7 Most Affordable Towns to Retire in North Carolina
As factors like the growth of work-from-home jobs, a slowing economy, and the rising cost of housing grow more severe, many people are seeking to move away from more populous states and cities to smaller and more affordable places. With a cost of living that is 14% lower and a cost of housing that is 5% lower than the national average in the United States, (according to a RentCafe report based on the Council for Community and Economic Research Cost of Living) mixed with other aspects like mild weather and great access to parks that feature both beaches on the Atlantic coast and forested mountains in the Appalachians, North Carolina is growing in popularity for those looking for a place to retire.
Learn more about seven of the most affordable towns to retire to in the Tar Heel State.
Asheboro
Asheboro is a town in central North Carolina that offers retirees a peaceful environment close to nature without sacrificing the conveniences of city life. The median home price is considerably lower than in many other American towns, sitting at around $277,00 (according to realtor.com) versus $412,000 in the rest of the country. This clearly makes it an attractive choice for those on a fixed income.
Asheboro is also home to top-notch healthcare facilities, including the Randolph Hospital, ensuring residents have easy access to medical care. Asheboro is known for its vibrant cultural scene and plenty of natural beauty nearby. The North Carolina Zoo, one of the largest in the world, attracts visitors from across the state.
For history enthusiasts, the American Classic Motorcycle Museum and the Randolph County Historic Courthouse offer a glimpse into the town's past. Residents can also enjoy walks at the Birkhead Mountains Wilderness or take part in community events at the Sunset Theater.
Elizabeth City
Elizabeth City, situated in the northeastern part of the state, combines affordability with a waterfront setting near the mouth of the Pasquotank River. With the cost of living below the national average and reasonable home prices, averaging out at around $324,000, it's a good spot for retirees who are looking for a laidback environment while on a budget.
The town has a low crime rate and is known for its friendly community atmosphere. Healthcare needs are well-served by the Sentara Albemarle Medical Center. Elizabeth City also has an abundance of historical and cultural landmarks to check out. The Museum of the Albemarle showcases the area's maritime heritage, while the Arts of the Albemarle is a hub for local artists and performers. The Pasquotank River offers scenic views and boating opportunities. Also, the annual North Carolina Potato Festival is held locally, which draws visitors from across the region for its parades and live entertainment.
Hendersonville
Hendersonville is a picturesque town of around 15,500 residents that is located in western North Carolina. As with many cities and towns in this region, it is known for its mountains, and better yet, affordable cost of living. The housing market here is less expensive and more accessible than in nearby Asheville, a much larger and busier city, with median home prices around $482,000 compared with $594,000 in Asheville.
Hendersonville is also famous for its exciting downtown core, where you can go see the local selection of shops, art galleries, and restaurants serving up local foods like Carolina-style BBQ. In town, the Henderson County Heritage Museum offers insights into the local history, while the Carl Sandburg Home National Historic Site celebrates the legacy of the famed poet. Nature lovers can find plenty of outdoor activities at the nearby DuPont State Recreational Forest, renowned for its waterfalls and hiking trails.
Hendersonville's healthcare system is fairly robust considering its size, with AdventHealth Hendersonville providing comprehensive medical services.
New Bern
At the confluence of the Trent and Neuse Rivers, New Bern offers you a picturesque town with many historic buildings and tons of nearby parks and natural landmarks. In affordability, median home listing prices sit around $346,000, and high-quality healthcare makes it a compelling choice for retirees. The CarolinaEast Medical Center provides a full range of medical services
New Bern's historical roots run deep, with attractions like the Tryon Palace, the state's first capital, and the New Bern Firemen's Museum, which tells the story of America's oldest fire company. The main downtown area is an attraction of its own, with a huge selection of shops, restaurants, and galleries.
Those who love getting outside and on the water regularly can boat and fish on the Neuse and Trent Rivers or explore the Croatan National Forest for hiking and birdwatching.
Mount Airy
Mount Airy, often known as "Mayberry" due to its association with "The Andy Griffith Show," is not only charming but also very reasonably priced and a known retirement spot for North Carolinians. The cost of things like food, housing, and energy bills is generally lower here than the national average, with the median home listing price around $278,000.
Mount Airy celebrates its connection to Andy Griffith with the Andy Griffith Museum, and residents can take a tour of the town's iconic sites from the show. The downtown area features classic storefronts, and the Earle Theatre houses live music and classic films. For outdoor activities, retirees and all other residents can visit the nearby Pilot Mountain State Park, offering hiking and breathtaking views of the region.
Its small-town atmosphere is complemented by a strong sense of community, with a nicely sized population of just around 10,617. Residents have access to several healthcare services too, namely at Northern Regional Hospital.
Salisbury
Salisbury, located a short drive north of Charlotte, is a great place to retire if you want to stay close to the city without paying big city prices. Median home listing prices are $299,000, significantly lower than the current national average of $412,000. Excellent healthcare services are readily available here, with Novant Health Rowan Medical Center meeting the community's medical needs.
Salisbury has a well-known, historic downtown where you can explore abundant, beautifully preserved 19th-century architecture. This area is also home to the Salisbury Symphony Orchestra and the Piedmont Players Theatre. The North Carolina Transportation Museum, located in nearby Spencer, offers a fascinating look at the state's transportation history. Also nearby, be sure to visit the Lake Corriher Wilderness Area for great fishing and hiking.
Sanford
Sanford, situated in central North Carolina, is a hub for avid golf lovers, as several top courses are conveniently nearby. While golf isn't the only attraction, the region's favorable climate allows for year-round golfing, giving access to courses like Sanford Golf Course and Carolina Trace Country Club.
Those who enjoy outdoor activities besides golf can visit San-Lee Park, which features hiking trails, a scenic lake for kayaking, and fishing. The downtown area offers a variety of local shops, restaurants, and art galleries, making it an ideal spot for retirees to explore. Sanford also boasts the historic Temple Theatre, hosting performances and events throughout the year. Additionally, the Railroad House Historical Association celebrates the town's railway heritage, appealing to train and history enthusiasts.
For healthcare, Central Carolina Hospital provides comprehensive medical services for residents and visitors alike.
Find Peace in North Carolina
North Carolina offers a variety of affordable towns perfect for retirees looking for a peaceful and rewarding lifestyle. Each town has its own distinct appeal, from Asheboro's wildlife attractions to New Bern's historic landmarks. Whether you're interested in waterfront views, mountain scenes, or a lively culture, you'll find a perfect place to suit your preferences in this state. These towns provide affordable living along with quality healthcare, safety, and a strong sense of community. With so many options, retiring in North Carolina can offer both comfort and exciting experiences.
