Are your loved ones looking to retire? If yes, look no further than North Carolina. According to a study by the financial services company Bankrate.com, North Carolina is considered one of the best states in the United States to retire. The place has gotten so popular that retirees who have moved here are given the nickname “halfbacks”. This is in reference to older adults from Florida who moved halfway back to Southern states like North Carolina. Here are more reasons your loved ones should consider retiring in North Carolina.
One of the biggest motivators for older adults is the tax-friendliness of North Carolina. Aside from boasting a lower than average property tax and sales tax in the country, the state does not tax Social Security benefits, which means that your loved ones can look forward to building up their retirement wealth without much financial burden. This is especially important for older adults who are retired as there are no other stable sources of income. Regardless, if your loved ones are wanting to start a business on the side, they do not have to worry as North Carolina also has tax benefits, offering a pro-business environment.
There are not many places in the United States that possess over 300 miles of sandy beaches. As a coastal state, North Carolina is one of those places. If your loved ones frequently enjoy basking in the sun and looking at the waves and ocean, moving to North Carolina should be a no-brainer. From Caswell Beach and Kure Beach to Oak Island Pier and Waterfront Park, the state is not short of stunning coastal areas that are perfect for family get-togethers and weekend getaways.
Being retired means that your loved ones have ample time and freedom to explore the great outdoors. In North Carolina, it’s impossible for your loved ones to get bored as they have a wide range of activities to partake in. North Carolina is home to the Appalachian Mountains, specifically Blue Ridge and the Smoky Mountains. These mountainous areas have impressive waterfalls, rivers, and trails that provide an opportunity for loved ones to get away from the hustle and bustle of the city. During the winter months, there are also resorts that offer skiing.
Lower Cost of Living
When it comes to deciding on how suitable a place is for retirement, it’s important to consider the cost of living. Compared to the national average, North Carolina actually has a lower cost of living, though that does not mean it compromises the standard of living. Residents here are generally happy and healthy, which should come as no surprise as their housing, transportation, and other expenses are priced lower than in other states. This applies to grocery and healthcare bills as well. If your loved ones aren’t as financially strong, North Carolina is a great state for retirement.
North Carolina doesn’t experience incredibly humid weather during the summer season and extremely cold winds during winter. This makes the state comfortable to reside in as the moderate temperatures allow for outdoor activities all year round. As one of the few states with four distinct seasons, North Carolina is the place where your loved ones can enjoy all the beauty of spring, summer, fall, and winter.