In this season, New Hampshire experiences an increase in bugs and mosquitoes, and the lack of ventilation in homes doesn't help either. The state ranked well across factors like social isolation risks, the number of healthcare benchmarks, and life expectancy for its senior residents. Since you will have ample time on your hands after retirement, you will want to live in a place that keeps your days filled with entertainment and your nights peaceful and safe. About 44,000 people live in its state capital, Concord, while a little over 100,000 live in Manchester, New Hampshires largest city. The most common jobs in New Hampshire are in construction, metal and plastic work, and engineering technicians. You can head to the beach for a change and experience the benefits that come with it. January 18, 2023 HomeSnacks is reader-supported. Know Before You Go. Residents of New Hampshire often head to Boston for a diverse cultural experience. They want to be downtown more now, and they are really enjoying it, says Breton. Retirefearless.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. Schools are generally very safe, and if you want to go to college here, its fairly possible to get on an Ivy League track. For that, New Hampshire just might be it. Despite its harsh weather, Maine has great healthcare and a high senior prevalence score. This is usually one of the deciding factors New Hampshire locals have when they choose to rent a place. To travel within the New England region, you can catch a train from Boston. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. However, retiring in this state isnt always a bed of roses. Its not uncommon to hear of middle-class homeowners paying as much as $7,000 a year on property taxes. We then pulled data from the Census, the FBI's Crime Report, National Weather Service, and OpenFlights and looked specifically for spots with a low cost of living and crime rate, combined with plenty to do and good weather. In comparison, the average crime rate across the US is 4.49 per 1000 residents. We have so much to offer culturally with the world-renowned Concord Community Music School, the Kimball Jenkins Estates arts programs, the independent Red River Theatres, the Capitol Center for the Performing Arts and the newly renovated Bank of New Hampshire Stage, says Breton. Nebraska made the top 15 overall in important rankings such as wellness (8th) and affordability (14th), while also scoring in the top half for crime (19th) and culture (21st). 1 when it comes to quality of life and ninth for health care, two of three key metrics used in the ranking. / CBS Boston. While New Hampshire doesnt charge a sales tax or levy one on your pension, retirement income, and Social Security benefits, property tax in the state is the second-highest in the US. There is no sales tax to worry about when living in New Hampshire. Financial stability, safety, along with health & wellbeing are all factors one must consider when deciding where to retire. 4. Education and property taxes may be pricey, but the 0% sales and state income tax in New Hampshire are inviting. The water is serene but stays cold throughout the year. Living in exclusive areas such as near the University of New Hampshire can result in $7,000 property tax annually. If you often find yourself looking for authenticity, New Hampshire has some interesting things to offer you. Property is much easier to afford when you live in New Hampshire because there is no sales tax to worry about. The average person in New Hampshire makes about $65,421 annually. A Division of NBCUniversal. New Hampshire is among the top 10 states for healthcare quality, per the AHRQ. Larger cities have bus systems, but public transportation in smaller towns isnt widely available. 1. ). CONCORD, N.H. (CBS) -- New Englanders in search of the perfect retirement destination may not have to look far. There have been some changes since last year. The 0% state income tax rate in New Hampshire is a blessing, but investment income is taxable. Florida may have New Hampshire beat in terms of heat, but if natural beauty is your thing, it's certainly hard to top New Hampshire's rugged landscape (especially in autumn). Recreation centers per 1,000 residents was also factored in, as was the number of retirement centers per 1,000 residents. Keene 6. There is a lot to explore, from a range of mountains, lakes, and forests to the Atlantic coast. "Although winter may seem to last forever, the region's other seasons bring with them their own winning attributes, from summer days at Hampton Beach (less than an hour from downtown) to stunning fall foliage in nearby White Mountain National Forest," U.S. News writes. New Hampshire ranks high among the US states in caring for its senior residents. Some Of The Coolest Things To Do In New Hampshire The Pros And Cons Of Living In New Hampshire New Hampshire Fun Facts & Strange Laws Katrina Wittkamp | The Image Bank | Getty Images. There is little to no public transport in most areas of the state. On the downside, the few extreme weeks in peak summer can be hot and humid. "It comes down to very personal preferences, so it's important to weigh all factors and determine what is most important for your happiness," Garcia said. Among the best retirement locations in New Hampshire is Claremont, the only city in Sullivan County where wooded forests and green pastures surround you. If you do not have one, perhaps you might want to get a car first or consider another state altogether. / CBS Boston. Finally, we took the average rank across these criteria. Major private sector names like Oracle, UPS, and BAE Systems have made this state home for both local and corporate means. Berlin is one of the cheapest places in New Hampshire. Considering how close New Hampshire is to Canada, its not surprising that you will have some icy weather during the winter. 2021 CBS Broadcasting Inc. All Rights Reserved. So people live here and commute to Boston for work. Nashua, New Hampshire has been ranked as the best place to live in the United States many times. Even using a $ 60-month pass, you could spend up to $720 per year on public transit in New Hampshire. In Exeter the 55+ set is welcome to enjoy many of the educational and artistic offerings on the campus of Phillips Exeter Academy, one of the nations finest prep schools, and the short drives to Manchester and Portsmouth helped to land the town atop the list for best places to retire in New Hampshire by smartasset.com, and is among the 30 best in the nation. But according to a new ranking from U.S. News & World Report, some of the best places to retire can be found in Massachusetts and New Hampshire. #1 Best State Sales Tax For Retirees #37 Best State Real Estate Prices For Retirees #44 Best State Cost Of Living For Retirees #8 Best State Retirement Population For Retirees #2 Best State Crime Rate For Retirees #23 Best State As Rated By Other Websites For Retirees #41 Best Overall State For Retirees Best States To Retire To #1 Florida #2 It is one of only four states in the U.S. which provides this benefit, with the others being Oregon, Montana, and Delaware. With multiple family members currently in senior living facilities, David is in the trenches every week, learning the ins and outs of nursing homes, assisted living, memory care, and general senior living. Seniors strolling in Chicago. According to SeniorCare.com, more than 70 nursing homes are in the area. Philip Exeter Academy is one of the oldest and most highly regarded private schools in the United States. This is our tenth time ranking the best places to retire in New Hampshire. Only 14% of the states residents are seniors. Senior treks on Lemon Glacier in Juneau Icefield in Alaska, third-worst state for retirees. Wages are taxed at normal rates, and your marginal state tax rate is 5.90%. Retiring in New Hampshire seems like a pretty good choice. Of the 50 U.S. states, New Hampshire is the fifth smallest by area and the tenth least populous, with a population of 1,377,529 residents as of the 2020 . If youre considering retirement in New Hampshire, what are the pros and cons? Currently there are no statewide restrictions for businesses, or the general public related to COVID-19 and its variants. Maybe you didnt get to spend your college years at Dartmouth, but now you can enjoy your golden years in Hanover. The Old Line State is in the bottom 15 for affordability (fourth worst), culture (ninth worst) and wellness (tied for 13th worst with Washington), and is just outside that threshold in crime (18th worst). The cons are that property taxes are higher, and there is a lack of solid public transportation so if you dont drive, this may be an issue. 2023 CBS Broadcasting Inc. All Rights Reserved. Stonewall Farm offers learning opportunities for residents, supports local producers, and demonstrates sustainable farming. Besides, much of the landscape is developed for recreational activities, including hiking, snowmobiling, and skiing. link to Best Flowers To Plant In Late Summer. The state has the second-lowest violent crime rate (1.53), second-lowest property crime rate (12.09), the best air quality (4.10), the fourth-highest family medicine physicians per capita (59.34), and the second-highest well-being index (65.20) among its 55-year-old and older population, according to the report. The property tax here is less than half compared to the rest of the state. Follow along as we take a close look at the pros and cons of living in New Hampshire. MI. "There are many factors to consider when deciding where to retire," said Bankrate.com data analyst Adrian Garcia, in a statement. However, you will have to cope with the extreme winters, lack of public transport, and high property taxes. Also, if the horizon is clear, you can see five surrounding states, the Atlantic Ocean, and Canada. Here are some top reasons why the state was favored as among the best places to retire: Retirement in New Hampshire means no taxes on your purchases, state income, and social security. When you click through real estate links on our site, we earn an affiliate commission. Within the last few years, the ease of access on Main Street, which is a quintessential New England main street, has been improved. Without further ado, let's turn to the absolute best places to retire in New Hampshire. New Jersey was the worst state to retire in, according to the analysis. Located in the beautiful Upper Connecticut River Valley of New Hampshire, Hanover made the cut for the countrys 12 Smart Places to Retire list in the July 2019 Kiplingers Retirement Report, and Money Magazine rated the town the sixth best place to live in America in 2011. People, especially those living in the northern region of New Hampshire, benefit greatly from the neighboring city. 2021 CBS Broadcasting Inc. All Rights Reserved. There is a lack of ethnic culture, and the more you explore the state, the more you will feel a repeated pattern despite the change in towns and cities. Within the next three years, New Hampshire residents will have access to a light rail system that should prove helpful. Manage Settings Danville, Atkinson, Hollis, and Windham are among the safest places to live in New Hampshire. So if you are considering retiring in New Hampshire for its calm and quiet nature, keep in mind the noise and traffic you will face in the summers. The only slightly high tax rate in New Hampshire is the 2.20% property tax rate that applies to homeowners. Interestingly, some of the top best cities to raise a family in New Hampshire are also featured on this list. Rent is affordable as well. You can enjoy living by the sea if you have enough financial resources. 1 spot in affordability. The unemployment rate in New Hampshire is low as can be. There are some downsides to living in New Hampshire, and we will dive into them right now. Not only is Nashua a standout within New Hampshire, but its affordability and safety also make it ideal for anywhere. This state has abelow-average crime ratewhen compared to other states. New Hampshire residents may be free of income tax, but not if they commute to Boston. Community score: 59.3. Best States to Save for Retirement 1. This is based on measures including: low cost of living, low crime, things to do (measured by population density), nice weather and distance to the closest international air. New Hampshire is tax-friendly toward retirees. The 10 Best Places to Retire in New Hampshire, Common Questions About Retiring in New Hampshire. Corn field in Burlington, Iowa, the second-best state for retirees. New Hampshire boasts one of the lowest crime rates in the United States, and residents are quite safe. This helps the mind of youngsters open to multiple possibilities and a thriving future. 10 White Oak Drive, You can get all scales of condos, ranging from $300,000 to $900,000. Overall worst state for retirement: Oklahoma scoring 32.5 out of 100. New Hampshire has historically been rated as one of the most tax-friendly states to live in, especially as a retiree. Please enter valid email address to continue. While winter is the time to dust off yourAll-Mountain Freeride Ski(view on Amazon), New Hampshire mountain trails and passes can be treacherous during this time. Its not unusual to see extreme snowfall and bitterly cold temperatures that regularly dip into the single digits during the rougher parts of winter. Pease Air Force Base in Portsmouth was repurposed into a hub for high-tech companies, consequently boosting the local economy. For starters, we only looked at cities with a population of at least 5,000, which left us with 24 cities to rank. This state has a. when compared to other states. Some of the financial advantages include: Health and wellbeing standards are an important benchmark when considering where to retire. Hawaii has a general excise tax that's very similar to a sales tax . #BestPlacesToRetire https://t.co/ZIddO060HW. Google Maps, (603) 772-4700 According to a 2019 Federal Reserve report, living comfortably in New Hampshire as a typical 65-year-old can spike to $1M on average. [Retirees] are moving here. Break in yourFolding Bike(view on Amazon) on biking trails, stroll along walking paths, visit animals, or simply enjoy beautiful sceneries. The property crime rate has also reduced from 13.94 in 2019 to 10.90 in 2021 per 1000 properties. The living cost is high, and diversity is low. Toll-Free (800) 688-9663 With the absence of two major tax sources, the state government makes their revenue from the high property taxes. The good news for the Empire State is that it's no longer the absolute worst in the bunch for retirees. It is highly populated by people who work in Boston as it is only one hour away. You will find bug screens in most houses in this state to keep the bugs and mosquitoes from inhabiting indoors. If you're ready to learn more about retiring in New Hampshire, join us for an Online Lunch & Learn. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. This article offers an overall view of New Hampshire. The state's aggregate retirement income ranks #23 at $16,158.08, which is important considering the state's average monthly assisted living costs are approximately $4,000. Florida unsurprisingly dominated the top of the rankings, with Sarasota, Naples and Daytona Beach making up the first three. However, New Hampshire is better due to its tax-free social security retirement benefits. Four states (Oregon, New Hampshire, Montana and Delaware) have no state or local sales taxes.
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