Maryland Ranks 6th Worst State for Retirement
Do you like retired life in Anne Arundel County? Tell us in the comments.
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According to the American Association of Retired Persons (AARP) and Money-Rates.com, Maryland is the sixth worst place to retire in the United States.
But that hasn’t stopped more than 94,000 people older than 60 who call Anne Arundel County home, according to the 2010 census. The number means approximately 17.6 percent of the county’s entire population are of the retiring age according to Mary Felter, public information officer for the county’s Department of Aging and Disabilities.
Since the mid-1990s, the average retirement age has risen from 62 to 64 for men and 60 to 62 for women, according to www.money.usnews.com.
However, according to publications, Maryland isn’t an ideal place to retire.
Money-Rates.com used a specific set of criteria in determining ideal retirement states, and Maryland ranked relatively low on almost all the categories. Ranging from economic factors to the state’s climate, Maryland didn’t stack up well based on retiree’s desired circumstances, according to the website.
One of the primary reasons for Maryland's low ranking is because of the high cost of living.
According to Money-Rates’ ranking system, Maryland’s life expectancy is set at 76.3 years, a number lower than most states. Maryland’s violent crime rate is also among the 10 worst in the nation, another detractor for the Old Line State.
Despite Maryland's low ranking, the Arnold Senior Center on Church Road in Broadneck benefits from an active community of seniors. A number of events and activities are hosted by the Department of Aging and Disabilities, scheduled throughout each month. This weekend, Arnold seniors are taking a trip to the Strawberry Festival in Lahaska, PA.
Maryland only finished better than Alaska, Connecticut, Massachusetts, Michigan and Maine.
If you’re retired in Anne Arundel County, tell us in the comments why you like living in Maryland?
Safety first
8:31 am on Saturday, May 5, 2012
Can't wait to move from MD. Taxes are just to high.
LevelheadedOne
9:01 am on Saturday, May 5, 2012
Lots of money leaving the state due to the tax structure. Sort of obvious to anyone why it's not a good place to retire to. Raise the taxes, more money leaves the state=state loses more income, not takes in more. It's just plain math, don't know why those who make those decisions don't get it- (O'Malley).
SUSIEBBT
10:42 am on Saturday, May 5, 2012
MADE PLANS TO LEAVE FRIENDS AND FAMILY BECAUSE OF HIGH COSTS. MAKES ME SAD. PLENTY OF PEOPLE LEFT TO DRAIN MONEY FROM. MINE WONT BE MISSED. MD COUNTING ON THAT.
Grandy A
8:18 am on Monday, May 7, 2012
Thanks Frank and Jonathan, for bringing this to our attention ... quite an eye-opener! But I notice that you try to add a positive spin (2nd paragraph and info about Arnold Senior Ctr) to very negative info. And even tho you say "...according to publications..." you only comment on Money-rates.com. I plan to visit that site as well as AARP's to get the full story.
And I see that no one yet has added "...comments why you [retired folks] like living in Maryland..." Although not yet retired, but soon to be, let me offer my main reason .... being close to children and grandchildren.