I think people have covered a lot of the pros and cons, but I'd like to add a couple of points. While I live in Suburbia here in the States, I grew up right on the edge of a small rural village in the North of England. By that I mean walk past half a dozen houses to the North, East or West and I was in open country side for miles. Head south into the village for shops etc. I also had a girlfriend whose parents were dairy farmers so spent time truly out in nature. Over here I have close friends who for the last 20 years have lived on eight acres a couple of miles down a dirt road surrounded by farms. There is a small sub-division close to them, but even they are a minimum of 2 acre lots.
My observations that steer me away from rural living in this country are:
Roads. In the UK the only dirt roads you find are private roads, all public roads are paved. Dirt roads SUCK. Your car is always dirty, your wheels are always out of balance from accumulated mud and it makes the winter salt issue so so much worse. Cars rust even faster in out of town than in town, and that's saying something here in the rust belt.
More Roads County roads in the UK are all aspiring tarmac rally special stages, rural roads here, in additions to being sucky dirt tend to be long straight and zero fun
Walking Public rights of way go back in some cases over 1,000 years in Europe. There were miles of pristine, beautiful paths through the country side, up over the moors etc. Glorious for walking and hiking. The paths pass through fields both arable and livestock so you need to be respectful, keep your dog on a leash where appropriate as you are walking across private land. Over here, there are no rights of way over private land so if you want to walk or hike, if you live in the country you need to jump in your car, drive down the long straight boring sucky dirt road to a park or similar. I've tried walking and running in the country here, it's terrifying. People flying past at 60-70mph in their pick-ups flinging dirt and rock as they fly buy. The irony is you live in nature, but don't have true access to it.
The People WARNING, Massive generalization from personal experience Where I grew up and most places in the UK, people who live in rural settings tend to be open, friendly people. I did warn you Over here, many seem to want to live in a rural setting to get away from people and often tend to be In my expereince more anti social. Walk trhough a farmers field in the UK and you'll get a tip of the hat and a 'Mornin. do the same here and you're heading for a 'WTF are you doing get off my property, or worse the wrong end of a shot gun. I hesitate to use stereotypes, but the camo covered Pick-up truck with gun rack, NRA and Trump stickers stereotype comes from somewhere. Each to their own, but they are not as a rule my type of people. Damn, why do I think I'm going to regret saying this even as I type it?
As I say, those are the things that stop me looking at rural living at least in SE Michigan and my current time of life. Whenever I'm out visting friends, once you get to the end of their property, I then feel isolated, but not in a good way. Back in the UK when you get to the end of the road I can walk for miles bumping in to people and having an idle chat or just enjoying the country side. That's a pleasant isolation, not an enforced one.
Having said all that, the retirement plan in 17-20 years is to move up to the Leelanau Peninsula on the edge of or just outside of one of the smaller communties (Possibly Empire for those who know MI) That way I am close to town, it’s all paved roads but we’ll also have easy access to hundreds of square miles of National park, National Lake shore, State parks plus the big blue wet stuff.
Not hating on other people’s views or opinions, just trying to add some personal experience.