Retire in best Maryland retirement town
Are you planning to retire in Maryland? If so you can use this website to find data and opinions on the many existing and new Maryland active adult retirement communities and places to retire. The Maryland household population was 5.5 million in 2009. biggest city is Baltimore, it has delightful small towns, and many historic towns like Annapolis. Just about everywhere is near the water, particularly the massive Chesapeake Bay. The Wikipedia entry for Maryland has more facts.
The Maryland climate is called humid-sub-tropical. Summers are hot and humid and winters are slightly less cold than in the northeast.
Economy and Home Prices
Maryland is one of the wealthiest states in the United States, with household income just under $70,000 in 2006-2008. The median home price in Maryland in early 2012 was $217,500. Prices can range greatly - in Baltimore the median price of $238,800 in 2011 was much higher than the national median. Annapolis home prices are in the high $300's, reflecting its desirability and affluent population.
Maryland's top marginal income tax rate is 6.25%, although some cities add additional. State sales tax is 6.0%. Total tax burden in Maryland was 12th highest in the nation in 2009, according to the Tax Foundation. Property taxes are about average, and there is a both a circuit breaker program for the elderly as well as a tax deferral program. The state does not tax social security, and some residents over 65 can deduct a portion of their pension income. Maryland has both an inheritance and an estate tax. Click here to find details about tax benefits for Maryland seniors.
Certified Retirement Communities
Maryland does not have a certified retirement community program.
Best retirement communities in Maryland
Maryland is a highly desirable state for active adults and communities for people over 50. Active adults looking for retirement information on Annapolis will find vital information to help assess this colonial town and the home of the U.S. Naval Academy. Other "best" retirement communities include rural Leonardtown, the thriving beach town of Ocean City, or Salisbury in the heart of the Delmarva Peninsula.
Here is more inside information on retirement living communities in the neighboring states of retire in Pennsylvania, North Carolina, Delaware, New Jersey, Virginia, and Tennessee. These links provide insight and data into economic conditions, climate, top communities, and taxes.
Free eBook - Baby Boomers Guide to Selecting a Retirement Community - 16 Factors
Download this free eBook and use its fun exercises to help you find your perfect active adult retirement community.
Get started with reviews of the best retirement communities.
Click on the Maryland Retirement Community reviews on the right. Or to find other state guides to retirement or more on types of retirement communities