If you could dream up a permanent vacation, where would it be? Perhaps somewhere with year-round moderate temperatures, so that you can enjoy the outdoors whenever you’d like. Maybe the cost of living and taxes are low in that special place, so you can save more of your hard-earned dollars. Of course, it should be somewhere with beautiful scenery, and close enough to the ocean to take a day trip. Bonus points if it’s near a culturally-rich mecca, where art, music, and world-class dining are a way of life. Oh, and it should be easy to access, for when the family wants to visit, or when you feel like venturing out to visit them. Such a place exists, and it’s called The Triangle in Raleigh-Durham, North Carolina.
The Triangle consists of the cities of Raleigh, Durham and Chapel Hill, and all the communities between them. This part of the state is home to some of the most stunning scenery and livable towns in the nation, not to mention it has awesome tax benefits, and retirees are taking notice. In 2018, according to the U.S. Census Bureau, North Carolina was the third most popular relocation destination for people 60 years and older. Let’s explore some of the reasons that people love to call this area home!
1) Attractive Tax Benefits
North Carolina does not tax Social Security benefits, so it’s attractive to retirees who want to make their income stretch. For those who can’t shake the entrepreneurial spirit, the state also encourages business and entrepreneurship with its low income and corporate income taxes. We encourage you to meet with your tax adviser to review the latest tax benefits of retiring in North Carolina. One thing we know for sure is that it’s worth it!
2) Be Active, Every Day
The year-round mild climate beckons residents to get outside and enjoy the fresh air and sunlight. The Triangle alone is surrounded by over a dozen state parks and reserves, not to mention the 14 national parks throughout the state. Whether you prefer to hike, bike, paddle, or even fly, there’s an activity that’s close by and convenient. Within the cities and towns of the Triangle, there are miles upon miles of connected trails and greenways, making it easy to get your recommended dose of exercise every day, and then some. And if you love visiting the ocean, coastal North Carolina is dotted by charming towns and seaside destinations, just two hours away.
3) Moderate Temperatures | Four Distinct Seasons
For those who believe variety is the spice of life, you’ll find it in the four distinct seasons of central North Carolina. Fall is perhaps the most famous season to experience in central North Carolina, but every one of them is distinct, special, and celebrated with festivals and events. The weather is moderate enough that you can take advantage of fresh air and abundant sunshine all year long. Goodbye, snowplow!
4) Low Cost of Living
Tax benefits, a beautiful natural landscape, perfect beach settings – you can enjoy everything eastern North Carolina has to offer at a relatively low cost of living. The median home price is about $40,000 less than the national average, and gas, groceries and utilities are slightly less as well. A low cost of living makes for a life well lived!
Best Cities in the Triangle to Retire To
In the Triangle, there’s a town that fits your lifestyle and meets your needs. Whether you prefer the dining and craft beer scene of Fuquay-Varina, the charm and green spaces of Apex, or the laid-back lifestyle of Selma, there’s a community here that’s perfect for you.
With interest rates still relatively low and new construction picking up again, now is the perfect time to find a new home in the Triangle. If you need any help along the way, the team at New Home, Inc. is here for you!