This article takes a look at the 5 best places to retire in Maryland. 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 Maryland.
5. Bel Air
Insider Monkey Score: 81
Livability: 85
Cost of Living Index: 107.8
Median House Price: $389,900
Starting off our top five pick for the best places to retire in Maryland is the Harford County town of Bel Air. With a hospital, post office, university, and a variety of grocery stores, Bel Air carries all the necessary amenities, making it a great place for families and retirees alike. Residents can visit the Ma & Pa Heritage hiking trail, Bynum Run Park, and the Harford Artists Gallery.
4. Aberdeen
Insider Monkey Score: 84
Livability: 79
Cost of Living Index: 106.9
Median House Price: $303,750
Another Harford County pick, the city of Aberdeen is home to several successful businesses – including Clorox, Rite Aid, and Frito-Lay. The city also holds the Leidos Field at Ripken Stadium which is the homeground of the Aberdeen IronBirds. Residents can also visit Grumpy’s Bar & Grille, the Horizon Cinemas, and the Harford Lanes Bowling Alley to spend their days.
3. Baltimore
Insider Monkey Score: 84
Livability: 77
Cost of Living Index: 104.9
Median House Price: $215,000
Our next pick is known as Maryland’s most populous city. With a population of just under 570,000 at the time of the last United States Census, Baltimore is the perfect retirement spot for senior citizens who want to indulge in city living during their Golden Years. A historic seaport location, the Baltimore seaport held great importance. The city’s Inner Harbor is a lively place, with many shops, the National Aquarium, and other attractions to its name.
2. Hagerstown
Insider Monkey Score: 88
Livability: 77
Cost of Living Index: 92.8
Median House Price: $234,000
Rounding off our top two pick is the Washington County city of Hagerstown. The city offers retirees a lower-than-national-average cost of living along with a rich history that is incorporated in Hagerstown’s many museums. Hagerstown is also big on the food scene, with highly-rated restaurants such as Rik’s Cafe and Sakura Japanese Steakhouse and Sushi Bar being located in the city.
1. Cumberland
Insider Monkey Score: 100
Livability: 78
Cost of Living Index: 79.1
Median House Price: $119,000
Our best pick for the best places to retire in Maryland is the city of Cumberland. The city is best known for once housing former US President George Washington’s headquarters and also for being the site of the first National Road of the United States. Residents will also rejoice at the city’s low cost of living – a considerable 20.9% lower than the national average. Not only does this make Cumberland a great pick for retirees living on small monthly budgets, but it also encourages individuals to spend more on their wants.
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 30 Countries that Receive the Most Aid from UNDP and 15 Largest Beer Companies in the World.