North Carolinas crime rate almost matches the national average. But North Carolina also displayed a high prevalence of food insecurity and people commonly avoiding seeking health care due to the cost. (30) Living in North Carolina (99) Living in Ohio (11) . The coastal region is where you'll find the Outer Banks plus the miles of the Atlantic coastline. JG Wentworth is well known across the country for its structured settlements, and was first founded in 1991. The Appalachian Mountains form most of North Carolinas territory, providing the state withmiles of hiking trails. Summers in North Carolina are the worst. 3. 1.. With a B.S. The state is home to some of the best hospitals in the country, including Duke University Hospital and Wake Forest Baptist Medical Center. Recall how I mentioned southern hospitality as one of the best things about living in North Carolina? Explore the local galleries for hand-crafted pottery and other creations. The state's income tax rate is 4.99% in 2022, but the state updated its income tax schedule for the next seven years. Retiring in North Carolina Is North Carolina a good place to live? Theyre non-negotiable in my book because they prevent things from molding overnight. 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. These same mountains include fishing, boating, whitewater rafting, and rock climbing. Good news for retirees eyeing North Carolina as a landing pad for their golden years: State residents 65 and older can, on a space-available basis, audit classes tuition-free at the campuses of. North Carolina is generally an affordable state. 2023 Retire Fearless. The Lively Music Scene #5. By 63, you no longer pay taxes. You will need to invest in a car to get the most out of living in North Carolina. District of Columbia costs $2,324 to rent. For anyone trying to find affordable senior housing in Indiana, there are some good options to choose from around the state. 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. One of the reasons people retire to North Carolina is the stunning scenery. Local venues often have bluegrass and country music bands creating a folk atmosphere. Insurance is often more expensive in rural areas, and there are fewer providers to choose from. Although North Carolina's crime rate is lower than the national average, some areas of the state still have higher crime rates. With a GDP per capita of $64,582, the Virginian economy is ranked 15th out of the country's 50 states.. Copyright © 2023 The Honest Local | This post may contain affiliate links - read our Standards, Corrections, & Privacy Policy. In any case, having daily access to mouthwatering BBQ is one of my favorite things about living in North Carolina. Its important to remember that regardless of where you choose to settle in North Carolina, youre never far from the mountains. Cmon now, my grubby little hands will never squeal! However, the state has some potential downsides to retiring that you should be aware of before moving to North Carolina. Read More. You havent lived until youve tasted the irresistible temptation that is vinegar barbecue, its life-changing. Unlike most other states, North Carolina taxes groceries. 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. The Outer Banks (OBX) are barrier islands off the coast of North Carolina and include Hatteras Island, Ocracoke, Roanoke Island, and Bodie Island. One of the downsides to living in Maine is the fact that the income tax and retirement income tax rate can be as high as 7.15%. Posted by Preston Guyton on March 3, 2023 . Are you considering buying a house in the mountains of North Carolina but arent sure where Read More, 8 Best NC School Districts for Buying a House Here, retirees can enjoy a more peaceful and relaxed pace of life. The median home cost in the city is $260,000, but you can save some by relocating to Durham if you prefer. The average effective property tax rate in North Carolina is 0.77%, well under the national average of 1.07%. You're signed up for our free newsletter! Many of the mountainous small towns typically come with very low costs of living. Expenses like groceries, housing, and transportation were under national expenditures. The Appalachian Mountains run through western North Carolina, providing ample hiking, camping, and fishing opportunities. But one mountain city that stands out is Asheville. Its a major area and feels like it as its the most populous city in the state. It wont come easy (Ill touch on this shortly as well). However, as with every other state, North Carolina also has quite a few pitfalls that if you can look past, youll love living here. If you fancy yourself a city-dweller, you wont be disappointed either. cost 9.8% of ones yearly income. The Southern states have seen massive growth recently, with the region becoming one of Read More, These Markets Are Projected to Have the Most Home Price Change in 2023. In some places, such as Durham County, you may even have to pay sales tax at the rate of 7.50%. Although North Carolina has several world-renowned hospitals, not all citizens have the same level of access to health care. On the other hand, some people find the cost of living in North Carolina to be . However, its important to remember that the cost of living varies from state to state. According to How Stuff Works, "the average cost of living for a retired couple in South Carolina is about $37,000 a year," which is significantly lower than many other states in the US. Generally speaking, North Carolina offers more diversity in locations and scenery, from major cities and beaches to full-blown mountain ranges. Oops! North Carolina Retirement. When it comes to retiring for cheap, leaving the United States to a cheaper region is possible and two places worth considering are Belize and Costa Rica. While the cost of living in North Carolina is relatively low, the state does have higher taxes than some other US states. There's a reason why retiring in the southeast, for example, is such a popular choice: it's the perfect intersection of affordability, convenience, and climate that many retirees crave. Not to mention the plethora of problems that arise when humidity becomes a part of your daily life. Not only will you get amazing service when you visit the store or supermarket, but youll also receive kind gestures from random people you bump into on the streets. With its rugged inland mountains and wind-swept beaches, the state offers some grossly ravishing scenery that will take your breath away. Regardless of your preference, both city and rural life have an overall laid-back quality about them that I havent seen in other places Ive lived. . Is South Carolina or North Carolina better for retirement? Want to Retire in North Carolina? Moreover, given the vast and diverse landscape, you can engage in a myriad of outdoor activities, such as visiting the beach or trekking, completely free of cost. All-in-all, you will find that the big city vibe doesn't come with a significant price tag. The Tar Heel State offers exceptional opportunities for you to witness the beauty, from the Outer Banks to the Smoky Mountains. Plenty of Outdoor Activities 3. All this to say, both the outdoor recreation and road trip possibilities are endless while living in North Carolina. The report noted that North Carolina had several health pros including good flu vaccine coverage and a low prevalence of falls. No matter your preference, you're sure to find it in North Carolina. In North Carolina, the public transportation network is limited in scope and under-served. But I dont want to fool you, its not all sunshine and peach cobbler gossip runs rampant in the rural parts of town and youll need to be mindful of the tea youre spilling. And its true, kindness comes easily, but friendships are earned (and typically last longer, in my experience). Please call us using the phone number listed on this page. However, it does so at a reduced rate, with almost 2% on most food. On the flip side, NC has a high-than-usual crime rate, increased chances of hurricanes, higher taxation, and a poor transportation system. But the rate in North Carolina is modest, coming in at 5.25%. Whether or not you have access to healthcare programs, insurance, and good hospitals and doctors, is and should be a major factor to consider. 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. From traveling the world to exploring your own backyard, Leisure Care living is fun and easy. With lower than average rents, reasonably-priced food options, and free activities, retirees can save their dollars for other opportunities, such as traveling. Miles of sandy shoreline mark the spot where our lovely state ends and the Atlantic Ocean begins. 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.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'retirefearless_com-narrow-sky-1','ezslot_19',147,'0','0'])};__ez_fad_position('div-gpt-ad-retirefearless_com-narrow-sky-1-0'); With multiple family members currently in senior living facilities, David is in the trenches every week, learning the ins and outs of nursing homes, assisted living, memory care, and general senior living. The states property tax rate stands at 0.77%, which means that a homeowner has to pay around $770 every year for every $100,000 in home value. Something went wrong while submitting the form. The. With some of the countrys best university medical centers in the country, fortunately, North Carolina delivers well in this regard. In fact, according to a 2019 report,1.4 million of the states residents live in poverty, making NC the state with the 15th highest poverty rate. 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. Cons of Retiring in North Carolina Threat of hurricanes. and youll see what all the fuss is about. Fuel costs are also cheaper than the rest of the country, sometimes by as much as $0.50 per gallon. The University of North Carolina, for example, offers a Continuing Education program with a range of general interest courses for community members. According to the Kiplinger State-by-State Guide to Taxes on Retirees, Virginia ranks as a tax-friendly state for retirees. With its rugged inland mountains and wind-swept beaches, the state offers some grossly ravishing scenery that will take your breath away. It has an old town feel and is very affordable, giving older adults the chance to retire in a charming town with great scenery. But there are still notable drawbacks to retiring in North Carolina. Besides the beautiful scenery, North Carolina offers a mild climate and plenty of amenities that make it attractive to retirees. Youre probably not surprised to learn that affordable housing plays the largest role in the low cost of living in North Carolina. Besides housing, the state also offers comparatively cheaper food options than other states like New York State or Washington State. Either way, since most seniors seek to build a home in a place with moderate weather, North Carolina is an excellent choice or at least a much better choice than Florida or New York. When it comes to weather, North Carolina has the best of both worlds. In some places, such as Durham County, you may even have to pay sales tax at the rate of 7.50%. When you think "retirement destination," North Carolina may not be top of mind. In addition to the stunning scenery, the state has many parks and trails for retirees to enjoy. North Carolinas Medicare quality ranking reflects the availability and effectiveness of Medicare Advantage plans in the state, which are sold privately and are available regionally. Table of Contents. Here's what you need to know about the state before you make your move. Its more of a low-impact retirement destination than Florida or Arizona, keeping many snowbirds closer to home and maintaining the seasonal changes that many Americans enjoy without as much severe weather. Lexington style BBQ (also called Western style) uses only the pork shoulder and employs a ketchup-based red sauce perfected with vinegar and spices. Winston-Salem. A cost of living index above 100 means North Carolina, North Carolina is more expensive. You never know when the threat will come to fruition so youll want to be prepared. North Carolina is making headlines as an up and coming place to retire, even earning some retirees moving there the nickname, halfbacks as retirees from Florida move halfway back home to the mid-Atlantic and mid-South states. Over the last 10 years, Greenville has become one of the most vibrant cities in the nation. . Thats not to say that youll be greeted with open arms (Ive found locals to be friendly, yet reserved Ill cover this in detail shortly) but you will be welcomed and treated with respect. 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. If you're considering retiring to North Carolina, it's important to research the health care options in the area you plan to live. 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. Our communities are located across the United States and offer a range of senior living services including independent living, assisted living, and memory care. (2021). Theres essentially something for everyone. Moreover, given the vast and diverse landscape, you can engage in a myriad of outdoor activities, such as visiting the beach or trekking, completely free of cost. Another pro of retiring in North Carolina is excellent health care. Pros of Living in Asheville #1. However, with your retirement nearing, you dont have to look past this wonderful state. Still, its worth pointing out, especially for those looking to grow their careers after moving to North Carolina. In cities like Charlotte and Raleigh, the winter lows rarely dip under 35F. Pros and Cons of a Georgia Retirement. 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. The answer really depends on what youre looking for in retirement since each state offers different benefits. The average monthly rent for, a 2-bedroom apartment in North Carolina is $825, , which is much lower than in many other states. We'd love to hear your thoughts. Residents have over 200 state parks to explore, including Mount Rogers National Recreation Area and Great Smoky Mountains National Park. So heads up! This climate diversity means that there's something for everyone regarding retiree weather. 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. Sorry there was an error. If you're over 65, you can exempt up to $35,000 of your retirement income from state taxes. Between the breathtaking Appalachian and Blue Ridge Mountains, youll be spoiled of choice. Low Population 4. Read More. The coastal areas are milder, with average temperatures in the 60s and 70s. This can be attributed to several factors, including a lower-than-average cost of housing. One of the most significant drawbacks of retiring in North Carolina is the lack of a public transportation system. COST OF LIVING North Carolina United States Overall 90.6 100 Grocery 96.5 100 Health 107.5 100 Housing 81 100 Contents1 [] Retrieved from, United Health Foundation. Roxboro. . The state also offers other generous exemptions on other types of retirement income. 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. Property taxes vary from county and municipality. 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. Both the Carolinas rank pretty high on the list of potential retirement homes for seniors. Marion. Let's look at some pros and cons of retiring in North Carolina to see if it could be the right state for you. Home to a population of nearly 10.5 million, North Carolina is the 9th most populous state in the country. However, the state will tax other types of retirement income, including 401(k) and pension distributions. It also has a lot to offer retirees, from big cities to tightknit mountain communities. North Carolina experiences moderate temperatures in all four seasons. They also have higher than average property tax rates. Overview. The similarities end with the choice of meat (both use pork), from there the methods differ. This could include having an evacuation route and plan and supplies to ride out the storm. Contents1 Which county in NC has the lowest property taxes?2 Do you have to pay property taxes after 65 in NC?3 [] North Carolina may traditionally be thought of by some as a rugged state filled with mountainous communities. And the next 10 years are predicted to bring even more growth. ; There are no social security taxes. Expats, digital nomads and retirees living in North Carolina responded: "People who live in North Carolina enjoy the mild climate, the beautiful beaches, and the friendly people. Pros And Cons Of South Carolina. As with other retirement communities, it also offers a variety of differently styled homes and ways to live in retirement. North Carolina may be most known for its scenic mountain ranges, but it also has plenty of beach options with 322 miles of coastline. Im not joking, the debate has become the subject of state legislation with bills being introduced over which of the two prominent BBQ styles should be deemed official. Javascript must be enabled for the correct page display. Where do most retirees live in North Carolina? Exactly how much your monthly rate is will depend on the care being received, amenities being used, and apartment style chosen. Most of all, retirees with eyes on West Virginia must weigh the pros and cons of rural living. The state has been hit by several major storms, including Hurricane Florence in 2018. In fact, Virginia was colonized almost sixty years before South Carolina was. Greensboro. Pros of Retiring in West Virginia 1. in advertising from the University of Illinois, Alissa has worked all over the world as a freelance communications strategist and writer. Speaking of, heres a locals tip: Purchase these bad boys before moving to North Carolina. 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. Rapidly Increasing Economy. 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. North Carolina compensates for its affordable cost of living by putting a significant tax burden on its citizens. 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. The state's picturesque landscape, with both its rugged inland mountains and windswept beaches, is sure to take your breath away. With over 300 miles of barrier coastline and beaches, there are plenty of swimming, fishing, and boating opportunities. Therefore it becomes challenging to get from one place to another without a vehicle. Proximity to Everything You Need; Cons of Moving to Asheville, NC #1. Do you enjoy the resources RetireGuide provides? IBM WatsonHealth named it a Top 50 cardiovascular . 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. In her free time, Alissa loves to travel, read, cook, and spend time with her family. North Carolina's rich history influences much of the cultural scene. The largest employers in the state are: Walmart, Duke University, Food Lion, Wells Fargo, Lowes and Bank of America. Consider how much of your income is spent monthly on food, utilities, healthcare, house maintenance, and homeownership costs. Travel Challenges 4. Get money-saving tips, hard-to-find info and tactics for a successful retirement in our. 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. Retiring in South Carolina Pros and Cons South Carolina has no shortage of things to do to stay outdoors and active. The cost of living in North Carolina is relatively low compared to other US states. Abandoning the city has its advantages, especially when considering the scenery. A coworker joked that North Carolinians are the best neighborhoods and acquaintances a person could have because respect is a second language. Here's What You Need to Know. Consider leaving a review on Google or Facebook. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up for helpful guides, interesting topics, and tips from locals. Summers on the beaches, winters in the mountains, breathtaking views in the fall, and beautiful blooms in the spring North Carolina has it all. Mission was ranked #6 in U.S. News and World Report's North Carolina hospital rankings. This site also participates in other affiliate programs such as CJ, ClickBank and more, and is compensated for referring traffic and business to these companies. As the younger population flocks to the more happening and exciting states, they often miss out on the beauty that is NC. Hurricanes are always a lurking threat for those living along the eastern seaboard, and unfortunately, they can potentially wreak havoc on the residents lives. 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. Indeed, its hard to find yourself bored after moving to North Carolina, as most of your free time can be spent outdoors. The High Cost of Housing #2. Living in North Carolina, cost of living in North Carolina, pros and cons of living in North Carolina, moving to North Carolina, living in North Carolina, cost of living in North Carolina, north Carolina living, Living in North Carolina, cost of living in North Carolina, pros and cons of living in North Carolina, moving to North Carolina, living in North Carolina, cost of living in North Carolina, north Carolina living, Your email address will not be published.

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