Maine – Retirement Guide

Maine   Retirement Guide

Top Retirement Cities in Maine: 

Bangor | Portland

Maine may well be the opposite of that retiree favorite, Florida: it’s the East Coast’s northernmost state, with thousands of miles of craggy coastline and a mountainous interior instead of the Sunshine State’s soft white beaches and a flat landscape. And, let’s not forget the weather — winters in Maine are frigid. That said, for a certain type of hardy retiree with a penchant for the outdoors at their most glorious and chilly, snowy winters, Maine can be heaven on Earth.

While the state often has a reputation for being the well-monied vacation spot of wealthy families (think Kennebunkport and the Bushes, or Mount Desert Island and the Rockefellers), there are plenty of more affordable locales still in proximity to the spectacular coastline and jagged, snow-capped mountain ranges.

It’s no surprise that outdoor activities are top of mind for Maine residents, from boating, fishing and swimming, to skiing, hiking and mountain biking.

Pros: Abundance of natural beauty, excellent fresh seafood
Con: Cold, snowy winters

At a Glance:
Best For: Outdoors lovers
Population: 1,329,192
Cost of Living: 5% higher than national average
Median Home Cost: $192,000
Unemployment: 7.2%
Top State Income Tax: 8%

Foodies will find themselves with an abundance of fresh seafood — think of the lobster! — at their fingertips, and plenty of nationally renowned restaurants with locally-sourced ingredients to explore.

Housing options for retirees vary, from waterfront estates, to retirement communities alongside golf courses and even assisted living communities. Retirees on a budget should be aware that the state’s top income tax is high, at 8%, and some sources say that property taxes can be daunting.

Top Retirement Cities in Maine:  Bangor | Portland

Photo by  @mikepick via Flickr. All statistics were up to date as of publication. See these sources for the most current data.