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8 Great Places to Retire in New England

in Personal Finance
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Franconia Notch State Park, New Hampshire
Winston Tan / Shutterstock.com

When you’re drawn to the good fall foliage and wealthy historical past of one of many oldest areas in the USA, retirement in New England has lots to supply.

New England’s ocean seashores, outside recreation, vineyards and basic meals comparable to clam chowder, lobster and maple syrup are a giant draw for retirees. The price of retiring in New England is steep, nonetheless, together with paying excessive state revenue taxes.

Actually, all six New England states — Maine, Vermont, Massachusetts, Rhode Island, New Hampshire and Connecticut — rank within the backside 15 of the “affordability” class in Bankrate’s 2022 report on the perfect and worst locations to retire. But Vermont additionally tops a latest listing with essentially the most relocation strikes into the state, with Rhode Island not far behind.

Retirees relocating to New England can nonetheless discover pockets of affordability, together with 4 distinct seasons and culture-packed cities and cities. When you can courageous the cruel winters or afford to be a snowbird, New England might be simply the correct place to spend your golden years.

Right here’s the rundown on a number of nice locations to retire in New England.

New Haven, Connecticut

Enfi / Shutterstock.com

Inhabitants: 135,000

House to Yale College, New Haven has a lot to supply retirees who wish to dwell an city life-style with loads of cultural choices, together with the Yale College Artwork Gallery.

New Haven can be house to the famend Yale New Haven Hospital, so retirees have many medical specialties lined. The typical house worth in New Haven is a cut price for New England — round $260,000, far beneath the nationwide common of $329,000 — based on Zillow. The price of dwelling is 5.5% above the nationwide common.

Portland, Maine

Coast of Portland, Maine
Sean Pavone / Shutterstock.com

Inhabitants: 68,000

The coastal metropolis of Portland, essentially the most populous location in Maine, seems ceaselessly on retirement vacation spot lists as the most effective in New England. Retirees will discover lots to do in Portland’s bustling downtown, and town has considerable shops and retailers, together with the Maine Mall. A picturesque waterfront and close by seashores welcome retirees and vacationers alike.

Every of Portland’s two instructing hospitals — Maine Medical Heart and Southern Maine Well being Care — was named a 2022 high instructing hospital by the Leapfrog Group for well being care high quality and security.

Retirees there could wish to finances for a snowbird allowance in the course of the coldest months. Additionally be aware Portland’s value of dwelling is round 12% greater than the nationwide common.

Pittsfield, Massachusetts

Pittsfield Massachusetts lake
James Kirkikis / Shutterstock.com

Inhabitants: 44,000

Kiplinger named Pittsfield as the most effective locations in New England to retire because of the metropolis’s relative affordability in comparison with Boston and Cambridge. The typical Pittsfield house worth is just round $258,000 — considerably decrease than the typical house worth in Boston of $672,000, based on Zillow.

Retirees will benefit from the splendor of fall leaves and pure great thing about this small metropolis positioned within the Western Berkshires. Tanglewood Music Heart, the Boston Symphony Orchestra’s summer season house, is lower than 10 miles away. The Clark Artwork Institute and the Massachusetts Museum of Up to date Artwork usually are not far both.

Residents ages 65 and older make up round 20% of the inhabitants. One other plus: The price of dwelling in Pittsfield is round 11.5% decrease than the nationwide common.

Amherst, Massachusetts

University of Massachusetts
Feng Cheng / Shutterstock.com

Inhabitants: 39,000

Nice Retirement Spots named Amherst as an amazing place for retired teachers searching for small-town, rural dwelling that provides tradition, historical past and leisure actions. However this former house of poets Emily Dickinson and Robert Frost has lots to supply different retirees, too.

Situated within the Glad Valley area of Western Massachusetts, Amherst is house to the College of Massachusetts at Amherst, Amherst Faculty and Hampshire Faculty. The town has a collegiate vibe with loads of cultural occasions, together with poetry readings on the Emily Dickinson Museum and an arts cinema, together with courses and displays on the Yiddish E book Heart and the Eric Carle Museum of Image E book Artwork.

Retirees craving occasional big-city life are just a few hours drive away from Boston or New York Metropolis.

Laconia, New Hampshire

Laconia, New Hampshire
Jon Bilous / Shutterstock.com

Inhabitants: 17,000

Laconia’s lower-than-average value of dwelling, scenic location and considerable outside recreation alternatives make this city interesting to retirees who take pleasure in small-town dwelling.

Nicknamed “Metropolis on the Lakes,” Laconia is positioned on the Winnipesaukee River and borders Lake Winnisquam and Lake Winnipesaukee, the state’s largest lake at round 20 miles lengthy and 12 miles large. From its seashores to the close by White Mountain Nationwide Park, Laconia’s pure choices will attraction to outside fanatics.

Residents ages 65 and older comprise round 21% of the inhabitants. The price of dwelling in Laconia is round 5% decrease than the nationwide common.

Rochester, New Hampshire

Rochester, New Hampshire
Corey T Burns / Shutterstock.com

Inhabitants: 33,000

House of the Rochester Opera Home and Rochester Museum of Wonderful Arts, Rochester has tradition, crafts galleries, vintage shops, outside concert events, close by seashores and a long-running agricultural truthful.

Frisbie Memorial Hospital in Rochester obtained an “A” Hospital Security Grade from the Leapfrog Group for its efforts to guard sufferers from preventable hurt and errors.

Rochester’s value of dwelling is 4.4% decrease than the nationwide common.

Windfall, Rhode Island

Providence, Rhode Island houses homes
Pleasure Brown / Shutterstock.com

Inhabitants: 190,000

Situated 50 miles southeast of Boston and one hour’s drive from Cape Cod, Windfall has a lot to supply as a retirement vacation spot, based on High Retirements. One of many largest cities in New England and Rhode Island’s state capital, Windfall is house to Brown College and a number of other schools and a 95-minute ferry trip from Martha’s Winery.

With close by seashores and a riverfront walkway to concert events by the Rhode Island Philharmonic Orchestra and performs on the award-winning Trinity Repertory, retirees will discover loads of methods to remain lively and engaged.

Burlington, Vermont

Burlington, Vermont
Erika J Mitchell / Shutterstock.com

Inhabitants: 45,000

Retirees searching for a metropolis with a small-town really feel, cultural and outside actions, nice summers and breathtaking fall surroundings will discover all of that and extra in Burlington. Situated on Lake Champlain close to the Adirondack Mountains, winters might be brutal, nonetheless.

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