By now, you already know that every city has its pros and cons. There is no inheritance tax. With a strong economy offering job opportunities in industries like healthcare, education, finance, and tech, Boston provides a fertile ground for building a successful career. Pros and Cons of Retiring in Massachusetts, Pros And Cons Of Being Your Own Registered Agent, Pros And Cons Of Retiring In Palm Springs, Pros And Cons Of Acacia Hardwood Flooring, Pros And Cons Of Navy Federal Credit Union, Pros And Cons Of Social Emotional Learning, Enjoy a Quiet Retirement in Massachusetts, Consider the Benefits of Retiring in Massachusetts, Uncover the Downsides of Massachusetts Retirement, What You Need to Plan Before Retiring in Massachusetts, Factors to Consider When Choosing Where to Retire in Massachusetts, Explore All the Options Before Retiring in Massachusetts, Pros and Cons of Colonialism | Exploring the Legacy 2023 - Ablison. Cambridge is a pretty affluent place and themedianhouseholdincomehere is $75,900 a year. With warm temperatures and occasional hot days, its a lovely respite from the colder months. As you retire, you now have the perfect opportunity to head outdoors and explore what's around you, and Massachusetts offers it all. If youre a food enthusiast, youll love the Boston food scene. When it comes to choosing where to retire in Massachusetts, there are a few things to consider. State Guides | massachusetts Retirement Guide With Clever: You'll work with a full-service realtor from a top broker You'll earn cash back on qualifying purchases It's free, with zero obligation you can walk away at any time Fill out the form below to get started! We understand that product offers and rates from third-party sites may change, and while we make every effort to keep our content updated, the figures mentioned on our site may differ from actual numbers. In 2004, they became the first state in the nation to legalize gay marriage after huge collective movements and demonstrations across the state. Massachusetts has a diverse and dynamic economy, with many opportunities for employment and If escaping into the great outdoors is your thing, then youll be spoilt for choice here. Plus, with a low cost of living and plenty of affordable housing options, youll find it easier to live comfortably on a fixed income. Crowded Cities: Some cities, such as Boston, can be crowded and congested, which may not be ideal for retirees who prefer a more relaxed lifestyle. Key points. However, before you make the decision, be sure to explore all your options and consider the pros and cons of each. The historic charm abounds in the area with many museums and older home tours, as well as a grist mill. Popular destination for retiring boomers and people priced out of MA 2. 27 Jun 2023 17:46:35 According to Leisurecare.com, the state has a booming economy and is a great place to start up a company or go into a second career. Bostons high population density in a relatively small area can make the city feel quite crowded, especially during the school term. WebWhether youre looking for a vibrant city life or a more rural setting, this diverse state has something for everyone. Ready To Be The Top Sellers In Your Neighborhood? Money that you can use to pay for your big move. Towns with a population between 6,000 and 10,000, yet with a rural or sparse suburban feel, include Chatham and Brewster. Seafood abounds with fresh fish, clams and lobster, or one can fall in love with the small-town quaintness and charm of areas that offer a wide range of shops and other amenities. For those looking for a vibrant city life, Boston and its surrounding areas are a great option. And thats not it. Beautiful Scenery: Massachusetts is home to some of the most beautiful scenery in the country, including the Berkshires, Cape Cod, and the islands of Martha's Vineyard and Nantucket. Its diversity guarantees a Massachusetts community where you can be happy in retirement. Whether you love film, drama, music, or history, there is something for everyone in this culturally-alive state. Winchester is home to Mystic Lakes, a favorite gathering spot all year round. However, if you need a little more convincing, here are some of the pros of retiring in Massachusetts. Boston is a paradise for those who love to immerse themselves in cultural experiences. But the best time of the year in Massachusetts is fall. All Rights Reserved. Estate and/or Inheritance Taxes. Lets take a look at some of the stranger laws from the Bay State. Linkto Massachusetts Department of Revenue. Finally, dont forget to look into housing options and budget for any potential home renovations. This family-friendly town has an impressively low crime rate too; statistically, its 84% safer than other towns, villages, and cities across America, and 73% safer than the already relatively crime-free state of Massachusetts. For starters, the state has a wide range of recreational opportunities, from skiing and snowboarding in the winter to sailing and swimming in the summer. For starters, the cost of living is higher than the national average. North of Boston, the coastal town of Newburyport also gets high grades for retirees, as does Lenox in the mountainous Berkshire region of Western Massachusetts. High He has been featured in Inman, Readers Digest, Fox News, American Express, Fit Small Business, Policy Genius, Lending Tree, GoDaddy, Manta as well as other major websites. We are a publishing team of licensed Nursing Home Administrators, Nurses, Assisted Living Directors, Health Professionals, Gardeners, and individuals with vast experience with senior living and activities. While there are several amenities that the state has to offer, they come with a hefty price tag that is often not affordable for an average retiree. This striking peninsula pushes right out into the wilds of the Atlantic Ocean and contains over 560 miles of stunning coastline to explore. If you have a car, this could certainly be a significant disadvantage. Brewster, with a median home price of $450,200, is an interesting location which includes Brewster Flats. Lovers of culture will also adore living in the Bay State. ISoldMyHouse.com has 3 ways for you to sell your house and NOT pay high commissions. In the western part of the state, with the Five College Learning in Retirement program, seniors can take courses at Amherst College, Mount Holyoke, Smith College, Hampshire College or the University of Massachusetts at Amherst. This state has the number one healthcare access in the entire US, according to US News and World Report. Its something to bear in mind when moving to the city. Thank you! East Sandwich has a rural feel, with the median home price at $496,800. Moreover, some places, including Buzzards Bay and Barnstable, have some of the best oysters worldwide. Con #1: The Cost of Living Can Be High. When we remove housing from the equation, things look MUCH less bleak. Living in Boston is more expensive compared to many other cities in the US, which might be a bit of a bummer for budget-conscious individuals. With its walkable neighborhoods, Boston promotes a healthier lifestyle, reducing carbon footprints and encouraging outdoor activity. Traffic in Massachusetts can be terrible. On the other hand, if youre a night owl, you might find Bostons nightlife lacking. The Knit app also allows you The state's small land size and high population density contribute heavily to traffic congestion. Feel free to hire exceptional residential movers MA and come on over. Federal, military, state, and local pensions are exempt. But if you value sunshine, affordability, and easy driving conditions, living in Boston might not be for you. Thankfully, this desirable spot is a heck of a lot more affordable than many on our list; the average home price here is around $344k. The state is home to several high-tech manufacturing industries and traditional trade, fishing, and agriculture. While there are several benefits of retiring in Massachusetts, the idea doesnt come without a few disadvantages. If youre on a budget, avoid buying a home in June or July. Provincetown also has a large LGBTQ community and is the home to the nations oldest gay bar, The Atlantic House. 2023 All Rights Reserved. Right at the very tip of Cape Cod is the picturesque tourist hub of Provincetown. Popular destination for retiring boomers and people priced out of MA 2. Beaches are on Cape Cod Bay, and there is also a fish hatchery and many other amenities to provide some fun or exploration. Retiring in MA? Here's What It Will Cost You - Patch Cultural Attractions: The state has a rich cultural heritage and offers a wide range of cultural attractions, including museums, theaters, and historic sites. This means that you might need to be more budget conscious when it comes to retirement planning. Scenic 3. Money that you can use to pay for your big move. Massachusetts has a diverse landscape, but the only thing more diverse than the landscape is the state's cultural history. Pros Bountiful beauty. Objective facts and useful details on why these towns are the top retirement communities at Topretirements, Get started with the best Mass. However, before you make the decision to retire in Massachusetts, there are some important pros and cons to consider. to Retire Its forbidden to drive with a gorilla in the backseat of your car. Further away you get from Boston or the Cape the prices will lower.. Chatham also has a median home price of $668,500. As well as all the usual activities you can do by the shoreline, such as surfing, kayaking, fishing and sunbathing, make sure you take a trip to Old Bluffs. The best way to spot these majestic creatures is to take a boat tour from Provincetown or Gloucester, as well as several other spots in the Cape Cod area. The good news is that health expenses in the state are 16.3% below the national average. Transportation costs including gas, car insurance, vehicle maintenance costs, and associated taxes and license fees come in at 7.9% above the national average. Around 22,000 people call this neighborhood home, and the vast majority of them are families who gravitate to the area for the truly excellent public school system- Great Schools even awarded it the highest possible grade, 10 out of 10. Our team works hard to recommend the best products for your needs. Finding a parking spot in the city can be like finding a needle in a haystack challenging and pricey. The traffic is heavy, and the weather is incredibly cold during winters. Massachusetts harvests some of the best seafood: shellfish, lobsters, mussels, and scallops. Pros and cons Old, unregulated housing stock 3. Although property here is cheaper than NYC, living downtown is still pretty expensive; the median home price in the city clocks in at around $636,000. The tech industry has also been booming here in recent years, with around 300,000 people working in jobs like app development and programming. Further, those retirees that plan on working part-time throughout their Golden Years or that are looking to start a new venture, may be able to supplement their income to make it worthwhile. Housing Is Affordable The cost of living in Vermont is affordable in comparison to the United States as a whole. Property taxes are also above average in Maine. Bostons prestigious Brigham & Womens Hospital is the second-largest employer, with around 13,400 employees on the books. QuickBooks Payroll pros and cons Pros. Living in Massachusetts comes with endless opportunities for almost everything. Overall, retirees who are looking for a high quality of life, rich cultural offerings, and access to quality healthcare may find Massachusetts to be a great place to call home during their retirement years. March 14, 2023 New Hampshire is a good place to live, especially after retirement. High property taxes 2. If you find yourself looking for employment in MA, chances are these companies are hiring across a broad range of disciplines and career paths. Moreover, the seniors retiring in Massachusetts can also participate in. Hip coffee shops occupy historic buildings with gorgeous architecture, and Gen Z-ers with their AirPods stroll the same streets our Founding Fathers once did. comprehensive public transportation system, Tenants Guide to Providing Proof of Income, The 24 Pros and Cons of Living in Boston, Massachusetts. It includes one of Americas oldest cities, Boston, charming sea coast villages on Cape Cod, and rural towns in the western part of the state leading up to the Berkshire Mountains. Read more about ushere. Homestead Exemption. The state also ranks one of the lowest onproperty crimes, and your risk of becoming a victim of property crime is slightly above 1%. This means the hospitality industry is also thriving here, with a huge amount of great restaurants and bars all over the state and customers with plenty of money, its a winning combination.
