Quick Answer: Which New England State Is Best For Retirement?

What is the poorest state in New England?

MainePerhaps unsurprisingly, many of them also reached the top of the Census Bureau’s list for the highest poverty rates.

Only one New England state, Maine, makes the bottom 15, while states in Appalachia, the South, and the Midwest tend to dominate..

Where is the best place to retire in Maine?

With all that in mind, here are the top 10 best places to retire in Maine.Kennebunk. Kennebunk is a seaside town with a tax burden of 15.70%, which is the tax rate of every city on this list, making that factor in the cost of living in Maine equal. … Belfast. … Rockland. … Yarmouth. … Topsham. … Brunswick. … Waterville. … Ellsworth.More items…•

How much money do you need to live comfortably in Massachusetts?

Typical Expenses1 ADULT2 ADULTS (BOTH WORKING)0 Children0 ChildrenRequired annual income after taxes$28,212$41,619Annual taxes$3,936$5,806Required annual income before taxes$32,147$47,4256 more rows

What states have no property tax for seniors?

Retirees Moving to These States Can Get Some Great Tax BreaksNew Hampshire. New Hampshire has no general income tax. … South Carolina. South Carolina is friendly to veterans. … Hawaii. Hawaii has low property taxes. … South Dakota. South Dakota has no state income tax. … Alabama. Alabama retirees don’t have to pay property tax. … Tennessee. … Mississippi. … Georgia.More items…•

What New England state is the cheapest to live in?

Montpelier, Vermont. Vermont’s capital, Montpelier is one of the tinier capital cities, with under 8,000 residents. … Portland, Maine. … Kennebunk, Maine. … Kingston, Rhode Island. … Quincy, Massachusetts.

What is the only New England state without a seacoast?

VermontVermont is most definitely cheese country, which is a big plus (it’s basically the next best state after Wisconsin) BUT… it’s also the only New England state without an ocean shoreline (yes, I know about Lake Champlain, and I get the irony of a Midwesterner complaining about having no ocean).

What are the best states to retire in financially 2020?

Here are the 13 best states to retire in the U.S.:Florida. There are a lot of advantages to living in Florida. … Arkansas. If you’re looking for an affordable and safe community to retire in, Arkansas is an excellent option. … Nebraska. … Colorado. … New Hampshire. … West Virginia. … South Carolina. … Delaware.More items…•

What is the best New England state to live in?

New HampshireNew Hampshire is reportedly the best place to live in the nation, finishing just ahead of Massachusetts. The Granite State features the lowest crime rate and the least number of people living in poverty, according to HomeSnacks.

Is Massachusetts a good state to retire in?

Often overlooked for warmer and less expensive climates, Massachusetts is a hidden gem of retirement locales. In fact, Bankrate has rated the Bay State number seven on their best states to retire list.

Is Maine or New Hampshire better for retirees?

No, say rankings from Bankrate.com released in March 2017. Topping this list as the best retirement state is New Hampshire, followed by Colorado and Maine. … The New England state is Bankrate’s best retirement state.

What’s the richest town in Massachusetts?

Weston1. Weston. The richest town in Massachusetts earns a per capita income of $105,217 and has a dramatically higher median family income of $250,000 or more compared to the other towns. Bloomberg ranked Middlesex County’s Weston town as having the 11thwealthiest zip code in all of the US in 2019.

What is the prettiest New England state?

6 Beautiful New England StatesConnecticut.Maine. The most northeastern state in the US, Maine is a delightful place to visit. … Massachusetts. With a plethora of different sides to it, Massachusetts has something for everyone to enjoy. … New Hampshire. … Rhode Island. … Vermont.

What New England state has lowest taxes?

When it comes to taxes, New England is the land of contrasts. Massachusetts and Rhode Island are considered non tax-friendly states, while New Hampshire counts itself among the most tax-friendly places.

What is the prettiest town in New Hampshire?

The 10 Most Beautiful Towns in New Hampshire, USAExeter. Founded in 1638 by Reverend John Wheelwright, Exeter is a New England town brimming with charm at every turn. … Hanover. … Harrisville. … Jackson. … Keene. … Littleton. … Meredith. … Peterborough.More items…•

Is New Hampshire a good retirement state?

New Hampshire: #9 Best State for Retirement Ranking among the 10 Most Tax-Friendly States for Retirees, it doesn’t tax Social Security benefits or other retirement income or levy any sales tax. … Another plus: New Hampshire ranks fifth in the U.S. for senior health, according to the United Health Foundation.