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We've decided to join forces and make the best of it. This is Maine’s largest lake, covering over 75,000 acres over a 40 miles stretch. Let’s take a look at some of the weirder ones from The Pine Tree State. The homes here tend to be quite large, but there are still some cute little cottages that retain the fishing village charm of the area. 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. This is Maine’s favorite ski destination it has a huge system of trails for cross country skiing, but without the crowds that come with most east coast winter sports destinations. Every state has a few strange laws that are still on the books today, and Maine is no exception. The motto should be changed to “Live Free and Die.” The winters are … 90% of the state is still covered in forests, even to this day. How To Sell A House In Maine Without A Realtor, Best Moving Boxes That You Can Buy Online (Reviewed), Cheap Moving Boxes – Best Budget Friendly Options (Reviewed). There’s also an impressive number of high ranking rural hospitals, so wherever you live, you’ll be close to some world-class healthcare facilities. From Monet to Picasso, there are over 18000 artworks here, spanning from the 18th century all the way to the modern-day. Georgia has many advantages for retirement living and a few disadvantages. They also have higher than average property tax rates. Maine doesn't offer very many opportunities outside of trade work for employment compared to other states, which is fine if you decide to be a plumber or electrician but for someone who isn't … For example, data from RedFin Data Center reveals that those homes sold in June commanded a $15,167 premium as compared to the average sales price throughout the year. Money that you can use to pay for your big move. 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. Typically, the worst time to buy a home in Maine is towards the end of summer when prices and demand is high. The cities population is currently about 110,000, but is growing quickly. Retirement in Maine is perfect for outdoorsy souls who enjoy four seasons, lots of shoreline, and an easygoing way of life. I remember reading that taxes are high in Maine, but would this effect retirees much? No one quite knows where Maine got its name from. 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. It is known for its dense forests, jagged coastline, picturesque … This can be a pro or con depending on your age. The good news is that utility bills here are surprisingly low. Topping this list as the best retirement state is New Hampshire, followed by Colorado and Maine.Florida, Arizona and California … At the same time you are less than two hours' drive from Boston and only four from New York City. It’s a relatively sleepy community, with no major nightlife to speak of, but families love living here due to the peace, tranquillity, and safety of the community. Let’s take a look at some of the best activities and attractions from around the Pine Tree State. Let’s face it, Maine gets cold and snowy. Just 9 miles from downtown Portland is the affluent coastal town of Cape Elizabeth. The state of Maine has so much more to offer than most of us probably realize. Downtown Portland is only 12 miles away, so accessing the city is easy. People actually do retire in Maine, although many have an escape plan for January and February for someplace to warm their toes. Maybe that’s down to the fact that there’s a slower pace of life up here, far away from the rat race further down the east coast. Anyone earning less than $21,450 per year will pay 5.8%. Earners between $21,450 and $50,750 pay 6.75%, and anything over that is taxed at 7.15%. While real estate can be priced over-market for desirable areas, that only highlights how incredible a region Maine is for residing. 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. 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. The rugged Maine coast is a day trip, as are the rolling hills of Vermont. 12 Pros and Cons. Bangor, named after the Welsh town all the way across the Atlantic, is a peaceful, low key and friendly city around 2.5 hours north of Portland. Maine is the only state in the country that shares a border with just one other state. 7 Secrets Realtors Don't Want You To Know About Selling Your House, © 2021 Realty Services Provided By Get Listed Realty, LLC. For example, if you’re renting in Bangor you’ll pay a pocket-friendly price of $893 per month, but if you head over to downtown Portland, the same size apartment will cost you around $1700 per month. New eBook - "100 Best Retirement … 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. (The Truth About Living Here). When the time comes for you to retire and settle down in place for the rest of your life, it’s beneficial that you do your research. From budding entrepreneurs and young professionals, to those raising a family, Maine has a little something for everyone. The average low temperatures in Maine are about 12°F (-11.1°C), while the average high is 70°F (21.1°C) during the warmer months.Â, So, while you get to experience the beauty that all four seasons can bring, you may not experience the warmest weather.Â, While, for the most part, the cost of living is quite low in Maine, the cost of groceries is about 7% higher than the United States average. This state is still covered with plenty of forests and recreational space. Exeter. Head further inland from the coastal zone to get a better bargain. But please keep them to yourself! Save my name and email in this browser for the next time I comment. Maine is a popular retirement destination for many Americans approaching their Golden Years, coming in second only to Florida for housing the most residents age 55 and over. 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. There are 3 income tax brackets in the state of Maine. Maine is famous for having some of the very best seafood in the country, especially lobster. There’s also a state-enforced minimum wage of $10/hour here, much higher than the national average, which is great news for those in the service industry and other low-income work. Bangor’s most famous resident is the world-famous horror writer, Steven King, who still writes his novels in the tranquil surroundings of his home here today. Maine, situated in the far reaches of the north-eastern seaboard, is known as one of the quietest, serene and peaceful states you could choose to live in. Give you key contact information you will need to help with your quest to find the best state to retire in. I hope that’s a coincidence, but it’s awful, regardless. There’s also are some incredible beachfront properties, all of which of course, go for a hefty price tag. That being said, there’s also some pretty upscale parts of the city, so what you pay depends largely on the area you choose to live. Kennebunk. There are only two states that exempt nearly all retirement … In fact, the. Town in Maine. The state levies an income tax as high as 7.95%, though the state legislature reduced it … There’s also some beautiful and clean lakes and rivers, not to mention the stunning 3,500 miles of Atlantic coastline, dotted with picturesque fishing villages, lighthouses, and seaside resorts. For example, the national average monthly food spend is $324, but in Portland, it’s $371, almost $50 more. Maine's summer is made for retired people. 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, . If you like to take good care of yourself, you’ll be in excellent company; people in Maine lead a pretty healthy lifestyle. It starts to get expensive when you head to the grocery store though; Maine has the 6th highest grocery prices in the country. 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. 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. We may add other states later but we want to first concentrate on the states we … You won’t have to worry about long cold snowy winters while living in Georgia. Where Are The Best Places To Live In Maine? There’s also the famous 40 acre ‘Desert of Maine’ just outside the city limits. Because of all the tourists there is a lot to do in the summer in terms of restaurants, musical performances, theater, and outdoor activities. They also have higher than average property tax rates. So what’s drawing so many seniors to the Pine Tree state? Just north of Yarmouth is the popular tourist town of Freeport. With almost every aspect of the cost of living, which includes but is not limited to housing, transportation, and utilities being cheaper than the United States average as well, the cost of living in Maine is quite affordable for almost anybody.Â, When comes the time for you to retire, you may be looking to cut down on costs, so the good thing about choosing to live in Maine will mean more of your retirement income in your pocket.Â, The housing prices in Maine are fairly reasonable, with the median home cost being $229,400, which is slightly lower than the United States Average. Cape Elizabeth also has some of the best grade schools in the state. As a mother in her fifties and daughter in her thirties, we both know that aging can be a difficult process, especially for women. 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. Despite property prices being above the national average, when we compare the prices here to the rest of New England, you get a lot more bang for your buck in Maine. Lately, the state of Maine has become one of the more popular states to retire in for many reasons, but like any other place, retiring in Maine has … 3 beautiful houses were sold out or taken off the market after a formal bid was placed and it was revealed we were from the South. 90% of the nation’s lobster supply comes straight out of Maine. Maine is the nation’s coldest state during springtime. Bonus! Despite needing to heat your home for much of the year, the average resident in Maine spends around $87 a month on energy, that’s the lowest out of any of the New England states. There are a lot of things to research before moving to this part of the country. Find One In Your Area. One of the downsides to living in Maine … Another notable aspect that puts Maine on the map, is their notoriety for some of the best seafood in the world. Other "best" retirement communities include the Berkshire college town of Williamstown, or the lake town of Worcester. That being said, there are some great restaurants in the neighborhood, as well as 2 movie theatres, and some decent shopping opportunities. Pros. 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. It’s become one of Maine’s most popular tourist attractions, with thousands of people visiting the strange landscape every year. Did you know that we can help you save a lot of money when selling your house? It shares a border with the Canadian provinces of Quebec and New Brunswick to the north, the Atlantic Ocean to the southeast, and New Hampshire to the west. Saavy buyers will honestly look at the pros and cons of relocating to Maine . There’s also great Amtrak links connecting residents to Boston and various other major cities around the country, and a trip into Canada is made super easy by the Nova Star car ferry which takes passengers on a scenic trip from Portland to Nova Scotia every day during the warmer season. 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. 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. He actively writes about real estate related topics such as buying and selling homes, how-to guides for around the house and home product recommendations. ISoldMyHouse.com has 3 ways for you to sell your house and NOT pay high commissions. In addition to all of the amazingly low costs in Maine, it also provides you with endless opportunities to see gorgeous scenery and stunning fall foliage. Some Of The Coolest Things To Do In 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. Maine is statistically one of the safest places to live in the whole of the US. 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. We hope you like lobster, because Maine produces over 40 million pounds of it a year, more than anywhere else in the country. Lately, the state of Maine has become one of the more popular states to retire in for many reasons, but like any other place, retiring in Maine has both its pros and cons. Like many cities of this size, there’s a good balance between homeowners and renters. The Food Network placed it in the top 5 list of ‘Most Delicious Destinations’ and The Huffington Post recently included the city in its list of ‘The Country’s Most Restaurant-Crazy Cities’. 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. From the viewpoint of a young adult attempting to adult (horrible term but whatever), I would say the cons far outweigh the pros. 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. But,those who love outdoor winter sports and just plain being active are the ones drawn to Maine. Current … There will be a few hot and humid days, but not 6 months of it as there is down South. 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. If you’re looking to buy a property here, you can find some great bargains; the median home value is just $160k. Please check your email for our the secrets. Pros of retiring early include health benefits, opportunities to travel, or starting a new career or business venture. The small city of Yarmouth, home to around 8500 residents, is another coastal satellite community of Portland, popular with commuters to the city. 3) A Best Place to Live in Texas: The Woodlands. Despite being a relatively compact state, Maine has a huge selection of amazing things to see and do. 15 reviews. Use Our Moving Box Calculator, Here Is a Weekly Moving Checklist To Follow When Moving Out Of Your House, Sell It Yourself With Our Flat Fee MLS Listings, Sell With Top Local Agents With Negotiated Discounts on Commissions. Read more about us here. Is Retiring in an RV a Good Idea? 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. If you’re considering relocating to Maine, read on to find out everything you need to know before you make the move. Cheapflights.com has named Portland International Jetport as having the most affordable flights in New England. 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. There is no better advice than to go visit the Peach State yourself. The charming cobblestone streets of Portland’s Old Port area are packed with bustling coffee shops, independent breweries and bars, and some fantastic little shopping boutiques. Portland is a great example of a city that loves good food. Maine isn’t called Vacationland for nothing. Freeport is well known for is an awesome collection of outlet stores, and is home to the world-famous L.L Bean clothing brand. 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 Best States for Retirement Some of the links below are affiliate links, so we may receive a commission, at no cost to you, if you make a purchase through a link. 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. 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. It’s good news for drivers though, as gas prices are cheaper than the national average, with a gallon costing an average of $2.83 as of the date of this publication. Here you will find a nice balance between the excitement of city living, without the anonymity that can sometimes come with it. But are they the best retirement states?No, say rankings from Bankrate.com released in March 2017. 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. Coming in at a close second is the Hannaford Bros grocery store chain, which has 59 stores across Maine, as well as in Vermont and New Hampshire. Check Out These 8 Thrifty Options, How Many Boxes Do I Need To Move? 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. What Are The People And Culture Like In Maine? Even the cities have a quaint small-town vibe where it’s common to run into people you know in the street or at the grocery store. 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. 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. Required fields are marked *. Your email address will not be published. The average home here costs around $540k. Sales tax in Maine is a flat 5.5%, and property taxes are around 10% above the national average. 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 … and Partners. Maine’s downsides, however, can be a bit taxing. My wife and teenage son and I live just outside of Portland, giving us the best of both worlds. Another perk of living in Bangor is the international airport here, which makes traveling around the country, and further afield, a breeze. 6 in the state is still covered with plenty of waterfront retirement communities, as well as people into... Region Maine is statistically one of Maine’s beautiful state and national parks a good investment in future. 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