Exeter, Portmouth and Milford top a list of the best places in NH to retire. To find the best places, SmartAsset gathered data on three separate regional factors that affect the quality of life for retirees, including tax-friendliness, medical care and social opportunities.
First, they looked at state and local tax rates, considering two types of taxes: income and sales. Smart Asset calculated effective rates based on a retiree earning $35,000 annually (from retirement savings, Social Security and part-time employment). It subtracted income taxes paid from the gross income to determine disposable income. Sales taxes paid were calculated based on the disposable income being spent on taxable goods.
Next, SmartAsset determined the number of doctors’ offices, recreation centers and retirement centers per thousand residents in each location. Finally, we measured the number of seniors in each city as a percentage of the total population.
More details on the study, including the methodology and interactive map, can be found here: https://smartasset.com/retirement/retirement-calculator#newhampshire.
Current Issue - April 2024