Article Contents
Retiring makes you think about how and where you want to settle down and enjoy your golden age to the fullest. And for that, there are a lot of things that need to be considered before deciding on your desired destination.
For good reason, Maine is an alluring destination for active seniors to retire. Many, many perks lead to living in Maine. So, if you want to explore Maine as your retirement destination, you’re in the right place.
Sit back and read this article to discover the best cities to retire in the Pine Tree State!
Why you should retire in Maine?
Maine isn’t just about lobsters and lighthouses; there is a long list of reasons why Maine is becoming a popular retirement destination for seniors. Well, look below to find out.
1. Tax benefits
For eligible residents aged 62 or older, Maine offers a tax relief program for property. The state exempts Social Security benefits up to $10,000 of pension income from state income taxes, meaning the income tax won’t affect you.
2. Excellent senior health care
One of the main reasons for retiring in Maine is its top-notch healthcare system. It is made up of some of the best hospitals, like Rumford Hospital and Inland Hospital, and healthcare networks like MaineHealth and Northern Light, covering most of Maine.
3. Low crime rate
Maine has a relatively low crime rate compared to other states. In fact, Maine has steadily been ranked as the #1 safest state in the country! With the police force being well-trained to maintain order across the state, it’s a place where you can enjoy your golden years.
4. Natural beauty
With each season bringing raw beauty, Maine is known for being one of the most ruggedly beautiful places in the country, including over 3600 miles of craggy coastline, stunning dense forests, and over 3400 lakes and 97 rocky mountains.
5. Cultural scene & endless activities
Maine has a vibrant cultural scene throughout the year, with numerous museums, galleries, performing arts scenes, and several festivals and events. And regardless of where you live in Maine, you will be an hour away from some of the state’s best hiking, fishing, boating, and camping.
6. Fresh seafood
With lobsters being a typical delicacy, Maine is famous for its fresh seafood, including clams, crab, scallops and oysters. Retirees can enjoy traditional local cuisine, giving it natural flavors in many coastal towns and cities.
What does Maine have to offer for retirees?
Unmatched landscapes, exquisite seafood scenes, and a laid-back atmosphere are the things that make Maine a must-visit destination for people of all ages. Let’s explore the following list of the best places to visit and your own favorite view in Maine.
Historic walking areas
- Farnsworth Art Museum
- Maine Maritime Museum
- Portland Museum of Art
- Winslow Homer Studio
- Victoria Mansion
- Bowdoin College Museum of Art
Mountains
- Cadillac Mountain
- Mount Battie
- Sugarloaf Mountain
Nature & wildlife areas
- Acadia National Park
- Perkins Cove
- Coastal Maine Botanical Gardens
Beaches and islands
- Mount Desert Island
- Marginal Way
- Ogunquit Beaches
- Old Orchard Beach
- Monhegan Island
- Peaks Island
Lighthouses
- The Old Port and Portland
- Head Lighthouse
- Pemaquid Point Light
- Nubble Lighthouse (Cape Neddick Light)
- West Quoddy Head & Lighthouse
10 Best places to retire in Maine
So, where is the best place to retire in Maine and start enjoying lighthouses, lobsters, and endless outdoor activities in your retirement years? We will find that out in the following sections below.
7 Best places to retire in Maine for retirees
If Maine is one of your shortlisted retirement states, here are some of the best places to live in the Pine Tree State:
1. Portland
Maine’s largest city, Portland, offers the best of city life amidst coastal beauty with a vibrant cultural scene and historic architecture. Retires here enjoy water activities (fishing, boating, kayaking, and sailing), a bustling arts scene and theaters, a variety of restaurants, annual festivals, and top-tier healthcare facilities.
2. Augusta
Augusta is the state’s capital, with a balanced mix of small-town charm and extensive city amenities, creating a dynamic environment for retirement. The city offers plenty for seniors to do and see, including the Kennebec River Brewfest, the Maine State Museum, and the gardens at Viles Arboretum.
3. Camden
Being on the midcoast of Maine, Camden is the epitome of Maine’s natural beauty. The city is often described as “where the mountains meet the sea.” Seniors can enjoy hiking in Camden Hills State Park or sailing on Penobscot Bay, as well as ensuring a fulfilling and active retirement from the town’s senior community.
4. Bar Harbor
This coastal town is on Mount Desert Island, a gateway to Acadia National Park. Bar Harbor is a popular destination for nature-loving retirees who enjoy hiking, biking, camping, sailing, and fishing and admire breathtaking views of the coast and mountains. The town has a tight-knit and welcoming local community built with retirees in mind.
5. Bangor
Bangor seamlessly has a blend of modernity with its historic roots. With the city ensuring community growth and well-being, one perk of residing here that must be mentioned is the low crime rates, offering retirees peace of mind in their new chapter in life.
6. Waterville
If you plan to retire in a college town with a vibrant arts scene, Waterville is home to Colby College and Thomas College and may be the place for you. If you enjoy opera, then there is the Waterville Opera House. The town’s location on the Kennebec River offers water activities opportunities, including rafting, kayaking, and canoeing.
7. Brunswick
This college town is located on the midcoast of Maine and has a variety of cultural, educational, and outdoor recreation opportunities. Retirees can attend concerts and lectures at Bowdoin College or explore a vibrant downtown at the town’s historic district, which features well-preserved 19th-century architecture, art galleries, and dining options.
3 Best places to retire in Maine on a budget
There are hidden gems scattered throughout Maine that are highly affordable and provide unique experiences to seniors wanting to retire on a budget in Maine.
1. Lewiston
Maine’s second-largest city, Lewiston, boasts a rich history with modern amenities, a firm grip on crime, and overall community safety. The Androscoggin River runs through from sister city Auburn, offering nature lovers scenic views and recreational opportunities.
2. Auburn
A small city located across the Androscoggin River from Lewiston; together, they’re known as the Twin Cities. It is one of the cheapest places in Maine. Auburn offers the finest scenery from Lake Auburn to Mount Apatite and Auburn Riverwalk. Some local favorites include the brewery and golf courses.
3. Rockland
Nestled along the coast, Rockland is an art lover’s dream, with streets adorned with theaters, galleries, and the iconic Farnsworth Art Museum with a touch of cultural vibrancy. Rockland provides an intimate feel for older folks seeking relaxation and tranquility and making every penny spent seem like a wise investment with a tight-knit community vibe.
Comparison: Maine vs surrounding states
Only one state in the United States borders Maine: New Hampshire to the west. On the other side is the Gulf of Maine to the southeast and Quebec and New Brunswick (Canadian provinces) to the northeast and northwest. In fact, Maine is the most eastern state in all of America.
Both Maine and New Hampshire have their own pros and cons. Choosing between these two neighboring states entirely depends on your preferences, lifestyle, personality, and requirements for retiring.
You can explore New Hampshire, the Switzerland of America, as one of your retirement destinations here: Retirement Communities in New Hampshire: A Slice of English Country In USA!
How to finance your retirement life in Maine?
Apart from its phenomenal natural beauty, when we dive into Maine’s financial specifics, it becomes clear how the policies might impact retirees. Start strategizing your retirement by taking advantage of the following financial perks that Maine offers and ensure a seamless transition.
- The average cost of living in Maine is around $50,559 annually.
- Eligibility for Medicare begins at age 65 (regardless of retirement status).
- The state does not tax Social Security benefits.
- The state offers an annual deduction of up to $10,000 on pension income.
- Sales taxes are relatively low in Maine, with a rate of 5.5% statewide. However, the state exempts certain items (groceries, prescription drugs) from sales taxes.
- Eligible homeowners over age 62 may qualify for an exemption of up to $25,000 and a veteran exemption of up to $6,000 annually.
Maine offers a range of senior living options for older folks to consider. Even though the average cost of senior living in Maine is higher than the national average, these costs vary across the cities.
- Assisted living: $6,409/month
- Home care: $6,250/month
- Nursing home (semi-private room): $11,467/month
- Nursing home (private room): $12,298/month
- Memory care: $8,873/month
- Independent living: $3,565-4,241/month
A well-structured retirement plan can turn your dreams into reality. Look at the following articles for insightful financial facts!
Final thoughts
Suppose you’re thinking of a place where your retirement money can stretch a bit more while enjoying leisure strolls, serene views, and an opportunity to explore your hobbies. Maine should undoubtedly rank high on your list of desirable retirement destinations.
If Maine has just captured your heart, take a step and start planning your fulfilling retirement in the Pine Tree State.
Look into this article to see all the senior living options in Maine: Best retirement communities in Maine
FAQs
Is Maine a good state for retirees?
Maine, ranking at the top for affordability and livability, is a desirable destination for many seniors seeking a peaceful retirement with access to outdoor activities, fresh seafood, and a vibrant cultural scene.
What is the nicest place to live in Maine?
Wiscasset, often known as the “Prettiest Village in Maine,” earns its place for its outstanding natural and architectural beauty and charming historic character representing Maine and New England.
What is the best city in Maine for seniors?
Seniors mostly prefer Bangor, Bar Harbor, and Waterville as their desired retirement cities. Coastal cities like Camden, Belfast, and Brunswick are also the top choices.
Which is better for retirement, Florida or Maine? Why?
Maine is much safer than Florida, the safest state in America. Maine is also less expensive than Florida in terms of transportation and housing. However, Florida is cheaper in terms of groceries and clothing.
Are there waterfront retirement communities in Maine?
Maine is known for its scenic coastline and numerous lakes, making it an attractive location for retirees who appreciate waterfront living. Here are some of the top waterfront retirement communities in Maine:
- Goudreau’s Waterfront Retirement Community
- Penobscot Shores
- OceanView at Falmouth
- Piper Shores
- Schooner Cove Retirement Community
- Highland Green
- Silver Lake Estates
- Birch Bay Retirement Village
- OceanView At Falmouth
- Holiday Kittery Estates
- Ashton Gardens Gracious Retirement Living
- The Cedars
