Charlotte, North Carolina is known for a lot of things. From being the home of the Carolina Panthers, to having a lot of college students and a highly education population, Charlotte has a pretty good reputation in general. But one thing we bet you didn’t know is that Charlotte, North Carolina, is also a great place to retire. And we’re here to tell you why.
1. Lots of communities geared towards retirees.
You will be able to find a living space that feels immediately like home! Charlotte prides itself on having many communities that are either designed for people ages 55 and up, or just happen to attract a lot of people in that age group.
2. Housing costs are low.
Averaging at about $300,001-$500,000 for the average home price, you will be able to find plenty of affordable options here! That’s important for retirees who are adjusting to life without an income and don’t want to stress about money.
3. You will definitely stay comfortable in the winter.
Because Charlotte is located in a more tropical, southern part of America, things can be pretty hot and humid. In the winters you won’t have to worry about having enough layers or shivering. The average temperature in January ranges between 41 and 60 degrees, so you will comfortably stay above freezing.
4. A lot of culture.
Like the name suggests, UNC Charlotte is located in Charlotte. The college hosts a lot of events and activities for the whole community, so you will have plenty of opportunity to get out of the house and experience something new!
5. Plenty of good restaurants.
Charlotte is a city with a lot of life, and it has a distinct Southern flair. While there is a wide variety of restaurants, BBQ in Charlotte remains a fan favorite and very good.
6. A lot of doctors and hospitals.
At any age, it’s important to live somewhere with quality healthcare. In and around Charlotte, there are a lot of hospitals of your choosing, as well as any number of specialist doctors. No matter what, you will be able to be taken care of.
7. It’s a hub of banking.
So your financial needs will always be met. Charlotte, NC is the headquarters of Bank of America, and there are many other banks and financial services here too. Some of these corporations also help fund different events in the city.
8. Low unemployment rate.
Once you retire, you may find yourself wanting to go back into the workforce. Thanks to Charlotte’s low unemployment rate (4.9%) and plethora of jobs, you will be able to find work for yourself.
9. The vibrant economy is good for everyone.
Charlotte is known to have a vibrant economy, and that is good for everyone in the community. Even if you aren’t working, it benefits you to live in an area with high levels of employment and diverse industries. According to PlanH:
“By creating the conditions for a vibrant economy – which provides for increased economic security and financial sustainability – it is possible to contribute to positive individual and social outcomes such as improved access to basic necessities (food, clothing, housing) as well as access to the types of social, economic, recreational, and educational opportunities needed to promote individual health and well-being.”
10. It’s a vibrant city for citizens of any age.
Charlotte is already a big city, and it is growing fast. Supported by a large college population as well as many options for industry, Charlotte attracts a diverse population. That means that there are all sorts of different activities and cultures for you to experience, so you will never get bored.
11. Don’t just take our word for it!
According to Magnify Money, Charlotte is ranked as one of the best places to retire (it earned the #4 spot). And BestPlaces ranks Charlotte as #5 on the list of Most Romantic Cities for Boomers. It’s a great city with a lot to do, while remaining affordable.
For more information about retiring in North Carolina, read here.
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