This article takes a look at the 5 best places to retire in Maine. If you wish to read our detailed analysis on navigating retirement living in the US, you may go to 15 Best Places to Retire in Maine.
5. Brunswick
Insider Monkey Score: 88
Livability: 87
IM Cost of Living Index: 109.8
Median House Price: $485,000
Starting off our top five is another Cumberland County pick – the town of Brunswick. With a suburban feel, Brunswick is a college town by way of Bowdoin College. The town offers residents a variety of indoor and outdoor activities to get busy with, perfect for senior citizens who are on the search for an active retirement. Residents can visit the Androscoggin Swinging Bridge, the Peary-MacMillan Arctic Museum, and the Crystal Spring Farm.
4. Belfast
Insider Monkey Score: 88
Livability: 79
IM Cost of Living Index: 96.4
Median House Price: $270,000
A city on the water, Belfast is set at the Passagassawakeag River estuary on the bays of Belfast and Penobscot. The city is famous for its fresh seafood, art galleries, and their iconic farmer’s market which is the largest in the state and is open throughout the year. Residents can also visit the Lupine Cottage craft shop, the Belfast Historical Society and Museum, and the Marshall Wharf Brewing Company brewery.
3. Augusta
Insider Monkey Score: 91
Livability: 78
IM Cost of Living Index: 88.3
Median House Price: $280,000
Our next pick is a winner for the financially conscious retiree. With a cost of living that is 11.7% lower than the national average, Augusta is a great place to retire on a budget. The city’s low cost of living is not an indicator of a lack of amenities, however. Residents can find plenty to do in the city – dining out, shopping, relaxing in nature – Augusta has it all. Retirees can also rest assured as the city has medical facilities available such as the Alfond Center for Health and the MaineGeneral Medical Center.
2. Lewiston
Insider Monkey Score: 95
Livability: 80
IM Cost of Living Index: 94.9
Median House Price: $277,500
Rounding off our top two pick is the Androscoggin County city of Lewiston. With a population of just under 38,500 at the time of the last United States Census, Lewiston is the state of Maine’s second most populous city. Residents can visit the Franco Center concert hall, the Baxter Brewing Co. brewery, and the Thorncrag Bird Sanctuary nature preserve.
1. Bangor
Insider Monkey Score: 98
Livability: 80
IM Cost of Living Index: 93.9
Median House Price: $259,000
Our best pick for the best places to retire in Maine is the city of Bangor. With a cost of living that is 6.1% lower than the national average, Bangor is an ideal pick for retirees on a budget. The city has lots to do, with museums, eateries, and retail outlets in the plenty. Bangor also houses a hospital – the Northern Light Eastern Maine Medical Center – perfect for retirees who need a little extra care for their health.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 20 Major Cities with the Highest Home Price Increases Since the Pandemic and 25 Countries where Christian Population will Increase the Most by 2050.
