This article takes a look at the 5 best places to retire in North Carolina. If you wish to check out our detailed analysis of how North Carolina is a rising retirement hotspot, you may go to the 18 Best Places to Retire in North Carolina.
5. Charlotte
Insider Monkey Score: 8
Median Home Price: $413,000
Average Rent: $1,579
Seniors are increasingly retiring to Charlotte, North Carolina because of its pleasant climate, top-notch medical facilities, and lively city life. The cost of living may be 2.5% higher than the US average, but the “Queen City” makes up for this incremental expense with the high quality of life it offers. From fine dining to music, entertainment, malls, and boutiques; this city has it all.
4. New Bern
Insider Monkey Score: 9
Median Home Price: $352,000
Average Rent: $1,250
As evident by the figures, New Bern is an affordable riverfront city to retire in North Carolina. Housing options are pretty affordable, and the cost of living is 16.4% lower than the US average. Moreover, the city has also been deemed as a “Certified Retirement Community” by the state of North Carolina. The city has much to offer retirees, such as a waterfront lifestyle, cultural attractions, medical facilities, and plenty of outdoor activities.
3. Hickory
Insider Monkey Score: 9
Median Home Price: $290,000
Average Rent: $795
Located in Western North Carolina, Hickory ranks high on our list because of its affordable housing, picturesque landscape, and burgeoning arts and culture scene. The cost of living in the city is 11% lower than the national average, so retirement savings will go a bit further here than in other places. The city also radiates a small-town charm with a relaxed pace of life.
2. Asheville
Insider Monkey Score: 10
Median Home Price: $493,000
Average Rent: $1,425
Huddled in the picturesque Blue Ridge Mountains, Asheville is one of the best mountain cities one can retire to. Besides the breathtaking natural landscapes, Asheville allures retirees to itself through its vibrant and thriving arts scene, rich history and architecture, as well as countless recreational activities. The cost of living in the city is 5.8% higher than the national average. Retirees get to lead an active lifestyle here, with abundant natural food markets, organic farms, and more.
1. Durham
Insider Monkey Score: 12
Median Home Price: $420,000
Average Rent: $1,490
Home to a vibrant cultural scene, excellent healthcare facilities, and a mild climate, Durham is one of the best places to retire in North Carolina. The cost of living in the city is 1.2% lower than the national average. Retirees here love to embark on dining and culinary adventures, explore the city’s rich history and cultural heritage, and even immerse themselves in outdoor recreation. Located in the heart of the Research Triangle, the city is also close to the neighboring cities of Raleigh and Chapel Hill.
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