Portland, Maine – Retirement Guide

Portland, Maine   Retirement Guide

Though Portland’s population of 66,363 classifies it as a relatively small city, in a state with as tiny a total population as Maine, that accounts for a whopping 20% of all state residents. That said, Portland has become a vibrant hub for all things cultural in Maine, from theater and music to art and food. The vibe in Portland is decidedly — and pleasantly — granola.

There’s a certain hippie sensibility that pervades here, often tied to a great love of nature and the environment. The town embraces locally owned businesses, and has a bustling downtown, including the colorful Old Port, a hub of cobblestone streets, 19th-century buildings and fishing piers, while also lying near to beautiful beaches and dozens of coastal islands. Active adults can explore on foot or bike the 30 miles of trails winding through the greater Portland area.

Foodies will find their heartbeats quicken a bit in Portland. The town is frequently voted one of America’s top food towns, and boasts a number of noteworthy restaurants featuring locally sourced ingredients — often being grown in the restaurant’s own garden, as well as fresh seafood straight from Maine’s surrounding waters.

Pros: Incredible food culture, proximity to mountains and beaches
Con: High cost of living, cold winters

At a Glance
Best For: Foodies
Population: 66,363
Cost of Living: 16% higher than national average
Median Home Cost: $280,608
Unemployment: 5.4%
Top State Income Tax: 8%
Crime Rate: 17% lower than national average

Portland is also a bit of a college town, and is home to multiple schools, including University of Southern Maine and the Maine College of Art. The town’s cultural offerings include the Portland Museum of Art, a symphony orchestra and the Center for Cultural Exchange.

Retirees on a budget should note that Portland’s cost of living is 16% higher than the national average, and the top state income tax is 8%. Winters are bracingly cold in Portland, and Maine in general, another consideration for retirees to ponder.

Top Retirement Cities in Maine:  Bangor | Portland

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