Maryland Retirement Guide

Are you searching for some of the best places 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. Maryland's growing population was just over 6 million in 2019 with a median age of 38.8. The population over 65 years or older is 15.4 %. Its biggest city is Baltimore,and it also 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. Updated June 2021.


Maryland Climate
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 a median household income of $84,805. It has the 8th highest cost of living of any state. The median home price in Maryland in 2021 was $362,347 (Zillow). Prices can range greatly - in th Baltimore/Towson Metro the median home price was $329,800 in early 2021 (NAR). Annapolis home prices are higher  $501,257(Zillow Home Value Index), reflecting its desirability and affluent population.

Maryland Taxes

Tax Burden: At 10.9% the tax burden here was 7th highest in the nation in 2012, according to the Tax Foundation.

Marginal Income Tax Rates. The highest tax rate of 5.75% kicks in at over $300,000 for couples; the lowest rate is 2%.

Retirement Income Exemptions. In 2021 some residents over 65 can deduct up to $34,300 of their pension income (out of state pensions not included). Retired military personnel over 65 can deduct up to $10,000 of their military pensions, $5000 if younger than that.

Social security exemption. The state does not tax social security.

Sales Tax: Sales tax is 6%; local authorities are not permitted to collect additional sales tax.

Property Taxes: Property taxes are among the highest in the nation, although it is in the middle in terms of % of assessed value and median income. The median property tax paid is 01.04% of the owner occupied housing value. There is a Homestead program for homeowners of all ages; in effect it is a circuit breaker program where taxes cannot exceed a certain percentage of the homeowner's income. Per capita property taxes were $1623 in a recent year according to the Tax Foundation.

Homestead Exemption. There is a homestead exemption. 

Estate and/or Inheritance Taxes. Maryland has both an inheritance and an estate tax the only state have both. The inheritance tax is not subjected on close family members of the deceased. 

Link to the Maryland's Taxes page

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



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