Where to Retire for Less: Affordable NC Towns

Where to Retire for Less: Affordable NC Towns

Many people are looking to relocate from more populated regions and cities to smaller, more inexpensive areas as problems like the rise in work-from-home jobs, a slowing economy, and the rising cost of housing get worse.

With a cost of living that is 14% lower and a cost of housing that is 5% lower than the US national average, North Carolina is becoming more and more popular among retirees.

The following North Carolina communities appeal to retirees with a blend of affordability, scenic beauty, and convenience:

Elizabeth City

It’s a great place for retirees searching for a relaxed atmosphere on a budget, as the cost of living is lower than the national average and homes are reasonably priced, averaging about $324,000.

Elizabeth City is a reasonably priced seaside community close to the Pasquotank River’s mouth, located in the northeastern region of the state.

The town is renowned for its welcoming community spirit and has a low crime rate. Sentara Albemarle Medical Center provides excellent service for medical requirements.

The Albemarle Arts Center serves as a gathering place for regional artists and performers, while the Museum of the Albemarle highlights the region’s nautical history.

Read More: Dreaming of Retirement in Hawaii? Explore These 5 Affordable Island Gems

Hendersonville

Hendersonville is a charming town in western North Carolina with a population of about 15,500. Compared to the neighboring, busier, and more costly Asheville, where the median home price is $594,000, this area’s housing market is more affordable and more accessible.

Where to Retire for Less: Affordable NC Towns

Hendersonville is renowned for its vibrant downtown area, where you can visit the local galleries, boutiques, and eateries that serve regional specialties like Carolina-style BBQ.

Considering its size, Hendersonville has a somewhat strong healthcare system, with Advent Health Hendersonville offering a wide range of medical services.

Read More: Retirement Paradise: Discover the 7 Best Small Cities for Retirees in Florida

Asheboro

Retirement seekers can enjoy an oasis next to nature in Asheboro, Central North Carolina, without giving up the comforts of city living.

At about $277,00 compared to $412,000 across the nation, the median property price is significantly less than in many other American communities. It is obvious that this makes it a desirable option for people on fixed incomes.

Moreover, Asheboro is home to first-rate medical institutions, such as the Randolph Hospital, guaranteeing inhabitants have quick access to healthcare. Asheboro is well-known for both its thriving cultural scene and the abundance of neighboring natural beauty.

Read More: Retirement Finance: Understanding Las Vegas Living Costs

New Bern

New Bern, located at the meeting point of the Trent and Neuse Rivers, is a charming town with a plethora of ancient structures, as well as numerous parks and natural sites in the area.

Where to Retire for Less: Affordable NC Towns

It’s an affordable option for retirees, with median home listing prices hovering around $346,000. Additionally, the area offers excellent healthcare.

Those who enjoy being outside and in the water on a regular basis can fish and boat on the Trent and Neuse Rivers or go hiking and birdwatching in the Croatan National Forest.

Read More: Where to Settle Down: Michigan’s 5 Best Family Cities

Mount Airy

Often referred to as “Mayberry” because of its connection to “The Andy Griffith Show,” Mount Airy is a well-liked retirement destination for North Carolinians.

It is also incredibly affordable. With a median home listing price of roughly $278,000, expenses for housing, food, and energy are often less expensive here than they are nationwide.

Classic movie theaters and live music are shown at the Earle Theatre, which is located in the downtown area.

To Conclude

North Carolina presents a compelling option for retirees looking for a handy, scenic, and reasonably priced place to call home. Every place has its own distinct personality and charm, from the lively village of Hendersonville to the quaint seaside hamlet of Elizabeth City.

Whether you’re looking for a small-town feel, a mountain getaway, or a beach escape, North Carolina’s hidden jewels offer the appropriate balance of comfort and affordability, making them the perfect places to spend your senior years.

So begin preparing for your retirement vacation by packing your bags and setting out to find the ideal piece of paradise in North Carolina.

profile
With more than two years of expertise in news and analysis, Eileen Stewart is a seasoned reporter. Eileen is a respected voice in this field, well-known for her sharp reporting and insightful analysis. Her writing covers a wide range of subjects, from politics to culture and more.