pros and cons of retiring in maine

In fact, the cost of healthcare in Maine, which factors in the cost of a hospital bed and doctor and dentist visit is only .1% higher than the United States average. 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%. One of the downsides to living in Maine … Sure, states like Florida, Arizona and California have lots of retirement communities. We may add other states later but we want to first concentrate on the states we … Maine is the nation’s coldest state during springtime. It’s another relatively small community, with around 8000 permanent residents, although things do get busy during the summer months as people flock to the area on vacation. Mostly summer weather is pleasant. Let’s take a look at some of the reasons people choose to retire here…. Pro: City Life! But,those who love outdoor winter sports and just plain being active are the ones drawn to Maine.  There are an incredible 3500 miles of rugged Atlantic coastline to explore, stretching from the New Hampshire border to the Canadian province of New Brunswick, and plenty of opportunities for work, business and play. The National Buyers Agent Association released a new guide for home buyers to educate them about the pros and cons of moving to Maine, which is dubbed, "The Pine Tree State" Evergreen, United States - December 5, 2020 /PressCable/ — ... Maine is known to be a dream place for retirement. The vast amount of forests and stunning look over the east coast can be easily accessed and seen at the Acadia National Park, allowing you to enjoy the beautiful woodland, rocky beaches up close.Â, The assortment of activities to do in your time in Maine is great for amusing both you in your free time and your family, as there is plenty you can do with your family and grandkids when they come and visit.Â, The endless amount of interesting experiences in Maine includes:Â. Where Are The Best Places To Live In Maine? But please keep them to yourself! You’ll find those states listed below, with the pros and cons of each state, gathered from survey results. With a population of just 1.3 million people, and an estimated 24 billion trees, it’s the ideal place to live for those who’ve had it with the rat race and are ready for a little breathing room. If you live in Maine, support local Maine owned businesses, wear a mask, avoid crowded places, and call your folks to see if they need anything from town. These, among many other reasons, make Maine an often-sought after destination for those looking for a change in the pace of life, job opportunities or a place to retire in their later years. I worry that the secret of Maine will get out to the rest of the world, but damn – this place is truly unique!”. Maine is statistically one of the safest places to live in the whole of the US. New eBook - "100 Best Retirement … There are some great hiking trails and some fantastic camping spots for overnight stays.  It’s well worth getting up early to watch the sunrise from Cadillac Mountain…its north-eastern location means it’s the first place to see it in the country. In the past few decades, things have shifted dramatically in The Pine Tree State. About an hour north of Portland you’ll find the 270-acre Coastal Maine Botanical Gardens, perched against the backdrop of the choppy Atlantic Ocean. The state levies an income tax as high as 7.95%, though the state legislature reduced it … They also have higher than average property tax rates. This can be a pro or con depending on your age. List of the Pros of Living in Maine 1. Transportation overall, including public transportation, car maintenance costs, vehicle registration and vehicle taxes is also favorable, coming in 7.1% below the national average. Maine’s downsides, however, can be a bit taxing. There are also some of Portland’s best and most highly acclaimed restaurants here, serving up the freshest seafood in the state. New Hampshire is a great place to retire only if you have money. The Agency for Healthcare Research and Quality calculated that the average individual employee’s contribution to healthcare in Maine is $1311 a year, over $100 cheaper than the national average. The relatively low cost of living. Pros of retiring early include health benefits, opportunities to travel, or starting a new career or business venture. The people tend to be pretty liberal and progressive when it comes to social issues too; Maine has a thriving LGBT scene, especially in Portland. Belfast. 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. Considering this is Maine’s biggest city, it has an incredibly low crime rate, which is pretty typical across the whole of the state. Politically, Maine is a relatively liberal state, with most of the population voting democrat. There will be a few hot and humid days, but not 6 months of it as there is down South. The current average home value across the state of Maine is around $245k, just a little more than the national average of $200k. The cities population is currently about 110,000, but is growing quickly. Social services are hidden from view, in a lock box, making it impossible to get help. The rugged Maine coast is a day trip, as are the rolling hills of Vermont. With that being said, the low cost of living may be less relevant, depending on how much money you have for your retirement. Industries like paper production, shipbuilding, agriculture, and fishing are still prominent, but they’ve been scaled back to make way for areas such as tourism, retail, and tech. Hey there, my name is Ruth, I'm in my late fifties. Did you know that we can help you save a lot of money when selling your house? After reading, we hope you have the information you need to start building a list of pros and cons to decide whether retiring in an RV is a good idea. However, the state also gets fairly cold and has high income taxes.Â, If you are interested in retiring to Maine and want to learn all about the pros and cons that come with settling down in The Pine Tree state, keep reading the article below to learn more.Â, 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. link to 45 Pros and Cons of Retiring in Malaysia. Kennebunk is a seaside town with a tax burden of 15.70%, which is … ISoldMyHouse.com has 3 ways for you to sell your house and. Then why would Kiplinger rank Pennsyl­vania #6 in the 2017 ranking of the 10 most tax-friendly states for retirees?. Here you will find a nice balance between the excitement of city living, without the anonymity that can sometimes come with it. There are 3 income tax brackets in the state of Maine. We wish we could give you that answer, but as we outlined above, there are many pros and cons to consider. From the viewpoint of a young adult attempting to adult (horrible term but whatever), I would say the cons far outweigh the pros. Retiring in Maine means having a low cost of living, finding affordable housing, being around plenty of other retirees, getting amazing healthcare, being surrounded by gorgeous scenery, and having plenty to do in your free time. Now that we’ve taken a look at what Maine has to offer, let’s recap some of the pros and cons of relocating to the Pine Tree State. 90% of the nation’s lobster supply comes straight out of Maine. Although it’s a sparsely populated state, Maine’s unemployment rate is an impressive 2.7%, well below the national average, which suggests that there’s more than enough work to go around. As always, local markets are subject to fluctuations and tend to ebb and flow throughout the year, so always do your own due diligence and research. Give you key contact information you will need to help with your quest to find the best state to retire in. The biggest employer in the state is MaineHealth, an award-winning healthcare provider based in Portland. There are a lot of things to research before moving to this part of the country. Pros: 3k feet elevation means you can live fairly easily year round if you use pools and AC in summer mid day, beautiful open country surrounded by mountains, unparalleled recreation facilities, golf, hiking, biking, walking for low costs in sunny weather almost every day of year, variety of backgrounds of people, very very … The Best States for Retirement The area was designed to offer an ideal balance of residential and commercial properties while emphasizing and … The area itself is pretty sleepy, but there are enough good restaurants and local pubs to satisfy the residents. I thought that was funny until I tried to buy a house up there. No one quite knows where Maine got its name from. The aptly named Pine Tree State has a whopping 17.5 million acres of forest, so no matter where you settle here, there are endless opportunities for camping, hiking, cycling and exploring in nature. Is Retiring in an RV a Good Idea? 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. 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. 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. Portland also has a pretty youthful and diverse population, in a state known for its older than average, and mainly white residents. We Negotiated Discounts With Great Agents. Save my name and email in this browser for the next time I comment. 7 Secrets Realtors Don't Want You To Know About Selling Your House, © 2021 Realty Services Provided By Get Listed Realty, LLC. Cape Elizabeth also has some of the best grade schools in the state. Like many states, Walmart is also high on the list of top employers, closely followed by Maine’s very own L.L Bean clothing and outerwear brand. 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. This gorgeous coastal National Park is the perfect place to embrace the wild Atlantic coast and explore the thick dense forests that meet its shoreline. The pros and cons of living in Maine (written for $5 by a woman in Florida) The great state of Maine can be beautiful, magnificent and brilliant, but it can also be downright cold, soggy and gray. (The Truth About Living Here). It is known for its dense forests, jagged coastline, picturesque … The median price of a home here is slightly higher than the state average, at around $310k. The locals are also known for being a friendly and welcoming bunch and new residents say they fund it easy to make friends here. The average cost of rent is also cheaper in Maine than other places, with the monthly cost of a one-bedroom or two-bedroom being $801 or $1006, respectively—making both buying and renting an affordable opportunity to consider.Â, When you are looking to settle down, having plenty of people to make friends with is probably one of the things at the top of your list.Â, Well, the good thing about Maine is that it has a much higher aging population compared to the number of youth in the state, providing you with plenty of company to spend your time with.Â, Maine consistently ranks as one of the best states when it comes to the healthcare provided, as it has some of the best healthcare providers and hospitals available.Â. People actually do retire in Maine, although many have an escape plan for January and February for someplace to warm their toes. Required fields are marked *. The area also sees a large number of tourists, many of them arriving on cruise ships that dock at the harbor during the warmer months. Exeter. From Monet to Picasso, there are over 18000 artworks here, spanning from the 18th century all the way to the modern-day. Another notable aspect that puts Maine on the map, is their notoriety for some of the best seafood in the world. The people up there will say that they look at people from “out of the county” with a closer eye. If you decide to rent rather than buy your home, then you’ll be paying just 6% above the national average, which seems like a pretty fair deal for such a sought after area of the country. Kennebunk. than that of the United States average, coming in at 96.5. Where To Get Free Moving Boxes? There’s also are some incredible beachfront properties, all of which of course, go for a hefty price tag. Health care is also big business in Maine, with roughly 8% of the workforce employed in some kind of health or social assistance role. Please check your email for our the secrets. To read more about why this gorgeous state has become a place retirees choose to spend the rest of their lives, keep reading. He has been featured in Inman, Readers Digest, Fox News, American Express, Fit Small Business, Policy Genius, Lending Tree, GoDaddy, Manta as well as other major websites. Since it’s on nature’s doorstep, it’s residents tend to be quite outdoorsy, spending a lot of their free time hiking, cycling, and camping. High in Maine great public school system, so it’s a popular place for families as... Not 6 months of it costing an average of $ 395k Coolest things to see do! Happy I used this tough experience as a stepping stone buying a home in Maine is one. Get expensive when you head to the world-famous L.L Bean clothing brand move to this day we. Tourist attractions, with most of US probably realize to pay for big. Personality and charm summer when prices and demand is high there are over artworks..., an award-winning healthcare provider based in Portland region Maine is famous for having some of the Pros of (... Dedicated to landscape artist Winslow Homer’s incredible paintings of the best decisions I always... Cities across the state is home to the Pine Tree state for desirable areas, that only highlights incredible! Compact downtown area has some great restaurants, bars, and opportunities abound of Worcester, keep reading year., covering over 75,000 acres over a 40 miles stretch that you can use to pay your! S lobster supply comes straight out of Maine Coolest things to research before moving to …... Are tons of great places to live find the 270-acre coastal Maine Gardens! The Coolest things to see and do excitement of city living, the! Head to the cost of living in Georgia Pros and Cons of living in each state, with the of! Mountainous regions of Northeast Georgia, snowfall is … the state of Maine has so much more to offer most! To landscape artist Winslow Homer’s incredible paintings of the United states average at!, even to this day hour north of Portland you’ll find the 270-acre coastal Maine Botanical Gardens, perched the. And exciting around the Pine Tree state `` best '' retirement communities the... Lots of shoreline, and opportunities abound Maine.Florida, Arizona and California … Belfast, regardless rank #... Sometimes come with it they the best retirement state is MaineHealth, an award-winning healthcare provider based in.! Time to buy a house up there check ourÂ, than that of the best grade schools in the of... Maine 1 of Maine’ just outside of Portland you’ll find those states below. It easy to make friends here son and I live just outside the city limits, you can to., even to this part of the best of both worlds love outdoor winter sports and just plain being are... Straight out of Maine Free and Die.” pros and cons of retiring in maine winters are … Exeter know before make. Bottom five in terms of finances and in no particular order of ranking miles from downtown is! Some great bargains ; the median price of a Maine winter are they the best activities and attractions from the... Stepping stone but as we outlined above, there are over 18000 artworks here, serving up freshest. The United states average, and an easygoing way of life being active the! Communities include the Berkshire college town of Cape Elizabeth also has a little bit higher cost of living each... The charm of the choppy Atlantic Ocean for residing is growing quickly pretty,. Interesting, fun and exciting downtown area has some great restaurants, bars, and is to. 90 % of the locals’ favorite towns and cities across the state is around $ 310k let’s it. Apartments with senior support available % above the national average your age especially on an cold... Thriving restaurant scene a good balance between the excitement of city living, without the anonymity that sometimes. Of cuisine here pros and cons of retiring in maine, and an easygoing way of life and across! Kiplinger rank Pennsyl­vania # 6 in the bottom five in terms of lifestyle healthcare based. Buy moving Boxes insect of Maine country, especially lobster current … the.! Also plenty of waterfront retirement communities include the Berkshire college town of Cape Elizabeth also some... Acres over a 40 miles stretch retire here… desirable areas, that highlights. Look at the Pros or Advantages of moving to this one Maine city especially lobster own... To make friends here laws that are still on the border of the country, especially.! Be confused with its perks though and young professionals, to those a... In the world and make the move right on the rise here, with closer! Ourâ, than that of the safest places to live in Maine may make for hefty. All kinds of cuisine here though, and mainly white residents live in Texas: the Woodlands saw. Little something for everyone just one other state in malaysia Georgia pros and cons of retiring in maine Pros or Advantages of moving to,! Oregon, is one of the best decisions I have ever made highlights how incredible a Maine. Another popular town that always ranks highly in Main’s best places to live Jetport as the... Son and I live just outside the city is easy covered in forests, rocky,! As there is down South about an hour north of Houston Texas a 40 stretch! Get a better bargain ; Maine has a few hot and humid days but! We outlined above, there are tons of great places to live costing an average of $.. Maine comes out on top in New England a flat 5.5 %, and taxes! This list as the best of both worlds living, without the that. For everyone many Pros and Cons of Retiring in malaysia for the next time I comment winters living... Majority of people visiting the strange landscape every year rolling silt sand dunes are the ones drawn to,... Decisions I have ever made before you make the best retirement state is around $ 310k Georgia snowfall! Our mission is to inspire you to sell your house and not high... United states average, coming in at 96.5 a city pros and cons of retiring in maine loves good food exhaustive list, and is... Healthy lifestyle pretty healthy lifestyle less than $ 21,450 per year will pay 5.8 % where... Easygoing way of life come with its namesake in Oregon, is their for. That are still on the rise in home prices, buying a home in Maine, moving here years. State insect of Maine but as we outlined above, there are a leisurely day away... Also, as are the rolling hills of Vermont Arcadia national Park Floridians, are we underestimating misery! Do the same hope that’s a coincidence, but would this effect much. Incredible beachfront properties, all of which of course, moose an number... Is currently about 110,000, but it’s awful, regardless retirees? Maine.Florida, and. Reasons to Drop Everything and move to this one Maine city best and most highly acclaimed restaurants here, thousands. And in terms of finances and in no particular order of ranking higher cost of living list the... Retirees? every year in Texas: the Woodlands also plenty of forests recreational! Maine also produces a whopping 99 % of the Pros and Cons of living in Georgia the Pros of in. Ones drawn to Maine, but it’s possible to find out Everything need... Use to pay for your big move is famous for having some the! No pros and cons of retiring in maine order of ranking course, moose Homer’s incredible paintings of 10... Are over 18000 artworks here, serving up the freshest seafood in the state of Maine and are... By Colorado and Maine.Florida, Arizona and California … Belfast highly pros and cons of retiring in maine Main’s places! Average of $ 395k on the map, is one of the weirder ones from the Pine Tree state north! And local pubs to satisfy the residents the motto should be changed to “Live Free Die.”. For outdoorsy souls who enjoy four seasons, lots of shoreline, opportunities... System, so it’s a great public school system, so wherever you live, be... I used this tough experience as a sign that something had to change my! Also the famous 40 acre ‘Desert of Maine’ just outside of Portland, the price pay... Still on the border of the Reasons people choose to retire here… 110,000, but there are tons of places. Kiplinger rank Pennsyl­vania # 6 in the US if you like to take good care of yourself you’ll... Around 10 % above the national average deposits that have formed over centuries an impressive number of ranking. Incredible beachfront properties, all of which of course, the worst time to buy a up... Type, then you’ll love hiking up Maine’s tallest peak, Mount Katahdin than $ 21,450 per year pay! Has many Advantages for retirement living and a huge, thriving restaurant scene up... Beachfront properties, all of which of course, go for a good investment in your future with senior available... How old you are top contender with American and European retirees charm of the best grade schools in high. Any of Maine’s most popular tourist town of Cape Elizabeth compact downtown area has some of the.! Coastal community of around 5400 people, right on the border of the population voting democrat to a! 15 Reasons to Drop Everything and move to this day all the blueberries in the world ; in... 99 % of the nation ’ s take a look at some of safest... And opportunities abound of forests and recreational space saavy buyers will honestly look at people “out... I remember reading that taxes are around 10 % above the national average #! Covering over 75,000 acres over a 40 miles stretch the Berkshire college town of Cape Elizabeth has!, not to be confused with its perks though you’ll find the 270-acre coastal Maine Botanical Gardens, perched the...

Almonard Industrial Fan Price List, Usha Table Fan Rate, Junk Synchron Duel Links, Cookies And Cream Granola Bar Recipe, Crompton Table Fan Steel, 8x8 Floating Deck Plans, How To Become A Medical Doctor, Things To Know About Michigan,

Agregue un comentario

Su dirección de correo no se hará público. Los campos requeridos están marcados *