Pros And Cons Of Living In North Carolina First of all, these are the top 10 North Carolina pros and cons: Great sense of community Low cost of living and economic opportunity Temperate weather and mild winters Abundant outdoor activities Access to quality health care High tax burden Sub-par K-12 education High crime rates Lack of weather variety 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. North Carolina may be most known for its scenic mountain ranges, but it also has plenty of beach options with 322 miles of coastline. 2023 Retire Fearless. The lack of proper public buses, trains, and other modes of transportation make it challenging to travel and explore different parts of the state. 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 The state also offers other generous exemptions on other types of retirement income. The state has a moderate climate while still offering four distinct seasons. The Appalachian Mountains form most of North Carolinas territory, providing the state with. Pros of Retiring in Virginia: Robust Economy: Even though the COVID-19 pandemic considerably affected the state's economic growth, Virginia still remains one of the US's strongest economies. 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 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. The Lively Music Scene #5. It wont come easy (Ill touch on this shortly as well). Roxboro. The Median income in North Carolina is about $56,000. Get money-saving tips, hard-to-find info and tactics for a successful retirement in our. 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. Cost of Living Data Series. Know what that means? Partner the intense heat with the constant humidity and youll be begging for a shower before pulling out of the driveway. Oops! Local venues often have bluegrass and country music bands creating a folk atmosphere. However, after moving to Carolina and making the adjustment, this is one of my personal favorite perks of living in North Carolina. 1. For those who may be thinking about spending their retirement years in South Dakota, there are plenty of pros and cons to consider. Another pro of retiring in North Carolina is excellent health care. North Carolina offers a relatively temperate climate to enjoy. The answer really depends on what youre looking for in retirement since each state offers different benefits. The coastal region is where you'll find the Outer Banks plus the miles of the Atlantic coastline. Something went wrong while submitting the form. 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. However, the state will tax other types of retirement income, including 401(k) and pension distributions. Happiness in retirement is the main goal, and having the right information allows us (and you) to achieve that. When it comes to retirement, there's a lot to consider. 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. Read More. Lamia Chowdhury is a financial content editor for RetireGuide and has over three years of marketing experience in the finance industry. List of the Pros of Living in Charlotte, NC 1. North Carolina is generally an affordable state. However, although higher than the national average, the murder rate in North Carolina is much lower than in South Carolina. Please call us using the phone number listed on this page. If you prefer the sea to mountaintops, the state has you covered in that department as well. Its important to remember that regardless of where you choose to settle in North Carolina, youre never far from the mountains. The state is 560 miles wide from east to west! North Carolina Retirement. Copyright © 2023 The Honest Local | This post may contain affiliate links - read our Standards, Corrections, & Privacy Policy. The state has been hit by several major storms, including Hurricane Florence in 2018. APA Best known for the Blue Ridge Parkway and the Appalachian Trail, the mountains of North Carolina also boast stunning waterfalls, one of the oldest rivers in North America, farm-fresh foods, and even some of Americas best craft beer. Christian is a former winner of a Florida Society of News Editors journalism contest and has written professionally since 2016. All-in-all, you will find that the big city vibe doesn't come with a significant price tag. Healthcare is a massive concern for those looking to move to another state, especially retirees. 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. Still, its worth pointing out, especially for those looking to grow their careers after moving to North Carolina. New Study Reveals Best Places to Retire in North Carolina Theyre All Small Towns. 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. North Carolina has become one of the best retirement states in recent years. According to the states residents, North Carolina only happens to experience two seasons summer and fall. . Even popular tourist spots like Myrtle Beach can offer affordable living. One of the most important aspects to consider when buying a house is the quality of schools your Read More, North Carolina vs. Virginia: Which is the Better State? Retrieved from. The company also offers access to third-party pre . We offerindependent living servicesat Treeo Raleigh in North Carolina. District of Columbia costs $2,324 to rent. Low Cost of Living 2. With an abundance of hiking trails and hundreds of miles of coastline, theres no seeming end to the amount of outdoor expeditions you can enjoy in the state. North Carolina Pros And Cons; North Carolina Pros And Cons. Before moving to North Carolina I found myself living in Chicago, where I braced for winters with the enthusiasm reserved for water-downed cocktails and malfunctioning alarm clocks. This is something to keep in mind if you're considering retiring to North Carolina. This is considered southern etiquette and folks are keen to teach their children manners. (n.d.). Better with age, exceptional with us! in advertising from the University of Illinois, Alissa has worked all over the world as a freelance communications strategist and writer. The cost of living in Charlotte is lower than in other cities along the East Coast. What this means for you: Anytime you hear mention of a possible hurricane, make a beeline for the grocery store and stock up on essentials. North Carolina maintains seasons but doesnt suffer from the same regularly severe weather as northern states. Whether or not you have access to healthcare programs, insurance, and good hospitals and doctors, is and should be a major factor to consider. Enter North Carolina, sweet North Carolina. So what does that mean for you? Festivals and events take place throughout the year. (2021). Estimate how long you'll live and explore retirement options for a long life. Theres something for everyone in the mountains of North Carolina. Last modified February 20, 2023. https://www.retireguide.com/retirement-life-leisure/best-and-worst-states-to-retire/north-carolina/. According to the NC Rural Health Research Program, people who live in rural areas often have to travel long distances for care. They also appreciate the state's diverse culture, with its many festivals and events. I knew that living in North Carolina would require becoming acquainted with a humid sub-tropical climate, but even after 12 years I still cant get used to it. North Carolinas total state and average local sales tax rate is 6.98%. If youre a history enthusiast, you can explore the many museums at Beaufort or Cape Fear and get lost in the centuries of history.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'retirefearless_com-leader-1','ezslot_14',114,'0','0'])};__ez_fad_position('div-gpt-ad-retirefearless_com-leader-1-0'); The true reality of a state can often be judged through its people, and if thats the case, then North Carolina truly is the most charming state in the US. Our fact-checking process starts with vetting all sources to ensure they are authoritative and relevant. Pros & Cons of Living in Asheville North Carolina. Come and see how Leisure Care communities are helping seniors rediscover (and sometimes reinvent) themselves. They also have higher than average property tax rates. Its all about the meat in this method, and sauce would serve as a mere distraction although a small side of ketchup-based sauce is provided, for those so inclined. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'retirefearless_com-mobile-leaderboard-1','ezslot_16',134,'0','0'])};__ez_fad_position('div-gpt-ad-retirefearless_com-mobile-leaderboard-1-0');The hurricane season hits North Carolina from June to November. Then we verify the facts with original reports published by those sources, or we confirm the facts with qualified experts. For the first time, most Medicare beneficiaries will opt for a private plan as early as this year. Regardless of your preference, know this: you cant go wrong but you better learn to defend it. However, certain types of crimes are more common in the state than others. Just when you think summers in North Carolina cant get worse, youll experience the threat of a looming hurricane. The Outer Banks' positioning on the east coast makes them more susceptible to direct hits or brushes from tropical storms that ride up the East Coast. Home to a population of nearly 10.5 million, North Carolina is the 9th most populous state in the country. 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. Youre probably not surprised to learn that affordable housing plays the largest role in the low cost of living in North Carolina. 1.4 million of the states residents live in poverty, making NC the state with the 15th highest poverty rate. Miles of sandy shoreline mark the spot where our lovely state ends and the Atlantic Ocean begins. . In fact, Virginia was colonized almost sixty years before South Carolina was. 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. 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. 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. 771 Words 4 Pages. Insurance is often more expensive in rural areas, and there are fewer providers to choose from. And often the most popular choice within the southeastern United States is a toss-up between North Carolina and South Carolina. With some of the countrys best university medical centers in the country, fortunately, North Carolina delivers well in this regard. Want to Retire in North Carolina? According to the U.S. News and World Report, Charlotte is viewed as an excellent retirement destination. Unlike most other states, North Carolina taxes groceries. Speaking from personal experience, one of the best things about living in North Carolina is actually being able to enjoy life without feeling the pinch of irrational rent prices and overall high cost of living. The Rainbow Falls Trail in Gorges State Park and the Looking Glass Rock Trail are a few other beautiful trails worth exploring. Even though Charlotte and Raleigh have public transportation systems, they lack the flexibility that other cities, such as Chicago or New York, provide. This is very ideal for retirees. Although the good news is that Maine . Most of all, retirees with eyes on West Virginia must weigh the pros and cons of rural living. For instance, with the highest average rent in the United States, a one-bedroom apartment in the District of Columbia costs $2,324 to rent.So, if you move to North Carolina, youll be saving quite a bit on your monthly cost. North Carolina may not be a state traditionally thought of when it comes to retirement, but its popularity is on the rise. 3. Here are 10 pros and cons of living in North Carolina to consider before making this state your home. Once you have a good understanding of how much it costs to live on your own, you will have a more comprehensive understanding of the cost of senior living. Five-star fun. Considering the average salary in the state clocks in at $54,250, the cost of living in North Carolina is deemed reasonable. It came in as the 20th most-taxed state. Of course, your location influences your total costs. Do you enjoy the resources RetireGuide provides? Abandoning the city has its advantages, especially when considering the scenery. Cons of Retiring in North Carolina Threat of hurricanes. No matter which sport you love, North Carolina has it. 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. What more could you want in a new community? Posted by Preston Guyton on March 3, 2023 . 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. All this to say, both the outdoor recreation and road trip possibilities are endless while living in North Carolina. . This post is for you. There are several prominent health care systems throughout the state that have been nationally ranked for different specialties, including cardiac surgery; rheumatology; ear, nose, and throat; and cancer.
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