New Market, MD 55+ Active Adult Retirement Communities

1 Community in New Market

Overview

New Market is a quaint town located in Maryland. The town charms locals and tourists alike with its assortment of antique shops and nearby vineyards. New Market is a drive away from larger city life in Baltimore and Washington D.C., offering locals more extensive entertainment options when desired.

Climate & Geography

The climate in New Market is classified as humid subtropical, which consists of four distinct seasons with hot, humid summers and mild to cold winters. The rainiest months in the area are May and June.

The town is situated on hilly land in western Maryland. Walnut Run flows through New Market. The city is northwest of Baltimore and Washington D.C.

Recreation, Culture, & Entertainment

New Market offers retirees a quiet, small town environment with laid-back living. As the self-proclaimed “Antiques Capital of Maryland”, New Market’s Main Street is decorated with antique shops. Further shopping options are available at Francis Scott Key Mall in nearby Frederick.

Locals looking to get out of the house will find that the area has plenty of opportunities to explore hobbies and interests. Nearby vineyards allow residents to enjoy wine tastings at their leisure, and golf lovers will appreciate that there are several courses in the area. Pinecliff Park, in Frederick, offers locals a scenic spot to enjoy nature, and allows boating in the Monocacy River.

Retirees can also take a day trip to Baltimore or Washington D.C. to enjoy convenient access to more extensive shopping, dining, and entertainment options. 

Cost of Living & Taxes

The overall cost of living in New Market is above the state and national averages, which is mainly due to the higher cost of homes and housing.

Income tax in Maryland can range from 2 percent to 5.75 percent, and local counties can levy additional tax. Property taxes are higher than average in Maryland, and Social Security benefits are not taxed. Sales tax in Maryland is 6 percent, which is on the lower end of average.

Health Care

While there are no hospitals in New Market, there are a few options in nearby cities. Frederick Memorial Hospital is rated as high performing according to U.S. News. Holy Cross Germantown Hospital is in nearby Germantown.

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