beach area has been a magnet for retirees over the past several years and Delaware expects the 65+ population to increase by 75 percent over the next 25 years. The beaches feature dolphins throughout the summer months, a mile-long boardwalk and more than 70 restaurants. Although living in Rehoboth is quite expensive, residents living in nearby communities are only several miles from the beach and can take advantage of Delaware's favorable tax environment: low property taxes, no sales tax on food and entertainment, social security benefits are exempt from income tax and taxpayers aged 60 and older can exclude up to $12,500 of investment and pension income, according the AARP The Magazine .

• Need a short term solution in the Delaware area? Search for apartment rentals online using ApartmentGuide.