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If you crave being surrounded by the beauty of snow-capped mountains, you don’t have to settle in Europe. New Hampshire, famously known as the “White Mountain State,” can be the reality to your retirement dreams. Emboldened by a war veteran’s “Live Free or Die” motto and independent spirit, this state promises beautiful hiking adventures, snow-capped mountains, and lush green forests to explore.
Keep reading and find out if any towns or cities in New Hampshire be the next place you call home.
What age can you retire in New Hampshire?
There is no specific state-mandated retirement age in New Hampshire. You can retire at any age, depending on your health and financial situation.
However, your retirement age will determine your Social Security benefits. You can receive income as early as 62, but if you delay your retirement until after full retirement age (FRA) between 66 and 67, you can receive higher monthly payments.
You are eligible for Medicare from the age of 65; however, consider other healthcare coverage options before this age.
Read the following:
Taxes during retirement in New Hampshire
Retirees in New Hampshire can save significantly on their retirement funds by avoiding state income tax on their 401(k), IRA, pension, and Social Security income. However, they will still owe federal taxes.
10 Best places to live in New Hampshire for retirees
Around 18% of the total population are seniors. The White Mountain State draws in nature explorers and has beautiful coastal scenes for those not interested in the rocky plains. New Hampshire is rich in heritage and tradition, with friendly communities, and is renowned for low crime rates. There is low pollution, guaranteeing fresh air and potential good health.
In addition, New Hampshire is top ranked for specialized healthcare and has always been appealing for retirement. Based on your preference, if you are a big city lover, you can consider…
The 5 Best cities in New Hampshire to retire
While the senior population is increasing, this state has housing prices exceeding the national average.
In New Hampshire, the median home price is around $516,200.
Keeping this in mind, we’ve listed five affordable retirement options below. We understand some seniors may need assistance with activities of daily living, so we’ve included home care and assisted living costs as well.
1. Concord (Population: 43,900)
Concord, the capital of New Hampshire, is known as an affordable retirement option. There are exciting tourist locations, such as the State House and Peacock Lake. Avid science enthusiasts will enjoy the McAuliffe-Shepard Discovery Center, which has a planetarium and interactive space-themed exhibits.
Wildlife lovers can visit the Susan N. McLane Audubon Center and enjoy its hiking trails. Visiting the Capitol Center for the Arts will be a treat for entertainment and music fans.
- Median home price: $350,000
- Average Rent for a 1-bedroom apartment: $1,200–$1,500/month
- Monthly expenses: $3,000–$4,500
- Assisted Living Costs: $4,500–$7,000/month
- Home Care Costs: $25–$35/hour
- Notable Hospitals in proximity: Concord Hospital
2. Lebanon (Population: 15,690)
Lebanon has access to quality healthcare services such as memory care, independent living, amenities, and outdoor recreation options. As this city is near the Connecticut River, you can try a variety of watersports.
Dartmouth College is nearby, and the city has some of the best local dining options, such as Salt Hill Pub. It is renowned for its history, culture, and lively community, making it an ideal place for retirees.
- Median home price: $402,700
- Average Rent for a 1-bedroom apartment: $1,400–$1,600/month
- Monthly expenses: $3,800–$4,500
- Assisted Living Costs: $5,400–$6,100/month
- Home Care Costs: $25–$30/hour
- Notable Hospitals in proximity: Dartmouth-Hitchcock Medical Center
3. Keene (Population: 22,872)
One of the affordable cities in New Hampshire, you can self-reflect and spend your time in beautiful nature parks and forests such as Greater Goose Pond Forest and Horatio Colony Nature Preserve. Otter Brook Lake is perfect for peaceful afternoons to unwind with your favorite book. You will find many activities and maybe even watch a show at The Colonial Theatre.
- Median home price: $295,000
- Average Rent for a 1-bedroom apartment: $900–$1,400/month
- Monthly Expenses: $2,800–$4,200
- Assisted Living Costs: $4,000–$6,500/month
- Home Care Costs: $23–$32/hour
- Notable Hospitals: Cheshire Medical Center
4. Nashua (Population: 90,337)
If you want a city with a touch of township vibes, then Nashua is the place to be. There are quaint shops, lovely riverside cafes, and historic architectural buildings. You’ll find lots to do here, in one of the largest cities of New Hampshire. Hiking lovers will enjoy spending time along the Nashua River Trail Head.
- Median Home Price: $455,000
- Average Rent (1-Bedroom): $1,500–$2,000/month
- Monthly Expenses: $3,500–$5,000
- Assisted Living Costs: $4,500–$7,500/month
- Home Care Costs: $27–$38/hour
- Notable Hospitals: Southern New Hampshire Medical Center
5. Manchester (Population: 115,400)
Located along the Merrimack River, Manchester is also one of the biggest (and best) cities in New Hampshire.
Home prices are around $50K lower than the average state price. Spend time strolling along Heritage Trail or pause in Rock Rimmon Park’s scenic beauty. Art lovers can explore the Currier Museum of Art and see the works of well-known European and American artists. The Palace Theatre is famous for its shows and could be worth a visit!
- Median Home Price: $390,000
- Average Rent (1-Bedroom): $1,300–$1,900/month
- Monthly Expenses: $3,200–$4,700
- Assisted Living Costs: $4,000–$6,800/month
- Home Care Costs: $24–$36/hour
- Notable Hospitals: Elliot Hospital, Catholic Medical Center
City life doesn’t have to be for everyone. If you are looking for peace look at…
The 5 Best towns to retire in New Hampshire
In New Hampshire for retirees these towns can be worth considering:
1. Gorham (Population: 2,138)
In the heart of the White Mountains, rests this small, charming town that is eventful and filled with history. Experience history through the play “Muster in the Mountains,” showcasing the colonial era from the French and Indian War to the Mountain Man period, covering 1750 to 1840.
If you are a wildlife enthusiast, you can enjoy moose tours at the Moose Brook State Park while glamorous, vintage lovers can have a capital time in the evenings at the Medallion Opera House. You’ll be well entertained in this affordable town with events all year!
- Median Home Price: $229,700
- Average Rent (1-Bedroom): $850-$950/month
- Monthly Expenses: $0,000–$4,500
- Assisted Living Costs: $4,500–$5,520/month
- Home Care Costs: $25–$35/hour
- Notable Hospitals: Cocos County Family Health Services
2. Littleton (Population: 4,511)
Located near the Connecticut and Ammonoosuc Rivers, Littleton is known as one of the most charming towns in the US. This classic town has stories to tell from its rich history, and the Littleton Opera House can tell you even more outside of entertainment. The Little Village Toy & Book Shop will be your frequent hangout spot if you love reading!
- Median Home Price: $348,160
- Average Rent (1-Bedroom): $1,200–$1,300/month
- Monthly Expenses: $3,500–$4,500
- Assisted Living Costs: $5,000–$5,300/month
- Home Care Costs: $23–$30/hour
- Notable Hospitals: Littleton Regional Healthcare
3. Peterborough (Population: 6,424)
In 2023, Peterborough ranked as the best town to retire in New Hampshire. Situated amongst picture-perfect hills, this small town has friendly locals and a strong community spirit. First Friday; an event on each month’s first Friday, brings residents together to support businesses, local artists, and cafes. There are exciting activities for you and your grandchildren too!
If you’re more of an introvert, you can unwind by exploring art exhibitions in the MacDowell Colony or taking quiet walks in the beautiful outdoor parks.
- Median Home Price: $415,000
- Average Rent (1-Bedroom): $1,200–$1,700/month
- Monthly Expenses: $3,200–$4,800
- Assisted Living Costs: $4,200–$7,000/month
- Home Care Costs: $25–$37/hour
- Notable Hospitals: Monadnock Community Hospital
4. Meredith (Population: 2,865)
This quaint little town is a haven for outdoor lovers. There are many activities to choose from, including swimming, fishing, water sports, and hiking. It is on Lake Winnipesaukee, with amenities like classy shopping malls and luxurious seafood restaurants.
You can even choose your dream house from one of the beautiful homes and live on one of the local private beaches! It would be like living in your own movie.
- Median Home Price: $469,000
- Average Rent (1-Bedroom): $1,500–$2,100/month
- Monthly Expenses: $3,500–$5,000
- Assisted Living Costs: $4,800–$7,500/month
- Home Care Costs: $27–$39/hour
- Notable Hospitals: Lakes Region General Hospital
5. North Conway (Population: 2,600)
For daredevils who crave more challenge in their outdoor adventures, North Conway is a top ski destination for living and visiting. There is a ski museum and park, and train rides are available to explore the town. Enjoy the White Mountains’ beauty by camping and visiting neighboring areas such as Diana’s Baths, Mount Washington, Cranmore Mountain, etc.
- Median Home Price: $438,400
- Average Rent (1-Bedroom): $1,150–$1,300/month
- Monthly Expenses: $2,500–$3,200
- Assisted Living Costs: $5,600–$6,500/month
- Home Care Costs: $28–$35/hour
- Notable Hospitals: Memorial Hospital
Which is Best for Retirement: City or Town of New Hampshire?
This decision boils down to what suits you and your lifestyle. For better comparison, consult the table below.
Pros and Cons of Living in New Hampshire
Here are some pros about retiring in New Hampshire:
- No income or sales taxes exist, meaning this state is a tax-friendly environment for seniors. It is applicable for retirement income too!
- Major cities like Boston, New York, and Maine are nearby. Thus, amenities, traveling opportunities, and specialized health care
- are more accessible.
- Autumn’s beauty is stunning among the four seasons here. The coastline scene where the Atlantic Ocean is located is a famous tourist attraction.
- There are limitless outdoor activities, such as hiking, skiing, and snowboarding. If you are a fan of water sports, you can enjoy kayaking, boating, and fishing!
- For history lovers, the towns and cities of New Hampshire have fascinating museums and historical sites to visit!
Consider these cons for retirement in New Hampshire as well:
- Property taxes can be high, offsetting the income-tax-free benefit. We recommend consulting a financial advisor before moving here.
- The winters can be harsh, but if you can weather through, it may be quite an experience!
- There is limited public transport. Due to mass tourist visits, there is high traffic in the summer.
- The median cost of a house and living expenses (around 14.1%) are higher than the national average.
- There are no major airports, and you may have to book flights from nearby states, which implies potential higher air travel expenses.
Key Facts
- New Hampshire is the safest state in America, with some cities having zero robberies and crimes.
- New Hampshire has no state or income taxes, meaning your retirement income/savings will not be taxed.
- For the first time in 57 years, the New Hampshire Retirement System (NHRS) will provide retirees with over $1 billion in benefits this fiscal year.
Final thoughts
Despite New Hampshire’s disadvantages regarding weather and property taxes, this state is still attractive for retirees. There are lower tax burdens and a diversity of natural scenery.
Based on your personal choices, you may be drawn to the excitement of city life or to living in a peaceful small town, but you’ll find vibrant communities and security in most neighborhoods. New Hampshire is highly ranked for its medical facilities, diverse outdoor adventure options, and rich history, making it an ideal retirement destination in the Northeastern region of the USA.
FAQs
Is New Hampshire a good place to retire to?
New Hampshire is considered a safe place for retirement, as it has one of the lowest crime rates. The state is free from state income tax, leaving your Social Security, pensions, and retirement benefits untouched. This state is well-known for its serenity and scenic beauty. New Hampshire is an excellent place to consider for those looking to explore the great outdoors and indulge in arts and culture.
Is it better to live in New Hampshire or Massachusetts?
Both states have advantages when considering sightseeing, healthcare options, and outdoor activities, but New Hampshire can be better. New Hampshire promises a lower cost of living (around 15% less), with no income and sales tax, allowing retirees to save more money in the long run and buy a more affordable home. New Hampshire is ideal for retirees looking for a more affordable choice.
Where is a good city to retire in the US, quiet, nice, and safe?
- For a quiet, safe, and pleasant retirement, Portland, Maine, offers coastal living with a strong arts scene and excellent healthcare.
- Southgate, Michigan, is known for its peaceful environment and strong community spirit.
- Keene, New Hampshire, provides a small-town charm with low crime rates and beautiful natural surroundings, making it a great choice for retirees.
These locations offer a balance of tranquility and safety for those looking to retire in a serene setting.
What is the safest town in New Hampshire?
In 2024, Danville has been listed as the top safest city in New Hampshire. The city’s population is 4,595, and based on crime statistics in the past year, there have been zero violent crimes, and zero burglaries reported.
