Retirement in Rhode Island

 

 Overview of Rhode Island:

The state of Rhode Island and Providence Plantations, better known as “Little Rhody”, is the smallest state in the US by area. The state’s other nickname is “The Ocean State”, as the beach is never more than a half-hour drive away from anywhere within Rhode Island.

If you are planning to spend your post retirement days by the sea, then you may find Rhode Island the perfect place to live in. Rhode Island, one of the six ” New England” states, has some of the best beaches in the region. The state, though not geographically diverse, also has miles of beautiful rolling fields and farmland besides its pristine beaches. If you are a senior in the US looking to escape a fast-paced lifestyle after you retire, you’ll find the “holiday-spot” lifestyle in Rhode Island a welcome change.

The state itself is small enough to explore on foot, or on a bike. It is possible to go camping and hiking within the state. You can visit the Blackstone River Valley National Heritage Corridor that comprises of nearly 400,000 acres and is located in Providence County. The Touro Synagogue, the oldest synagogue in the United States, is another attraction of the place.

“The Nature Conservancy”, an environment protection organization in the US, protects several beautiful spots in Rhode Island, including Lime Rock Preserve, Quicksand Pool/Goosewing Beach Preserve, and the Headwaters of the Wood River. As a nature-lover, you’ll also look forward to the Audubon BirdFest, an all-day event which gives you the opportunity of knowing birds better.If you love art and culture and decide to relocate to Rhode Island after retirement, you will be able to attend the Scituate Art Festival, an annual event which takes place during the Columbus Day week-end. You will also look forward to the Rhode Island International Film Festival, a showcase event beginning the second week of August every year. It is the largest film festival in New England.

Rhode Island has quite a few picturesque towns including Newport. Besides the oceanside cliff walk, you will also love to visit The Tennis Hall of Fame and the summer-time music festivals. Not far from Newport is the town of Bristol, where you’ll find the oldest Fourth of July celebrations in the US. Bristol has a lot of restaurants and shops, as does Providence (the largest city in Rhode Island), so you know where to go for good food and shopping if you decide to live in Rhode Island as a senior.

Rhode Island being a tourist destination, you’ll find an efficient public transport system, especially buses. There is one major airport, the T.F.Green Airport in Warwick.

 

Rhode Island – at a Glance

Population (2006 survey) Climate State Income Tax State Sales Tax Median Home Price
1,048,319 Humid Continental Climate N/A 7% $284,000

 

 

Pros:Warm sunshine, rich cultural and architectural heritage, tasty cuisine and breathtaking scenery.

Cons:Cold, snowy winters and hot, rainy summers

 

What will be your expenses in Rhode Island?

 

The above bar-graph shows the percentage fluctuations in expenditures incurred in Rhode Island, as compared to the nation’s average taken as 100%.

For example, if you are planning to live in Rhode Island after your retirement, then the cost of transportation and health care will be comparatively lower (as per the graph) than housing or miscellaneous goods. Moreover, if you are presently staying in California or Connecticut, then your expenses for housing in Rhode Island will be relatively lower (only 134.7) as per the national average of the state. So, Rhode Island retirement homes can be a good option for you after you retire.