This article takes a look at the 5 best places in North Carolina for a couple to live on only social security. If you wish to check out our detailed analysis of how North Carolina is a rising real estate and retirement star, you may go to 15 Best Places in North Carolina for a Couple to Live on Only Social Security.
5. Burlington
Insider Monkey Score: 31
Cost of Living Index: 83.7
Median Home Price: $233,000
Average Monthly Rent: $1,144
The charming city of Burlington huddled in the heart of North Carolina is best for seniors seeking an affordable yet high quality of life. This city is surrounded by lush landscapes, parks, and recreational areas, offering seniors the chance to engage in numerous outdoor pursuits such as golfing, fishing, and hiking. There are plenty of arts and entertainment options here as well. Moreover, the many public parks and gardens, shopping and restaurant choices, and a large hospital add to the city’s allure as a retirement destination.
4. Fayetteville
Insider Monkey Score: 34
Cost of Living Index: 81.4
Median Home Price: $255,000
Average Monthly Rent: $1,107
Those who wish to buy an affordable home in North Carolina yet be close enough to major cities can choose to retire in Fayetteville. Situated in the Sandhills region of southeastern North Carolina, the city boasts a mild climate, diverse dining options, and proximity to medical facilities. Several cities such as Raleigh, Durham, and Wilmington are relatively close by, offering it access to additional amenities. The people are known to be quite friendly here, and seniors state that they have a good time living here.
3. Reidsville
Insider Monkey Score: 34
Cost of Living Index: 78
Median Home Price: $207,000
Average Monthly Rent: $1,354
Retiring to Reidsville is a good option for seniors looking for a place with small-town charm, affordability, and natural beauty. The city enjoys historical significance, and seniors get to explore the many museums and landmarks that it offers. Many parks, trails, and outdoor spaces help them lead an active lifestyle here as well.
2. Shelby
Insider Monkey Score: 35
Cost of Living Index: 81.6
Median Home Price: $238,000
Average Monthly Rent: $1,072
Also known as the “City of Pleasant Living”, Shelby is known for its small-town charm, historical and cultural richness, and recreational activities. The city is surrounded by the beautiful landscapes of North Carolina, offering seniors a scenic backdrop to call home. There are many parks, trails, and recreational spaces to spend time in the outdoors as well. Nature enthusiasts can enjoy nature walks, gardening, and similar activities.
1. Lumberton
Insider Monkey Score: 44
Cost of Living Index: 72
Median Home Price: $220,000
Average Monthly Rent: $986
The city of Lumberton is our top pick for the best places in North Carolina for a couple to live on social security only. Lying along the Lumber River, the city offers seniors a picturesque backdrop to call home. Residents here love to attend cultural festivals, local events, and the many historical sites in the city. Overall, the city is safe and affordable for retirees.
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