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retire

Finding the Best Places to Retire Since 2006!

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Retire in Old Saybrook, Connecticut?

Perched at the mouth of the Connecticut River where it meets Long Island Sound on Connecticut's mid-coast, beautiful Old Saybrook oozes understated New England charm.    It dates from the early-1600s and was for many years the home of actress Katharine Hepburn.

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Low density neighborhoods are nestled between creeks and marshes and dotted with lovingly maintained historic cottages, saltboxes, Victorians and Cape Cods.  The 17 miles of coastline and two beaches give residents plenty of opportunities to enjoy the water. Seven marinas serve all kinds of pleasure boats, but a large sandbar at the mouth of the river has kept Old Saybrook from becoming a bustling seaport.  The delightful downtown along Main Street has bookstores, pubs, seafood eateries, a farmers' market, the library, lots of flower pots and more.  The busy historical society offers tours, a lecture series, and genealogy classes.  The Kate, named after Ms. Hepburn, is an arts center and theater that attracts nationally recognized music, comedy and theater performances.

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Locals enjoy hiking trails in the Great Cedar Conservation Area and the Clark Community Park. Birding is a popular pastime at Fort Saybrook and the McKinney Wildlife Refuge.  Old Saybrook is less than an hour from Yale University's cultural offerings. 

Population:  10,500 (city proper)

Percentage of Population Age 45 or Better:   50%

Cost of Living:   18% above national average

Median Home Price: $485,000

Climate:  Summer temperatures are in the 70s and 80s, and winter temperatures are in the teens, 20s and 30s. On average, the area receives 38 inches of rain and 25 inches of snow each year.

At Least One Hospital Accepts Medicare Patients?  No, but Lawrence and Memorial Hospital in New London, 15 miles away, accepts Medicare patients.

At Least One Hospital Accredited by Joint Commission?    No, but Lawrence and Memorial Hospital in New London, 15 miles away, is accredited.

Public Transit:  Yes, and a dial-a-ride service is also available. Amtrak service takes commuters to New York and Boston.

Crime Rate:   Below the national average

Public Library:   Yes

Political Leanings:  Liberal

Is Connecticut Considered Tax Friendly for Retirement?   No

Cons:  None

Notes:   Old Saybrook has maintained its population during the last decade. Home prices have increased 18% since last year.

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Recommended as a Retirement Spot?    Yes

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Connecticut:

The Nutmeg State became the 5th state to ratify the U.S. Constitution on January 9, 1788. Although it began its history as a farming community, Connecticut's major businesses were textile and machine manufacturing by the mid-18th Century.

The state continues to be a major producer of engine parts, electronics, helicopters, and computer equipment. Hartford has become a world capital for insurance companies. Connecticut's shore also draws tourist dollars from boating enthusiasts and summer vacationers.

The Connecticut Valley lowland divides the state into two highland areas. The more rugged western highlands have the Taconic Mountains and is drained by the Housatanic and the Naugatuck. Although the state's climate is moderate, it can receive up to 45 inches of snow per year and hurricanes have caused flooding along the coastline.

Connecticut was an early adopter of the Industrial Revolution. Connecticut's first blast furnace was built in 1762. The country's first operating steel mill opened its doors in Simsbury in 1728. Thomas Sanford, resident of Beacon Falls, created the first friction match.

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