Did you know that North Carolina is ranked the third best place for net migration of mature adults in 2018? And there are very good, or rather, numerous reasons for that. Hence, read on to see why North Carolina is such a popular destination for retirement.
If you are a strong believer in lifelong learning, you will fall in love with North Carolina. Here in North Carolina, those over age 65 can attend classes at the University of North Carolina and the state’s community institutions for free. That’s right, you do not need to pay a single cent when you attend classes to learn new and interesting things. Registration expenses are also eliminated, although depending on the college, there may be an application charge. And you will be glad to know that the benefits do not just stop there. Each semester, those 65 and older can also attend up to six hours of for-credit courses at the state’s community colleges for zero cost, yet again.
Retirement is all about having a great and relaxing time. And what better way to have a great retirement than to spend your days on the wonderful sandy beach? There are almost 300 miles of beaches to choose from in North Carolina, so you will definitely find one you like. Each beach has its own personality and mood, and many are flanked by charming coastal villages, making them ideal for family reunions or a fast weekend trip. The beaches are also incredibly beautiful and charming, thus making North Carolina so popular among mature adults as a retirement location.
Cheaper Cost of Living
Nobody wants to waste more money if they can get things at a cheaper cost. And in North Carolina, there is a cheaper cost of living. In fact, North Carolina’s cost of living is actually lower than the national average. North Carolina has a cost of living that is 5 points lower than the average. Thus, the perfect destination for retirement if budget is something that you hold dear. After all, with a lower cost of living, you can spend your money on more things than you love, instead of worrying about how expensive things are.
Numerous Historical Sites
North Carolina is also incredibly popular for retirement due to the numerous historical sites that are full of culture and history. Historical aficionados will be drawn to the state’s colonial legacy, which is brought to life via interactive exhibits and time-honored mementos.
Extremely Favorable Tax Reductions
Did you know that there is no tax on Social Security income in North Carolina? And income taxes have been dropped to a flat rate (and that rate has been lowering), there is no State Estate Tax, and corporate income taxes are modest in North Carolina. That’s right, North Carolina offers great tax incentives to retirees.