North Carolina has become one of the best retirement states in recent years. However, although higher than the national average, the murder rate in North Carolina is much lower than in South Carolina.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'retirefearless_com-leader-3','ezslot_12',146,'0','0'])};__ez_fad_position('div-gpt-ad-retirefearless_com-leader-3-0'); The fact is that not everything is rainbows and butterflies in the Old North State. Happiness in retirement is the main goal, and having the right information allows us (and you) to achieve that. Overall Score. 5 Reasons to Consider Buying a House in Boone, NC The summers are good for the beach, while winters are good for skiing in the mountains. The state is best known as the birthplace of Aviation, irresistible barbecue and friendly locals theres so much to love about living in North Carolina. The similarities end with the choice of meat (both use pork), from there the methods differ. It can balance out somewhat, however, since the cost of living and affordability of North Carolina is significantly lower than some similar states that also tax retirement income. And often the most popular choice within the southeastern United States is a toss-up between North Carolina and South Carolina. Pros & Cons of Living in Asheville . Five-star service. There aren't enough regular buses, trains, and other means of transportation to allow you to travel and explore different areas of the state. COST OF LIVING North Carolina United States Overall 90.6 100 Grocery 96.5 100 Health 107.5 100 Housing 81 100 Contents1 [] The cost of senior living in North Carolina is fairly consistent across the state, coming in at $3250 per month for assisted living care, below than the national average. Retiring in Asheville, NC: Reasons, Best Places & More! For those who may be thinking about spending their retirement years in South Dakota, there are plenty of pros and cons to consider. Around 14% percent of residents live in poverty, typically leading to increased criminal activity. According to the U.S. News and World Report, Charlotte is viewed as an excellent retirement destination. North Carolina compensates for its affordable cost of living by putting a significant tax burden on its citizens. North Carolina is certainly an interesting state. Mild Weather Year-Round #3. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'retirefearless_com-leader-2','ezslot_11',135,'0','0'])};__ez_fad_position('div-gpt-ad-retirefearless_com-leader-2-0');North Carolina has relatively low property taxes. With its picturesque beauty, stunning coastline, and southern hospitality, it isnt hard to see why North Carolina draws people from all over the country. Were you able to find the information you were looking for on RetireGuide.com? The first option is to live inland as the worst effects of the hurricane can impact you in the mountains, while the other option is to buy an insurance plan that covers all aspects of hurricane damage. Essentially, the public transport in North Carolina doesnt cover a huge ground and is rather under-serviced, so it becomes particularly tricky to get from one place to another without a car. Otherwise, it will be difficult to visit the beautiful beaches and mountains. While most of these are meant for hikers, there are options for mountain biking or horseback riding. With that said, after researching one too many US states with retirement potential, I decided to dig deeper into the hidden wonder that is North Carolina. That data found the median monthly mortgage cost was $1,314, and the median two-bedroom rent was $878. But North Carolina also displayed a high prevalence of food insecurity and people commonly avoiding seeking health care due to the cost. One of the most significant advantages of retiring in South Carolina is the low cost of living. In fact, there's a large contingent of residents called "half-backs," who spend winters in Florida and summers in the Carolina mountains. You havent lived until youve tasted the irresistible temptation that is vinegar barbecue, its life-changing. This could include having an evacuation route and plan and supplies to ride out the storm. Although the good news is that Maine . As the younger population flocks to the more happening and exciting states, they often miss out on the beauty that is NC. Your web browser is no longer supported by Microsoft. The lack of proper public buses, trains, and other modes of transportation make it challenging to travel and explore different parts of the state. (30) Living in North Carolina (99) Living in Ohio (11) . However, although higher than the national average, the murder rate in North Carolina is much lower than in South Carolina. Small City . Alissa has been working in marketing and the senior living industry for over ten years. March 2023 Blog Posts - EZ Search Real Estate Blog According to a report from the Missouri Economic Research and Information Center, North Carolina ranks 22nd nationally in cost of living. One option that stands out is Hendersonville. Truthfully speaking, the friendly community feel took some adjusting at first because Ive mostly lived in large cities where being greeted by name was deemed unusual. The good thing is that they are more than willing to welcome newcomers with open arms. Its not uncommon to walk into a supermarket, cafe or restaurant and be greeted by name if youve lived in the town long enough. North Carolina is home to a thriving arts and culture scene. North Carolina VS South Carolina - Which One is Better - Movingist The only downside to the easy going vibe is the lack of ambition you may come across from time to time. Simmons, C. (2023, February 20). 201-447-2212 171 E. Ridgewood Ave. Suite 205 Ridgewood, NJ 07450 Unfortunately, North Carolina is located in an area susceptible to hurricanes. First off, accommodation is the biggest expense that any states residents have to incur. But dont just take my word for it, with an unemployment rate sitting at 3.8%, North Carolina isnt one of the easiest states to find work. If youre hoping to stay in touch with civilization in retirement, this city offers everything from a great culture to major sports teams and events while still giving you the chance to experience seasonal weather with mountain ranges and nature activities nearby. Unlike Eastern style BBQ, the meat is part of the party, but not the whole show. According to the Census Bureau, both states ranked in the top five for net migration of people aged 60 and older. All this to say, both the outdoor recreation and road trip possibilities are endless while living in North Carolina. For instance, if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'retirefearless_com-large-leaderboard-2','ezslot_15',113,'0','0'])};__ez_fad_position('div-gpt-ad-retirefearless_com-large-leaderboard-2-0');Duke University Hospital is among the best in the country. As far as overall health in the state, the United Health Foundation ranks North Carolina 33rd nationally in 2021. 4 Full Seasons Cons of Retiring in West Virginia 1. No matter which sport you love, North Carolina has it. Pros of retiring in North Carolina All four seasons. Speaking of, heres a locals tip: Purchase these bad boys before moving to North Carolina. Retrieved from, U.S. News & World Report. It can be exciting to move somewhere new, start fresh, and . The hurricane season hits North Carolina from June to November. Obviously your lifestyle with depend on your way of life in North Carolina. 1. The sales tax rate in North Carolina is 4.75% across the state, although county and local taxes can add to it. South Carolina Low Cost of Living. North Carolina ranks 19thamongst states with the highest per capita tax. Resorts are spread throughout the mountains and many are open for skiing in the winter and hiking in the summer. The famous Blue Ridge Parkway runs for 469 miles through the Appalachian Mountains. Something went wrong while submitting the form. With a B.S. Moving to South Carolina? Here's Everything You Need to Know - 55Places.com Cities such as Raleigh and Charlotte have a public transportation system, but they lack the convenience that other cities, such as Chicago or New York, offer. Enter North Carolina, sweet North Carolina. Summers on the beaches, winters in the mountains, breathtaking views in the fall, and beautiful blooms in the spring North Carolina has it all. And while seasonal weather is a benefit to some, other retirees may simply want to move far enough south to never even have to think about snow again. Most pay between 6.75% to 7%, although there are a handful of counties where the rate is 7.5%. With that being said, the low cost of living may be less relevant, depending on how much money you have for your retirement. The median home price in Myrtle Beach is $216,000, and rent also . By 2026, the individual income tax will drop to 3.99%. You may be surprised to learn that the home of Duke University and University of North Carolina at Chapel Hill might value public education enough to fund it, but no dice. With over 300 miles of beaches, you are sure to find one you love. Home to a population of nearly 10.5 million, North Carolina is the 9th most populous state in the country. Theres something for everyone! Many of our communities include a wide range of amenities including. Cons of Retiring in North Carolina Threat of hurricanes. But thats not all there is to this wonder.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'retirefearless_com-medrectangle-4','ezslot_6',109,'0','0'])};__ez_fad_position('div-gpt-ad-retirefearless_com-medrectangle-4-0'); North Carolina has some majestic views, temperate weather, lower-than-average cost of living, above-average healthcare, and a welcoming population. Read More. [ See: The Best Places to Retire in 2022. ] According to WRAL, there are also several small mountain towns scattered throughout the state that can also appeal to retirees. For anyone who is looking for housing for themselves or a loved one who is a senior citizen, North Carolina has many options to choose from. More so, to celebrate their states rich and abundant history, North Carolina actively funds and looks after the many museums and historical sites in the state. One of the most significant drawbacks of retiring in North Carolina is the lack of a public transportation system. With over 300 miles of barrier coastline and beaches, there are plenty of swimming, fishing, and boating opportunities. With some of the countrys best university medical centers in the country, fortunately, North Carolina delivers well in this regard. For instance, Duke University Hospital is among the best in the country. If it sounds appealing, start looking at these 16 top cities in NC. While many of these trials are for hikers, you can also easily come across some excellent trails where you can enjoy horse riding or mountain biking.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'retirefearless_com-large-mobile-banner-2','ezslot_9',145,'0','0'])};__ez_fad_position('div-gpt-ad-retirefearless_com-large-mobile-banner-2-0'); One of the most popular trails in the state is the Appalachian Trail. Copyright © 2023 The Honest Local | This post may contain affiliate links - read our Standards, Corrections, & Privacy Policy. It also has a lot to offer retirees, from big cities to tightknit mountain communities. The average effective property tax rate in North Carolina is 0.77%, well under the national average of 1.07%. Thank you! You never know when the threat will come to fruition so youll want to be prepared. If youre considering retiring in North Carolina but still require some convincing, Ive lined up more than a few reasons to help you make a decision.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'retirefearless_com-banner-1','ezslot_8',112,'0','0'])};__ez_fad_position('div-gpt-ad-retirefearless_com-banner-1-0'); If youve spent most of your life living and working in a metropolitan city, the best thing about retirement is the opportunity to pack up your life and move to a quiet place with majestic views. While the people whove been living here for a long are prepared for these types of disasters, those who are unprepared can often be severely injured or embrace mortality due to touching downed wires or getting swept up in flood. Social Security Income is exempt. It has an old town feel and is very affordable, giving older adults the chance to retire in a charming town with great scenery. If you havent yet, you must ask yourself if retiring in North Carolina is a good option for you.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'retirefearless_com-medrectangle-3','ezslot_3',110,'0','0'])};__ez_fad_position('div-gpt-ad-retirefearless_com-medrectangle-3-0'); The truth is that North Carolina is one of the most beautiful and fairly reasonable states in the United States. In cities like Charlotte and Raleigh, the winter lows rarely dip under 35F. Is North Carolina a good place to retire? 20 Pros and Cons of Living in Raleigh, NC - Vittana.org When it comes to retirement, there's a lot to consider. You will need to invest in a car to get the most out of living in North Carolina. Youve come to the right place. A few of the most popular include the Riverfest Music Festival, the NC State Fair, and the Charlotte Folk Festival. Our fact-checking process starts with vetting all sources to ensure they are authoritative and relevant. The state is 560 miles wide from east to west! The moderate temperatures mean that the outdoors can be enjoyed year-round, keeping retirees active and engaged. Come and see how Leisure Care communities are helping seniors rediscover (and sometimes reinvent) themselves. A website run by locals in various cities, with the hopes of making big life decisions a little easier on you. Then we verify the facts with original reports published by those sources, or we confirm the facts with qualified experts. North Carolina Pros And Cons - 771 Words | Internet Public Library Residents 65 and older can deduct up to $12,000 per person of retirement income, subject to income-eligibility limits. The 7 Best Places to Retire in North Carolina - msn.com Although North Carolina has several world-renowned hospitals, not all citizens have the same level of access to health care. The beaches are stunning and bring many families back year after year a great way to start a new family tradition. When evaluating the cost of senior living first think through your current expenses because so much of senior living is all-inclusive. One of the benefits of retiring in North Carolina is that the state offers tax breaks for seniors. So, if you plan on starting a business during your retirement years, youll be paying around only 2.5% corporate tax. Based on Sperling's Best Places Index, North Carolina is 9% cheaper than the overall national median. Between the breathtaking Appalachian and Blue Ridge Mountains, youll be spoiled of choice. Aging in America Rankings. The access to nature and plethora of outdoor recreational is hard to beat. Unlike most other states, North Carolina taxes groceries. Raleigh, the state capital, could also be a suitable retirement destination that includes many big city offerings without quite as much activity as Charlotte. The cost of living index for Myrtle Beach is 93, which means that it's 7 percent cheaper than the national average. Ready to Retire in North Carolina? Check out these Pros and Cons. With lower than average rents, reasonably-priced food options, and free activities, retirees can save their dollars for other opportunities, such as traveling. And the next 10 years are predicted to bring even more growth. 22 Living in North Carolina Pros and Cons - Vittana.org One of the reasons people retire to North Carolina is the stunning scenery. Mission was ranked #6 in U.S. News and World Report's North Carolina hospital rankings. Regardless of your preference, know this: you cant go wrong but you better learn to defend it. . If youre moving to North Carolina with the hopes of escaping the grind and bustle of daily living, youll find reprieve. Retirefearless.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. Retrieved from, U.S. News & World Report. Miles of sandy shoreline mark the spot where our lovely state ends and the Atlantic Ocean begins. Travel Challenges 4. You can just as easily find a charming apartment in the city or a farmstead, if you so choose. The Pros and Cons of Retiring to Alabama Have you been thinking of retiring to Alabama? Housing, utilities, and transportation costs all fall below the national average while groceries and health care fall slightly above the national average. Thats our promise. Still, its worth pointing out, especially for those looking to grow their careers after moving to North Carolina. "North Carolina Retirement." In addition to the stunning scenery, the state has many parks and trails for retirees to enjoy. ; There are no social security taxes. Overall, North Carolinas health care is not bad by any means, but its also not close to the states in the top tier. District of Columbia costs $2,324 to rent. This is something to keep in mind if you're considering retiring to North Carolina. The parkway is a total of 469 miles and is world-renowned for its biodiversity featuring extremely rare habitats. Considering the states population and big cities, North Carolina has an affordable cost of living for many retirees. North Carolina may not be a state traditionally thought of when it comes to retirement, but its popularity is on the rise. Here, retirees can enjoy a more peaceful and relaxed pace of life. 2. North Carolina may traditionally be thought of by some as a rugged state filled with mountainous communities.