Could North Carolina be the new Florida?
According to recent US Census Bureau data, more adults are choosing North Carolina for retirement, making the Raleigh-Cary area one of the fastest growing places to retire.
Compiled by the personal finance website NerdWallet, the list of the fastest growing places to retire in the US was based on growth of population of those ages 65+.
When to retire is one of life’s biggest decisions, but where to retire is an often-overlooked question that can be equally important. Using data from the U.S. Census Bureau, NerdWallet crunched the numbers to find the country’s fastest growing metropolitan areas for retirees.
The official list ranked the top 75 metro areas, and Raleigh-Cary, NC was ranked above Jacksonville, FL. While relaxation and migration to the sunshine state has been popular for older adults, they may be choosing the Raleigh area for retirement because of all that it has to offer. Hospitals like Duke, UNC and Rex Healthcare, a mild climate, and a great selection of retirement communities help make the area a great place to retire.
Other high ranking cities on the list include Phoenix (AZ), Portland (OR), Las Vegas (NV), and Detroit (MI). For a complete list of 2014’s fastest growing places to retire in the US, click here.
The Triangle area of North Carolina (Raleigh, Durham & Chapel Hill) have certainly been no strangers to retirement “best of” lists – frequently ranking high in lists from Forbes and AARP.
Last year, CNN’s Money Magazine called Raleigh, NC one of their Top 10 Best Places to Retire. Along with food and area attractions, Money Magazine noted that North Carolina does not tax Social Security Benefits. North Carolina also does not have an inheritance tax or estate taxes.
CNN’s Money Magazine says:
This state capital’s thriving economy and proximity to top universities have long made it a prime relocation destination. And recently more of those new faces have had a few wrinkles: From 2000 to 2010 the city’s population of 55- to 64-year-olds shot up by 97%, according to the Brookings Institution…
The pros of retiring in Raleigh: temperate weather and a strong economy for encore careers.
If you’re looking for retirement options in Raleigh, visit our Assisted Living and Retirement Community areas. Home Health Care is also popular in the Triangle, and Home Health Care and Hospice options can be found at www.HomeCareChoice.com.