In sum, heres a quick roundup of the pros and cons of moving to North Carolina. Both the Carolinas rank pretty high on the list of potential retirement homes for seniors. The state has coastlines, mountains, and distinct regions that offer a variety of activities for retirees. North Carolina is a retiree's paradise when it comes to outdoor recreation. Pros of living in North Carolina 1. Pros of Living in Asheville #1. The summers are good for the beach, while winters are good for skiing in the mountains. As you think about it, the state does have a lot to love for retirement.The state's picturesque landscape,. However, the sales tax differs from county to county. It can be exciting to move somewhere new, start fresh, and . North Carolina may traditionally be thought of by some as a rugged state filled with mountainous communities. 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. To retire comfortably in the state of North Carolina starting today, you will need to have saved at least $65,000. The Appalachian Mountains stretch across most of North Carolina and provide many hiking trails. While most of these are meant for hikers, there are options for mountain biking or horseback riding. Here are the pros and cons of retiring to Asheville, North Carolina. Chicago Charlotte. Between the breathtaking Appalachian and Blue Ridge Mountains, youll be spoiled of choice. The cost of living in North Carolina is relatively low compared to other US states. A recent study by MIT found that a single adult (without kids) needs to make a minimum of $31,660 per year to live in North Carolina. With over 300 miles of barrier coastline and beaches, there are plenty of swimming, fishing, and boating opportunities. Here are 10 pros and cons of living in North Carolina to consider before making this state your home. Abandoning the city has its advantages, especially when considering the scenery. Exactly how much your monthly rate is will depend on the care being received, amenities being used, and apartment style chosen. 1.4 million of the states residents live in poverty, making NC the state with the 15th highest poverty rate. We appreciate your feedback. It came in as the 20th most-taxed state. Thank you! 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. From Sir Walter Raleigh landing in NC in 1587 to NC succeeding during the Civil War, this state has witnessed its fair share of nation-defining historical events. No matter which sport you love, North Carolina has it. The state does tax public and private pension incomes, 401(k)s, IRA, and other retirement accounts at the current income tax rate. All Rights Reserved. North Carolina is generally an affordable state. North Carolina compensates for its affordable cost of living by putting a significant tax burden on its citizens. MLA Find a job before moving to North Carolina is vital (especially if you plan to live in the rural parts of the state). I lived in the Old North State for 12 years and have definitely learned a few things about daily life in North Carolina. In North Carolina, there is no tax on Social Security Income, income taxes have been lowered a flat rate (and that rate has been decreasing), there is no State Estate Tax, and a low corporate income tax. North Carolina may be most known for its scenic mountain ranges, but it also has plenty of beach options with 322 miles of coastline. 201-447-2212 171 E. Ridgewood Ave. Suite 205 Ridgewood, NJ 07450 Central North Carolina's Piedmont region is home to the state's capital, Raleigh. Here's what you need to know about the state before you make your move. Pros and Cons of a Georgia Retirement. Charlotte, Raleigh, Durham, Morehead City, and Asheville had higher housing costs than New Bern, Fayetteville, Greensboro, and Jacksonville. 2. This could include having an evacuation route and plan and supplies to ride out the storm. 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. And the state has the added benefit of generally affordable housing and a low cost of living, even within the cities. Summers on the beaches, winters in the mountains, breathtaking views in the fall, and beautiful blooms in the spring North Carolina has it all. Simmons, Christian. So, if you move to North Carolina, youll be saving quite a bit on your monthly cost. isnt one of the easiest states to find work, 16 HONEST Pros & Cons of Living in Georgia (Lets Talk), 12 HONEST Pros & Cons of Living in Minneapolis, 15 HONEST Pros & Cons of Living in Charlotte, North Carolina, Property taxes: 0.84%, well below the national average, Access to the mountains (alright, hills) and the beach. The low property taxes in the state are one of the reasons for the below-average housing costs. Retrieved from, U.S. News & World Report. Besides housing, the state also offers comparatively cheaper food options than other states like New York State or Washington State. If you're considering retiring to the coastal region of North Carolina, it's important to have a plan in place in case of a hurricane. The Rainbow Falls Trail in Gorges State Park and the Looking Glass Rock Trail are a few other beautiful trails worth exploring. The Biltmore Estate near Asheville stuns visitors with its beautifully designed 250 rooms and sprawling grounds. The company also offers access to third-party pre . North Carolina is certainly an interesting state. For instance, prescription drugs are exempted from taxes, and the local corporate tax rates are quite reduced. Home to a combination of 21 professional and minor league teams, North Carolina has a football team, minor league baseball teams, basketball, and hockey teams. Over the years we've found the best ways to live, how to travel, take on new hobbies and give back. The. The coastal region is where you'll find the Outer Banks plus the miles of the Atlantic coastline. Consider leaving a review on Google or Facebook. 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. Everything is a lot cheaper here, especially when it comes to housing. It's anywhere from 10 to 30 percent cheaper to buy a home here than the national average. Unlike Eastern style BBQ, the meat is part of the party, but not the whole show. North Carolina offers a relatively low cost of living to its residents. Residents have over 200 state parks to explore, including Mount Rogers National Recreation Area and Great Smoky Mountains National Park. And the next 10 years are predicted to bring even more growth. Whether or not you have access to healthcare programs, insurance, and good hospitals and doctors, is and should be a major factor to consider. So what does that mean for you? . But dont just take my word for it. North Carolina is an overall safe state for you and your family to call home. Retrieved from, U.S. News & World Report. Retiring in North Carolina Is North Carolina a good place to live? The access to nature and plethora of outdoor recreational is hard to beat. One of the most significant drawbacks of retiring in North Carolina is the lack of a public transportation system. Published in Forbes, Senior Finance Advisor, Alzheimers.net and on other leading senior care blogs, she leverages her working knowledge of the senior care industry with leading research and best practices to create engaging content benefitting seniors and their caregivers. Mild Weather Year-Round #3. North Carolina maintains seasons but doesnt suffer from the same regularly severe weather as northern states. The parkway is a total of 469 miles and is world-renowned for its biodiversity featuring extremely rare habitats. Lamia Chowdhury is a financial content editor for RetireGuide and has over three years of marketing experience in the finance industry. I was fortunate enough to keep my teleworking job while living in North Carolina, so I didnt experience the challenges of find a job firsthand. No matter your preference, you're sure to find it in North Carolina. The only downside to the easy going vibe is the lack of ambition you may come across from time to time. As the younger population flocks to the more happening and exciting states, they often miss out on the beauty that is NC. The murder ratein the state is 5.8 per 100,000, 10% higher than the national average. Get money-saving tips, hard-to-find info and tactics for a successful retirement in our. According to a chart from the U.S. News & World Report, North Carolina also has a poor ranking for Medicare quality, coming in at 38th. If you fancy yourself a city-dweller, you wont be disappointed either. (n.d.). While the state has always had plenty to offer, one of its biggest advantages for retirees is that it can essentially serve as a middle ground between more extreme retirement destinations. The fact is that every place you consider moving to will have its benefits and pitfalls; you will have to decide the factors that are important to you and the ones youre willing to look past. 5 Reasons to Consider Buying a House in Boone, NC Living in Pennsylvania . The mountainous regions in the state experience humid days in the summer and pretty cold temperatures in the winter. In cities like Charlotte and Raleigh, the winter lows rarely dip under 35F. 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. North Carolinas total state and average local sales tax rate is 6.98%,placing it on the ranking of 26 in the nation. This post is for you. District of Columbia costs $2,324 to rent. Here, retirees can enjoy a more peaceful and relaxed pace of life. All-in-all, you will find that the big city vibe doesn't come with a significant price tag. If you prefer the sea to mountaintops, the state has you covered in that department as well. 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. Oops! The job market in Raleigh is thriving right now. The Lively Music Scene #5. 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. All rights reserved. You will need to invest in a car to get the most out of living in North Carolina. North Carolina has a diverse range of weather and climate, depending on which region you retire to. Retrieved from. You're signed up for our free newsletter! Top 10 places to retire in NC. 3. A popular getaway for beachcombers, the Outer Banks is ideal for climbing sand dunes, cruising the ocean, learn more about history, exploring nature, and more. Happiness in retirement is the main goal, and having the right information allows us (and you) to achieve that. 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. Property tax rates are moderately high in North Carolina, but there is a senior discount that is quite significant. Your email address will not be published. Since they live in a gorgeous state, youll find most people casually walking around looking happy and enjoying life. Many of our communities include a wide range of amenities including. List of the Pros of Living in Charlotte, NC 1. North Carolina is certainly an interesting state. Although the surgeon population for the Charlotte area is beginning to minimize this advantage, the cost of living here is still lower than it is across the United States, and especially along the eastern seaboard. 0.77%. You never know when the threat will come to fruition so youll want to be prepared. Dine Well, Live Well at The Vero at Orange, One Month Rent-Free Incentive at Treeo Raleigh, Memory Care at MacKenzie Place Fort Collins, February Fitness Frenzy at Fairwinds Rio Rancho, True restaurant dining, with made to order meals, Gym memberships and fitness classes through PrimeFit, Assisted living and memory care services, if needed. One of the reasons people retire to North Carolina is the stunning scenery. Overall Score. North Carolina is home to several historical sites, including battlefields from the Civil War, the Thomas Wolfe Memorial, the first documented gold find in the U.S., and the Battleship USS North Carolina. Roxboro. With over 300 miles of beaches, you are sure to find one you love. Christian is a former winner of a Florida Society of News Editors journalism contest and has written professionally since 2016. However, it taxes public and private pension incomes, 401(k), IRA, and other retirement accounts at an income tax rate of 5.25%. Read More. Home to a population of nearly 10.5 million, North Carolina is the 9th most populous state in the country. North Carolina is home to the Smoky Mountains and the Blue Ridge Mountains. Worth mention: The flat 4.99% state income tax is one of the lowest in the country, further adding to the lost cost of living in North Carolina. Raleigh, the state capital, could also be a suitable retirement destination that includes many big city offerings without quite as much activity as Charlotte. Social Security Income is exempt. This can be attributed to several factors, including a lower-than-average cost of housing. But North Carolina also displayed a high prevalence of food insecurity and people commonly avoiding seeking health care due to the cost. But thats not all there is to this wonder. 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. Come and see how Leisure Care communities are helping seniors rediscover (and sometimes reinvent) themselves. Pros of retiring in North Carolina All four seasons. Sorry there was an error. If youve ever wondered how some of our favorite Hollywood stars continue to make a living after their film days are over, they usually have several options. Pros and Cons of Retiring in South Carolina The advantages of retiring in South Carolina include an affordable lifestyle where your money can go much farther than in many other parts of the country.

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