Seems like a lively place to retire...
IF you can afford to live there.
I love my grandchildren, and watching them grow up, and having them over, and all .... A great thing, and I wouldn't swap the experience for anything.
But in another time-line where I didn't have grandchildren, I'd already be living on the IOM.
Three years after the 2008 BSA International on the IOM, son Alec and I went to the IOM and spent 10 days during GP
race-practice week to watch the racebikes run. Due to the amazing generosity of Geof Staples (R.I.P.), we stayed in a 300-year-old Manx cottage in the village of Kirkmichael that had been in his family since the 1700s ... two rooms over two, I'm guessing 900 square feet total with a bath and a small kitchen (like a ship's galley but you could really cook in it). Parlor and a small bedsitter downstairs, two bedrooms and the bath upstairs, very livable. The back garden had a small shed for one car or two bikes, and was a typical "English" garden - flowers and bushes 6 feet high with narrow paths.
The yellow double no-parking lines in the front, meaning "No Parking On The Mountain Course", were partly on the front of the house. If you opened the front door and stepped out one step during a race, you'd get run over by a race bike. It had a lovely patio on the side that actually extended into the road, on which you could sit and grill sausages and sip a beverage while the race came by 6 feet in front of you.
The grocery store and the butcher shop were a short walk up the street, so we accommodated the fact that the refrigerator was the size of a suitcase by just buying what we needed each day. A nice little beach was a half-mile or so down a side road.
At any rate, Geof passed away the year after we were there. Since there was no one else in the family that wanted the house, it was put up for sale for $390,000, which considering the location, the history, and good structural condition, I thought was a bargain. Fay and I discussed it at length, but we finally declined to act.
If I were living there quietly and privately, I could do it easily on my present pension. I wouldn't own a car - I'd have a light motorcycle, and the busses and trains take you across the island if you like. We checked out prices for basics like food, insurance and rates/taxes, and although the VAT adds a bit to it, I've lived happily on a whole lot less. I'd have to leave my guns back here, but when in Rome, etc etc.
There's a lot to be said for it for a motorcycle lover. On the other hand, there seems to be a bit of a reaction setting in now that the 263rd guy has been killed in a bike race since they started in 1908 - that's 5 guys every two years. Maybe if they just keep the speeds under 200 MPH ..... ?