Location is key when it comes to the quality of retirement living. Some prefer spending their golden years away from the hustle and bustle of the city, while some prefer living in the fast-paced and convenient city environment. As such, many retirees have a hard time making a decision when it comes to finding a place to settle down for retirement.
One of the most popular places the elderly love to settle down in is North Carolina. Read on to find out what are some of the top benefits of retiring in North Carolina.
The Queen City
North Carolina is also known as Queen City due to how large the population is. Being the most populous city in the state, residents get to enjoy a big city feel that keeps them on their toes. At the same time, many areas of North Carolina also give off a rustic small-town charm, giving residents the best of both worlds. With accessible stunning beaches to spend your time at, North Carolina is certainly a place that you will never be bored of, making it all the more ideal for retirement living.
Good Tax Breaks for the Elderly
No tax on social security income is required for folks in North Carolina. Even so, income taxes have been kept on a low flat rate that has been decreasing over the years. State Estate tax is also not required in North Carolina and corporate income tax is kept at a minimum. Due to the sheer amount of tax benefits, North Carolina is also perfect for people looking to begin a second career or even start their own business.
Low Cost of Living
Despite being a populous city, North Carolina’s estimated cost of living is still lower than the national average. This includes the prices of utilities, housing, and transportation cost. On the other hand, costs of health care and groceries are observed to be slightly above the national average. Looking for ways to further lower your cost of living? Why not consider TerraBella Newton, a retirement community that features assisted living and memory care options. TerraBella Newton offers residents a complimentary Connections Transportation service while their Sensations Dining is open for residents to have their meals 3 times a day.
Perfect Place for Enjoying Sports
Regardless of whichever sport you have a passion for, North Carolina is likely to have a professional club. With approximately 21 minor league and professional teams, you will be able to spend your time enjoying the games that you love at the stadium with friends and family. Apart from professional basketball, hockey, football, and baseball, college sports are also extremely exciting to watch given the sheer intensity and competitiveness.
Love going on hikes and spending time under the sun with mother nature? Then North Carolina is likely to be perfect for you. With plenty of mountain getaways to visit, there is bound to be one that piques your interest. Apart from hiking, most of these areas also feature a resort where you can have a short getaway at.