Retirement in Maine

Overview of Maine


Some of the best homes for seniors or retirees in Maine are located in Portland, which is the largest city of the State. Here, you can relax at the bays, beaches and parks, and savor the local offerings of the microbreweries and brewpubs. For more adventurous minds, the 100 miles of walking trails, sports teams, and more than 11 professional golf courses are ideal sources of recreation.

 

Maine, nicknamed the “Pine tree State”, occupies the northeastern tip of the US. This New England state has a very small population, which you will appreciate if you are looking for a quiet life. Maine has 3500 miles of shoreline with charming islands that you will love to explore. There are also lakes and forests across the state.

The main metropolitan areas that can be called the best places to retire in Maine are Bangor, Lewiston-Auburn, Portland-South Portland-Biddeford, Portsmouth, Rochester-Dover, Kennebunk, Machias, Searsport, and Springvale.

 

Maine – at a Glance

Population Climate State Income Tax State Sales Tax Median Home Price
1,321,574(US Census Bureau, 2006) Humid Continental Climate 2 % – 8.5 % 5 % $ 188,000

 

Pros: Unlike other parts of the US Maine natural calamities such as thunderstorms, tropical storms, and hurricanes are rare in Maine. Food is another plus in this state.

Cons: Due to the location at one end of the country, traveling to other parts of the US may be expensive.

 

Cost of Living in Maine

The above table shows the percentage fluctuations in expenditures incurred in Maine, as compared to the nation’s average, which is taken as 100%.

You can buy beer for $ 7.99, wine for $ 6.03, a dozen of eggs for $ 1.96, or even go for a movie with $ 8.