North Carolina, or the Tar Heel State, can be an excellent place for you to retire. There's a lot to do in this city. Of course, North Carolina has you covered if you want to live by the ocean. But, if you're going to retire to the mountains, North Carolina has that. The state is known for its hot summers, cold winters, and good times. The state is also known for its cost of living. These costs can be lower than in the rest of the country. Read below as we break down the cost of living in North Carolina compared to the rest of the country.
Overall, North Carolina is a state where living costs are over 5 points more than the national average. North Carolina is cheaper than the national average in all departments, including rent, though not by much. However, housing is almost 10 points less than the average, with a median home cost of over $100k less. So if you're looking to retire to a lovely home in the state, you're in luck, as North Carolina can be cheap. Depending on where you live, the cost of living can be even more affordable, so do your research to find the best place for you to settle in North Carolina.
| COST OF LIVING | North Carolina | United States |
|---|---|---|
| Overall | 94.9 | 100 |
| Grocery | 97.4 | 100 |
| Housing | 91.8 | 100 |
| Median Home Cost | $172,500 | $291,700 |
| Utilities | 97.2 | 100 |
| Transportation | 95.1 | 100 |
| Miscellaneous | 99.2 | 100 |
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