According to Where to Retire Magazine - Portsmouth New Hampshire has been named among the top 8 places to retire in America. Editor Mary Lu Abbott said retirees should carefully consider state and local taxes before relocating. Portsmouth is among towns with a lower than average tax burden on retirees. She said "in states that have no income tax you may encounter higher local taxes." A low-tax town can save retirees several thousand of dollars a year. Other cities on the list are Port Townsend, Washington; Kalispell, Montana; Ashland, Oregon; Carson City, Nevada; Oxford, Mississippi; Vero Beach, Florida; and Abingdon, Virginia.
Even though the City of Portsmouth is seen as an attractive place for retirees not everyone agrees. Local demographer Peter Francese warned about the seacoast and state becoming unbalanced in its age distribution. Among concerns he cites is the loss of younger workers who are priced out of the housing market. According to the Census of 2010, Portsmouth lost 3 percent of it's under 18 population from 2000 to 2010. City homeowners under age 35 decreased 14.7 percent and ages 35 to 44 by 13.9 percent from 2000 to 2010. The city of Portsmouth home owner population age is 55 to 64, surged 42.6 percent.
Statewide, New Hampshire is the fourth oldest state in the nation with an average age of 41.1 years. This is up from 39.3 years in Census of 2000. Maine is the nation's oldest at 42.7 years. The average age of the national population is 36.8.