The Pros and Cons of Retiring in Georgia. Men retire at an average age of 64, while for women, the average retirement age is 62. There will be a few hot and humid days, but not 6 months of it as there is down South. Portland is a great example of a city that loves good food. Between the plenty of attractions and gorgeous parks, Maine provides you with a multitude of places to visit and endless places to see during any season. 90% of the state is still covered in forests, even to this day. The place has a suburban feel to it, with a lot of pretty tree-lined streets and large family homes, but there’s also more opportunity to rent apartments and condos here, compared to its sister town of Cape of Elizabeth. There are also some of Portland’s best and most highly acclaimed restaurants here, serving up the freshest seafood in the state. Where To Get Free Moving Boxes? According to WalletHub, Maine ranks as number 14 in terms of having the best healthcare in the United States, and it surprisingly does not come at too high of a price. The state comes in at #20 on the list of healthiest states in the country, due in part to an abundance of outdoor activities and diets full of fresh, nutritious food. Current … 15 Reasons To Drop Everything And Move To This One Maine City. The locals are also known for being a friendly and welcoming bunch and new residents say they fund it easy to make friends here. Check ourÂ, than that of the United States average, coming in at 96.5. Health care is also big business in Maine, with roughly 8% of the workforce employed in some kind of health or social assistance role. Pros of Retiring in Maine There are plenty of pros as to why Maine has become increasingly popular for retirees and provides many benefits for both you and your family to enjoy. The cities population is currently about 110,000, but is growing quickly. Our mission is to inspire you to do the same. So we already know that Maine is famous for being one of the ‘oldest states in the nation’, with more over 55s than almost anywhere else in the country. It’s a really popular place for families, due to its super low crime rate; in fact, recent police statistics showed the number of violent crimes committed here last year was zero. As a result, there is also a lack of world cuisine available due to this lack of ethnic diversity.Â, There are plenty of amazing reasons to retire in Maine, the Pine Tree State, with one of the most compelling being the low cost of living and gorgeous scenery that only gets even more stunning during the fall months.Â, Additionally, this state has plenty for you to do with many museums to explore and an increasing senior community providing you with the opportunity to make plenty of friends.Â, However, the state does have a fairly high income tax rate, high grocery prices compared to other states and has a lack of diversity. We hope you like lobster, because Maine produces over 40 million pounds of it a year, more than anywhere else in the country. Money that you can use to pay for your big move. It may be known as “The Pine Tree State’, with 80% of the land is covered in forest, but there’s much more going on in Maine than just its natural beauty. Portland also has a pretty youthful and diverse population, in a state known for its older than average, and mainly white residents. The US News and World Report have deemed Portland’s Maine Medical Center as one of the top-performing healthcare providers in the country, especially in the area of geriatrics. 15 reviews. With that being said, the low cost of living may be less relevant, depending on how much money you have for your retirement. We hope you enjoyed this guide as much as we did writing it, but not as much as you’ll enjoy the state when you visit Maine for yourself. Pros of retiring early include health benefits, opportunities to travel, or starting a new career or business venture. People actually do retire in Maine, although many have an escape plan for January and February for someplace to warm their toes. Bonus! Montreal and Quebec are a leisurely day drive away. Although the good news is that Maine does not tax Social Security Income.Â, It is no secret that the weather in Maine can get fairly cold during the winter months, and the amount of snowfall that typically occurs can be quite high. The small city of Yarmouth, home to around 8500 residents, is another coastal satellite community of Portland, popular with commuters to the city. It starts to get expensive when you head to the grocery store though; Maine has the 6th highest grocery prices in the country. This state is still covered with plenty of forests and recreational space. There’s a lot going on in this far-flung northerly corner of the US. Save my name and email in this browser for the next time I comment. Check These Articles Out! Maine’s downsides, however, can be a bit taxing. Bangor’s pretty and compact downtown area has some great restaurants, bars, and coffee shops. The current average home value across the state of Maine is around $245k, just a little more than the national average of $200k. Portland is Maine’s biggest city, but don’t expect to find a traditional a mega-metropolis; there are only around 67,000 people living within the city limits. To read more about why this gorgeous state has become a place retirees choose to spend the rest of their lives, keep reading.Â, The cost of living in Maine is about 4% lower than that of the United States average, coming in at 96.5. Maine is the nation’s coldest state during springtime. Then why would Kiplinger rank Pennsyl­vania #6 in the 2017 ranking of the 10 most tax-friendly states for retirees?. Nonetheless, it remains a very promising place to retire in and still contends as a sensible place for retirees to settle down.Â. Maine is ranked as the safest state in the United States, with it having one of the lowest violent crime and property crime rates, making the state of Maine an amazing place to live and an easy choice when it comes to deciding where you want to spend the rest of your life.Â, While the pros of retiring in the state of Maine outweigh the cons, there are still some things that you should take into consideration before you fully commit to living the rest of your life in The Pine Tree State.Â, Keep reading to get a full understanding of what it really means to live in Maine.Â, One of the downsides to living in Maine is the fact that the income tax and retirement income tax rate can be as high as 7.15%. With 1.6 million passengers traveling through the airport every year, you’re well connected to the rest of the country which means you’ll get plenty of visitors. The vast amount of forests and stunning look over the east coast can be easily accessed and seen at the, , allowing you to enjoy the beautiful woodland, rocky beaches up close.Â, that celebrates Maine’s contribution to art in America, where you get a chance to eat some delicious seafood and watch the boats come to portÂ, amusement park, which is perfect for children or just those wishing to feel like a child, Spending time in the mountains where you can go skiing or snowboarding during the winter, such as the, as the safest state in the United States, with it having one of the lowest violent crime and property crime rates, making the state of Maine an amazing place to live and an easy choice when it comes to deciding where you want to spend the rest of your life.Â, One of the downsides to living in Maine is the fact that the income tax and retirement income tax rate can be as high as, . Is $ 450k, but there are over 18000 artworks here, you find! 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