Retirees across the United States are searching for a place to live their golden years. From Carolina to Florida, there are different places to enjoy your retirement.
But did you know that North Carolina is also an excellent choice for retirees? With its mountain ranges and coastal beaches, it’s easy to see why many retirees are drawn to this state. If you’re considering a move, you should definitely put North Carolina on your radar.
Check out these reasons why North Carolina is the perfect retirement destination:
Why Is Charlotte, NC a Good Place to Retire At?
As a real estate agent with Showcase Realty, I have spent many years working with retirees looking to transition to Charlotte, NC.
There are many reasons why this vibrant city is the ideal destination for seniors looking for an exciting and affordable place to spend their golden years.
1. Tax Benefits
One reason why Charlotte is such a great place for retirees is because of its flat income tax rate of just 5.25%. This means that regardless of how much you earn each year, you won’t be burdened with paying high taxes on your retirement income.
In addition, retired individuals can also take advantage of special tax exemptions on things like social security benefits, which helps keep their overall tax burden low.
Aside from favorable tax policies in place for retirees, Charlotte also has relatively low sales and property taxes compared to other cities across the state.
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Charlotte has a mild climate with relatively mild winters and hot summers, making it ideal for retirees who don’t want to have to deal with extreme temperatures year-round.
With average temperatures ranging from 30 °F to 51 °F in January and from 69 °F to 90 °F in July, this city is perfect if you want to spend your golden years enjoying the outdoors.
As a major city in North Carolina, Charlotte has access to all the major medical facilities and resources you could need. Whether you need routine care or specialized treatment for an illness or injury, you can trust that local hospitals’ doctors and support staff will provide you with the best care possible.
4. Go back to college for free
As a retiree, you may look for ways to stay active and engaged in your community. If you live in North Carolina, you’re in luck! The state allows retirees to attend some public colleges and universities tuition-free.
This is a great way to take advantage of your life experience and continue learning new things.
5. More relaxed when it comes to sales taxes
Sales taxes can be a pain, but in North Carolina, they’re not as bad as they could be. The state only charges a single sales tax rate of 4.75%.
It doesn’t apply to a lot of everyday purchases like groceries and prescription medicine. So when you’re doing your shopping, you don’t have to worry as much about sales taxes adding up.
6. Much bigger geographical area
North Carolina is the 28th largest state in the US, with a total area of 53,818.8 square miles. Compare that to its southern neighbor, South Carolina, which has an area of only 32,020 square miles.
North Carolina’s size gives it an advantage regarding resources and opportunities. For example, the state has a greater variety of natural resources. It also has coastlines that provide more opportunities for recreation and tourism.
7. Full of history and culture, from historical sites to a vibrant art and music scene
The state has something to offer everyone. Whether you’re into history or culture, you’re sure to find something to suit your interests.
An increase in job opportunities and low cost of living brings people to Charlotte from all around the country. #NancyBraun #ShowcaseRealty #CharlotteNCHousing https://t.co/KgsOORfsvS pic.twitter.com/5BeCcmCqYa
— Showcase Realty (@ShowcaseRealty) May 31, 2021
8. Growing economy, with many leading businesses and industries
CNBC recently ranked North Carolina as America’s top state for business. This is due to factors including the state’s competitive job growth and housing market.
North Carolina’s diverse economy includes agriculture, manufacturing, and technology. The state is home to the Bank of America and Lowe’s Companies. Such examples of major institutions help boost the state’s economy.
Find out why Charlotte, North Carolina is making headlines – click here to uncover its latest ranking and what makes it such a popular destination!
9. Home to excellent healthcare facilities
It is committed to improving its residents’ health and well-being.
Many hospitals and health centers provide care for various health needs. It offers health initiatives to improve the quality of healthcare for its citizens.
10. Hospitality and a great place to make friends and connections
The state’s diverse population means there is always something new to learn. Its culture of collaboration means that people are willing to help and work together. Whether you’re looking to meet new people or expand your network, North Carolina is the perfect place.
To learn more about the city as the best place to retire, you can check out our blog post https://showcaserealty.net/11-reasons-why-charlotte-nc-is-the-perfect-place-to-retire/.
Where Is the Best Place to Retire in Charlotte, NC?
There are a lot of amazing North Carolina cities that are perfect for retirement. With mild winters and beautiful summers, the state is a great place to enjoy your golden years. Here are some of the best NC cities to retire to:
1. Asheville. Asheville is a beautiful city in the Blue Ridge Mountains of North Carolina. The city has over 94,067 people and is the largest city in Western North Carolina. Asheville has a rich history, stunning mountain views, and great outdoor recreation.
The real estate market in Asheville is robust, with homes selling quickly. Prices have been rising recently, making investing in Asheville real estate a great time.
The city is known for its unique architecture and vibrant arts scene. There are many things to do in Asheville. These include hiking, biking, and exploring the downtown area. It is also home to various restaurants, cafes, and shops. Asheville is a perfect place to relax and experience some southern hospitality.
2. Raleigh. Raleigh is the capital of North Carolina and the second-largest city in the state. Raleigh has a mild climate and vibrant cultural scene located in the central part of the state. It is known for its Research Triangle Park, which is home to many high-tech companies.
The city is home to the North Carolina Museum of Art and the North Carolina Museum of Natural Sciences. Raleigh is also a major center for business and industry. In fact, there are several major corporations headquartered in the city.
It’s no secret that Raleigh, North Carolina, is booming. It is a hub for young professionals and families, and the real estate market reflects that. In August 2022, the median price of a home in Raleigh is $444.1K.
Homes in Raleigh are selling fast and for top dollar. If you’re considering buying a Raleigh home, you may need to move quickly and pay a premium. But it’s worth it – Raleigh is a beautiful place to live, work, and raise a family.
3. Durham. Durham is known for its many hospitals and medical research facilities. That is why it is often called the “City of Medicine.” The city is also home to Duke University, one of the country’s top research universities.
Durham is home to over 326,126 people in 2021 and is a thriving center of business and industry. The city has a strong commitment to arts, with several galleries and performance venues.
Its real estate is rising, with prices and strong demand for properties. There is a wide range of housing options available in Durham, where you can find apartments, condos, and single-family homes. With its thriving economy, Durham is an attractive place to live.
4. Chapel Hill. Chapel Hill is a lovely North Carolina town home to the University of North Carolina, with a population of 61,912 in the 2020 census. Chapel Hill is known for its beautiful, tree-lined streets and vibrant downtown area.
The town is also home to many great restaurants and shops. If you’re looking for a place to enjoy the company of friendly people, Chapel Hill is the perfect place for you.
Chapel Hill is a diverse town with a strong economy. The median household income in Chapel Hill was $75,249 in 2016-2020, and the median home value is $640K. There are many types of real estate, from new construction to historic properties.
5. Charlotte. Charlotte, North Carolina, is the largest city in the state and the 17th largest in the United States. It is the seat of Mecklenburg County. It is also the second-largest city in the southeastern United States.
Charlotte is the home of the Charlotte Hornets of the NBA and the NASCAR Hall of Fame. It is home to financial institutions and major companies such as Duke Energy and Bank of America.
If you’re looking for a place to call home in the Charlotte, North Carolina, area, you’ll have plenty of options. The real estate market is booming, with homes and condos available at all price points. You’re sure to find something that suits your needs in Charlotte.
With the city’s convenient location, it’s no wonder that Charlotte is one of the most popular places to live in the US. Break free from rent! Own your home with these tips. https://showcaserealty.net/how-to-stop-paying-rent-and-own-your-own-home/
6. Greensboro. Greensboro is the third-largest city in North Carolina. It is the county seat of Guilford County. Greensboro is a vibrant city with a thriving economy and a rich cultural heritage.
Greensboro has excellent museums like Greensboro Science Center and Greensboro Children’s Museum. The city also has the Greensboro Symphony Orchestra and the Greensboro Ballet.
Greensboro, North Carolina, real estate is some of the most affordable in the country. The median home price in Greensboro is over $283.3K, and the cost of living is also very reasonable. If you’re looking for a place to buy a home, Greensboro should definitely be at the top of your list.
7. Hickory. Hickory, North Carolina, is a small city in the western part of the state. It is the county seat of Catawba County and has a population of over 43,532 in 2021. The city is home to institutions of higher learning, such as Lenoir-Rhyne University. Hickory’s economy is based mainly on manufacturing.
Prices for homes in Hickory range from $5.5K to $3.5M.
The reasons to retire in North Carolina are endless. You can even check out our blog post here for more insights. We think it’s the perfect place for anyone looking for a life of leisure. Whether you want to relax on the beach or explore new cities, there’s no place better than the “Tar Heel State.”
If you are looking for the best resources to find the perfect home, look no further than Showcase Realty. We have one of the industry’s most experienced teams who will help you find your next home for retirement. 13 hidden costs before buying a home. Click here!
Be sure to reach out to us at (704) 312-7401 today!