Maryland offers a decent array of options for retirees, with some standout features. The state has low income taxes, social security exemptions, and better than average weather. Additionally, there are low sales taxes (7th in the coutnry) and the 2nd best health care system in the country! The cost of living is a bit higher than in some other states, as is housing and that’s compounded by a higher than average income tax, but that’s offset a bit by having full exemptions on social security.
Maryland offers the 2nd best health care in the country and for retirees that need a robust system it’s really hard to ignore. While there are other things to consider when retiring to Maryland, we were blown away (or maybe we weren’t) by how great the weather was overall considering it’s location on the map.
When you’re considering the 25th best state to retire to you understand that it does not rank highly on several important factors for retirees. These include income tax (36th), real estate options and cost of living (41st)). Retiring to Maryland (and any state lower on this list) is going to be situational. There’s not a single metric that eliminates Maryland from discussion (like say Alaska) but everythng is expensive and there aren’t really good exeptions except for social security.
Best Retirement Cities reviewed all 50 states against 10 different retirement criteria to determine what was truly the best state to retire to.