6 Great Places to Retire in New England
If you're ready to make that move to New England for your own retirement, we suggest you consider the following spots.
Turning leaves for fall. Blankets of snow for winter. Popping blooms for spring. White-sand beaches for summer. Every season brings a new reason to love New England—but the area's typically high costs, unfavorable tax policies and harsh winters are common deterrents for retirees.
Still, a couple of New England states seem to have overcome those turn-offs and have drawn an influx of newly retired residents. In 2022, Vermont and Rhode Island were among the top 10 states people moved to for retirement, according to United Van Lines' annual national movers study.
If you're ready to make that move to New England for your own retirement, we suggest you consider the following spots. We highlighted one great retirement destination in every state, taking into account living costs, safety, median incomes and poverty rates for retirement-age residents, as well as residents' sense of well-being and the availability of recreational and health care facilities. These are our six choices in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.
Disclaimer
The list is ordered alphabetically by state. See "How We Picked the Best Places to Retire" at the end of the list for details on our data sources and methodology.
Middletown, Connecticut
- City population: 48,729
- Share of population 65+: 16.2%
- Cost of living: 14% above the national average
- Average income for population 65+: $47,599
- Well-being score: 64
- Connecticut State Tax Guide
Like much of the Northeast, Connecticut is known to be a high-cost area, and Middletown is no exception. Local residents tend to pull in high enough incomes to make it work. The city's average income for all households is $90,731 a year, but it's not as good for the older population. Incomes for residents age 65 and up average $47,599 a year, according to Point2.
However, being home to Wesleyan University, Middletown offers all the benefits of retiring to a college town, including numerous restaurants, shops and cultural attractions. You can also take advantage of the Wesleyan Institute for Lifelong Learning, which offers no-credit courses, lectures and other educational opportunities at minimal cost and is open to the entire community.
And while the nearby city of Hartford has an alarmingly high crime rate — with 4.80 violent crimes per 1, 000 residents — Middletown is far safer with 1.06 violent crimes per 1,000 residents, according to NeighbourhoodScout.com.
Portland, Maine
- City population: 68,424
- Share of population 65+: 15.3%
- Cost of living: 15% above the national average
- Average income for population 65+: $45,373
- Well-being score: 64
- Maine State Tax Guide
The largest city in Maine, Portland offers a lively downtown and plenty of urban-esque amenities amidst the great outdoors of the Pine Tree State. You can enjoy museums, theaters and an array of eclectic dining. The flagship L.L. Bean store in nearby Freeport is a must-see for many visitors, but resident shoppers also flock to Portland’s unique boutiques and outlets.
All the while, you’re never too far from the area's many beaches. That means ample opportunity to lounge on the shore or dive into water-based activities including fishing, kayaking, sailing and even surfing. And of course, hiking and biking trails abound —perfect in the (much) colder months, too, for cross-country skiing and snowshoeing.
Pittsfield, Massachusetts
- City population: 43,310
- Share of population 65+: 19.8%
- Cost of living: 10% above the national average
- Average income for population 65+: $44,759
- Well-being score: 59
- Massachusetts State Tax Guide
New England is notoriously expensive, but Pittsfield, located in the western part of Massachusetts, offers a small pocket of relative affordability — more reasonably priced than Boston and Cambridge, where living costs are, respectively, 50% and 73% above the U.S. average. Housing is notably affordable: The average Pittsfield home value is $281,917, compared with $590,852 for all of Massachusetts, $718,208 for Boston proper and $980,849 in Cambridge, according to Zillow.
Leaf peeping in the fall may be enough to draw you to the Berkshires. But you have plenty to enjoy all year round, including excellent sites for camping, fishing, hiking and skiing. Nearby, enjoy musical performances at the Tanglewood Music Center, the summer home of the Boston Symphony Orchestra. There’s also world-class art at the Clark Art Institute in Williamstown and the Massachusetts Museum of Contemporary Art (MASS MoCa, for short) in North Adams.
Pittsfield, Massachusetts also made our list of 12 places to retire if you're sick of the heat.
Laconia, New Hampshire
- City population: 17,086
- Share of population 65+: 21.1%
- Cost of living: n/a
- Average income for population 65+: $50,030
- Well-being score: 52*
- New Hampshire State Tax Guide
Tucked between Lake Winnipesaukee and Winnisquam Lake, Laconia has been dubbed "The City on the Lake," the home city to New Hampshire's Lakes Region. That means plenty of beaches and water-related activities for you in the warmer months. Other outdoor recreation abounds nearby, too. Gunstock Mountain Resort in neighboring Gilford, for example, offers camping, ziplining and snow sports, as well as fairs, events and dining options.
Local crime may be worth noting: While the state sports a low rate of 1.37 crimes per 1,000 residents, Laconia's rate is 2.23, according to NeighborhoodScout.com. The site lists Lakeport and Interlaken Park / Pendleton Beach as the safest Laconia neighborhoods. On the bright side, between 2015 and 2022, there have been only two murders in town, according to the community's police department.
Plus, the Granite State's tax situation for retirees is solid, too.
*For Belknap County, where Laconia is located.
Providence, Rhode Island
- City population: 189,563
- Share of population 65+: 11.5%
- Cost of living: 13% above the national average
- Average income for population 65+: $32,381
- Well-being score: 62
- Rhode Island State Tax Guide
Home to Ivy League Brown University and the world-renowned Rhode Island School of Design, as well as a handful of other colleges, Providence can be a great fit for retired intellectuals and artists. They'll have no shortage of things to do, with the schools offering gallery nights, performing arts events, educational opportunities and more. And the schools' presence has helped draw a variety of restaurants and businesses to the area, too.
Unfortunately, higher-than-average tax rate and home values can be prohibitive throughout the tiny state. The average Providence home value is $363,234, compared to $436,683 for the state of Rhode Island, according to Zillow.
Burlington, Vermont
- City population: 44,595
- Share of population 65+: 11.6%
- Cost of living: 16% above the national average
- Average income for population 65+: $44,524
- Well-being score: 69
- Vermont State Tax Guide
This small mountain city on the shores of Lake Champlain is a picturesque setting for tree-hugging retirees. Outdoor recreation is plentiful with miles of hiking and biking paths, nearby beaches where you can swim, kayak or paddleboard in the warmer months, and numerous skiing options in the area. An eco-friendly vibe permeates the town, from the businesses bolstering the city's economy, such as household-products maker Seventh Generation, to the local food movement feeding the neighborhood.
But being green isn't easy on your wallet. Taxes and living costs are high. While the average home value is $388,868 in the Green Mountain State, compared with the median $348,539 for the U.S., it climbs to $501,130 in Burlington. The median monthly cost of a nursing home in Burlington costs $11,619.
But at least you can save money on academic pursuits. The University of Vermont will cover tuition costs for state residents age 65 and older who wish to take a class, even if it's for credit.
How We Picked the 50 Best Places to Retire
To pinpoint one great retirement destination in each state, we weighed a number of factors:
- Cost of living comes from Payscale.com.
- Average income for population 65+ comes from Point2homes.com.
- Household incomes, poverty rates and number of health care facilities are from the U.S. Census Bureau.
- Community well-being and physical well-being scores are provided by digital health company Sharecare, in collaboration with Gallup. These are two of the five elements of well-being that make up the overall Gallup-Sharecare Well-Being Index. (The other three elements are purpose, social and financial well-being.) The index is calculated on a scale of 0 to 100 and based on more than 2.5 million nationally representative surveys. Community well-being is defined as "liking where you live, feeling safe and having pride in your community." Physical well-being is "having good health and enough energy to get things done daily." We display the community score for each place we chose.
- Population data, including the percentage of the population that is age 65 and older, is also provided by the Census Bureau. The figures are highlighted in these rankings for the benefit of readers, but were not factors in our methodology for ranking the best places to retire.
Related Content
Rapacon joined Kiplinger in October 2007 as a reporter with Kiplinger's Personal Finance magazine and became an online editor for Kiplinger.com in June 2010. She previously served as editor of the "Starting Out" column, focusing on personal finance advice for people in their twenties and thirties.
Before joining Kiplinger, Rapacon worked as a senior research associate at b2b publishing house Judy Diamond Associates. She holds a B.A. degree in English from the George Washington University.
- Erin BendigPersonal Finance Writer
-
Charitable Remainder Trust: The Stretch IRA Alternative
The SECURE Act killed the stretch IRA, but a properly constructed charitable remainder trust can deliver similar benefits, with some caveats.
By Brandon Mather, CFP®, CEPA, ChFEBC® Published
-
Three Ways to Take Control of Your Money During Financial Literacy Month
Budgeting, building an emergency fund and taking advantage of a multitude of workplace benefits can get you on track and keep you there.
By Craig Rubino Published
-
7 Things Medicare Doesn’t Cover
Healthy Living on a Budget Medicare Part A and Part B leave some pretty significant gaps in your health-care coverage. But Medicare Advantage has problems, too.
By Donna LeValley Last updated
-
12 Places to Retire If You're Sick of the Heat
places to live Some like it hot; others not so much. Here are the 12 best places to retire if you can't stand the heat.
By Stacy Rapacon Published
-
The 10 Cheapest Countries to Visit
Despite inflation, there are some areas where the strong dollar will definitely work in your favor.
By Quincy Williamson Last updated
-
15 Ways to Prepare Your Home for Winter
home Now that fall is officially here, it's time to prepare your home for cold weather.
By Donna LeValley Published
-
Six Steps to Get Lower Car Insurance Rates
insurance Shopping around for auto insurance may not be your idea of fun, but comparing prices for a new policy every few years — or even more often — can pay off big.
By Donna LeValley Published
-
10 Things You Need to Know About Retiring to Florida
Making Your Money Last If Florida is part of your retirement plan, we offer up a few tips to help you find your way.
By Bob Niedt Last updated
-
6 Ways to Boost Your Credit Score — Fast
Tips for boosting your credit score quickly, starting with paying down your credit card debt.
By Lisa Gerstner Last updated
-
Hurricane Insurance Claims: 10 Things You Should Know
Becoming a Homeowner Hurricane damage? Know what’s covered, what isn’t, and how to make the most of your policy if you need to file a claim.
By Kimberly Lankford Last updated