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Its becoming increasingly important particularly for retirees living fixed incomes to reside somewhere that wont break the bank.
Welcome to North Carolina, where the cost of living is lower than the national average.
In this state, theaverage home valueis $329,341, according to Zillow.
Thats surely less than youd pay in more knownretirementhotspots like Florida or, financial heavens forbid, California.
But affordability isnt the only thing that matters to retirees, or anyone, really.
Safety matters, too.
Shelby
14.
Southern Pines
13.
Wendell
12.
Smithfield
11.
Albemarle
10.
Kernersville
9.
Graham
8.
Kannapolis
7.
High Point
6.
Reidsville
5.
Asheboro
4.
Mount Airy
3.
Eden
2.
Pinehurst
1.
Archdale
Photo is for representational purposes only and may not reflect the locations listed.
First, GOBankingRates found cities in North Carolina using the U.S. Census American Community Survey.
Using this data the percentage of the population ages 65 and over can be calculated.
The average single-family home value was sourced from Zillow Home Value Index for August 2024.
Using the average mortgage and expenditures, the monthly and annual cost of living can be calculated.
to qualify for this study the city had to have all data available and have at least 10,000 population.
All data was collected on and is up to date as of Sept. 30, 2024.
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