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. Now to answer the big question: Is North Carolina a good place to live? Heck, take a road trip to Great Smokey Mountains National Park (the most visited national park in the country!) In July of 1933, the North Carolina State Legislature formed the EBNC. However, it taxes public and private pension incomes, 401(k), IRA, and other retirement accounts at an income tax rate of 5.25%. 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 Biltmore Estate near Asheville stuns visitors with its beautifully designed 250 rooms and sprawling grounds. A website run by locals in various cities, with the hopes of making big life decisions a little easier on you. 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. No matter your preference, you're sure to find it in North Carolina. APA Forest City. "North Carolina Retirement." Expenses like groceries, housing, and transportation were under national expenditures. . Proximity to Everything You Need; Cons of Moving to Asheville, NC #1. We will work closely with you and your family to create a lifestyle that meets care and budget needs while making the most of every day of retirement. Lexington style BBQ (also called Western style) uses only the pork shoulder and employs a ketchup-based red sauce perfected with vinegar and spices. In fact, Virginia was colonized almost sixty years before South Carolina was. A coworker joked that North Carolinians are the best neighborhoods and acquaintances a person could have because respect is a second language. However, European countries had beforehand . We appreciate your feedback. North Carolina experiences moderate temperatures in all four seasons. According to the U.S. News and World Report, some of the best beaches and beach town options in North Carolina include Emerald Isle, Bald Head Island and Cape Hatteras. The state is home to some of the best hospitals in the country, including Duke University Hospital and Wake Forest Baptist Medical Center. The Appalachian Mountains have a strong folk art and music tradition. Pros And Cons Of South Carolina. The south is known for hospitality, and North Carolina is no exception. The company also offers access to third-party pre . 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. 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. North Carolina is an overall safe state for you and your family to call home. 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. 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. Pros of Retiring in South Carolina Beautiful Landscapes Tax-Friendly Good Healthcare System Great Weather Numerous Outdoor Activities Southern Hospitality Convenient Transportation Historically Rich Low Crime Rates Free Education for Retirees Cons of Retiring in South Carolina High Cost of Living Too Much Construction Hurricanes Flood Alligators Here are the pros and cons of retiring to Asheville, North Carolina. 771 Words 4 Pages. There are plenty of opportunities for retirees to pursue academic study at the many universities located around the State. North Carolina is home to the Smoky Mountains and the Blue Ridge Mountains. Reidsville. 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%. It can be exciting to move somewhere new, start fresh, and . Retrieved from, United Health Foundation. One of the benefits of retiring in North Carolina is that the state offers tax breaks for seniors. Summers in North Carolina are the worst. 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. 0.77%. As one of the original 13 colonies, you'll find important historical sites in American history, from Revolutionary-era buildings to Civil War battle sites. There is no estate tax. Enter North Carolina, sweet North Carolina. So heads up! With over 300 miles of barrier coastline and beaches, there are plenty of swimming, fishing, and boating opportunities. We can be reached via email at contact@retirefearless.com. The state averages homeowners pay 0.85% of property value. North Carolinas total state and average local sales tax rate is 6.98%. Pros of retiring in North Carolina All four seasons. Local venues often have bluegrass and country music bands creating a folk atmosphere. The state is home to a handful of great cities, but most of the Tar Heel State is rural. [ See: The Best Places to Retire in 2022. ] Obviously your lifestyle with depend on your way of life in North Carolina. Your web browser is no longer supported by Microsoft. However, the state has some potential downsides to retiring that you should be aware of before moving to North Carolina. Here's what you need to know about the state before you make your move. 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. For the first time, most Medicare beneficiaries will opt for a private plan as early as this year. Thats lower than every bordering state except Tennessee. Indeed, its hard to find yourself bored after moving to North Carolina, as most of your free time can be spent outdoors. In fact, there's a large contingent of residents called "half-backs," who spend winters in Florida and summers in the Carolina mountains. Whether or not you have access to healthcare programs, insurance, and good hospitals and doctors, is and should be a major factor to consider. The state is 560 miles wide from east to west! The lack of proper public buses, trains, and other modes of transportation make it challenging to travel and explore different parts of the state. Do you enjoy the resources RetireGuide provides? amongst states with the highest per capita tax. Thats a similar level of cost of living for states like Wyoming or Wisconsin, and significantly lower than most of the states that make up the Northeast, Midwest and West Coast. The cost of living in Charlotte is lower than in other cities along the East Coast. No matter which sport you love, North Carolina has it. However, with your retirement nearing, you dont have to look past this wonderful state. As in North Carolina, South Carolina does not tax Social Security benefits. Since they live in a gorgeous state, youll find most people casually walking around looking happy and enjoying life. The cost of living in North Carolina is relatively low compared to other US states. While my new state gets snow occasionally (folks arent accustomed to driving in the snow, so be careful), the winters are mild overall. If youre planning to retire in North Carolina, you have more than a few reasons up your sleeve to do so. While most of these are meant for hikers, there are options for mountain biking or horseback riding. 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. 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. Living in North Carolina during the winter months is easy compared to other places Ive lived, and its one of the things I most enjoy about daily life here. Besides housing, the state also offers comparatively cheaper food options than other states like New York State or Washington State. 1. Partner the intense heat with the constant humidity and youll be begging for a shower before pulling out of the driveway. The answer is yes, between the affordable housing market, low cost of living and unmistakable southern hospitality, living in North Carolina is living life on easy mode. 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. The answer is yes, between the affordable housing market, low cost of living and unmistakable southern hospitality, living in North Carolina is living life on easy mode. 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. Here are 10 pros and cons of living in North Carolina to consider before making this state your home. The Tar Heel State offers exceptional opportunities for you to witness the beauty, from the Outer Banks to the Smoky Mountains. It offers a small-town vibe nestled within the North Carolina mountains. RetireGuide.com, 20 Feb 2023, https://www.retireguide.com/retirement-life-leisure/best-and-worst-states-to-retire/north-carolina/. Christian Simmons is a writer for RetireGuide and a member of the Association for Financial Counseling & Planning Education (AFCPE). 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. If you havent yet, you must ask yourself if retiring in North Carolina is a good option for you. 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. On the flip side, NC has a high-than-usual crime rate, increased chances of hurricanes, higher taxation, and a poor transportation system. Read More. 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. You will need to invest in a car to get the most out of living in North Carolina. If it sounds appealing, start looking at these 16 top cities in NC. 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. The most frequent explanation for North Carolina's increased crime rate is the state's higher-than-average poverty levels. But even then, its hard to fault someone who considers living in North Carolina the end prize. With lower than average rents, reasonably-priced food options, and free activities, retirees can save their dollars for other opportunities, such as traveling.