If variety is indeed the spice of life, then North Carolina is the place to go to keep things interesting. It’s a geographical quilt of many colors and textures – from deep ocean hues and bright
beachfront skies to autumn shades of the rocky Blue Ridge and
the Smokies. In North Carolina, there are views that take your
breath away from sunsets over sides of mountains to the edges of
the Outer Banks. And everywhere in between, there are bustling
downtown scenes, abundant universities and colleges, state-of-the-art museums, world-renowned hospitals, impressive theatres,
and expansive historical and cultural centers.
;en, there’s the climate. Temperate weather and seasonal variation de;nitely ;nds its way to the top of most “Why to Retire in
North Carolina” lists. North Carolina weather rolls with the tides
of the seasons, allowing those opposed to perpetual summers and
knee-deep winters a place where they can have a taste of it all.
No snow on the beach? No problem. A winter wonderland awaits
visitors in Asheville, Boone, or Blowing Rock, from December to
February, just long enough for a few good weekend getaways and
Too much white stu; in the mountains? Escaping to the beach is
always an option. NC beaches are walkable and even swimmable
(for the super-brave) year-round.
;e bottom line is: whatever you’re looking for in retirement,
you’re sure to ;nd it somewhere in North Carolina.
Sales Tax Rate: 4.75%
Income Tax Rate: Flat Tax of 5.75%
Tax Incentives: Social Security income is NOT
taxed. Prescription medication is exempt from
sales tax. Standard deduction bonus for those
over 65. There is also a “circuit breaker” program
which caps property taxes to four
to five percent of income for qualifying individuals.
Avg. Cost of Living: Based on the Federal Cost
of Living Index, North Carolina’s score of 95. 4 is
below the national average of 100.
Medical Centers: Outstanding hospitals include
Moses H. Cone in Greensboro, Vidant Health in
Greenville, Duke Medicine in Durham, and the
UNCHC system found in cities and towns across
NC — AT A GLANCE