This Laid Back North Carolina Town Made A List Of Best Places To Retire With No Savings

The thoughts of retirement loom over anyone of a certain age.  And, the overwhelming fear that haunts us is money, or the lack of.  After all, when the daily work grind ceases, so does the paycheck.  But, there are still places you can enjoy those post career days without breaking the bank.  And, one of our favorite laid back North Carolina towns made a list of bets places to retire with no savings.

According to GoBankingRates.com, around 40% of adults have next to nothing saved for retirement.  Hey, I pass no judgement on anyone.  We all struggle just to make it to the next paycheck these days.  But, it is a bit terrifying as we age.  However, after analyzing the 100 largest cities in the country with larger populations of folks 65 and older, Go Banking Rates ranked the best places to retire with no savings.

And, Pinehurst, North Carolina made the top 10 best places to retire with no savings.  Of course, affordability of these spots is a huge contributing factor.  But, a major plus among most on the list is no state taxes on Social Security benefits.  And, among other stats, with a 65 and older population of nearly 40%, Pinehurst saw their average home value at nearly $500,000 in 2023.  Groceries for the year rang in at an average cost of just over $4500, while annual healthcare costs were around $7500.  Go Banking Rates examined other areas including property taxes, utilities and transportation, also.

So, that's what we know about the numbers.  But, what about the quality of life in Pinehurst?  Well, it's basically the home of golf if that's your thing.  And, it's definitely my husband's thing.  He makes multiple trips a year to Pinehurst.  Therefore, he's familiar with how serene and beautiful the spot is.  He describes it as a laid back true Southern town with that old school hospitality and charm.  So, if we ever retire I guess Pinehurst hits our list of possibilities.

And, another of our favorites, North Myrtle Beach, South Carolina made GoBankingRates.com's  list of best places to retire with no savings.  So, check out the full list and read more about these attractive spots across the country!

If you're looking for a great place to retire look no further than North Carolina. The state offers affordable homes with mild winter temperatures. Additionally, easy access to the coast and mountains makes the state attractive to retirees. Retiring in North Carolina gives you the option of choosing a coastal area, bustling metro area, or college town. The experts over at US News and World Report ranked the top 5 cities to retire in North Carolina. This has me asking how can I be one of those people who retire in their 30s? #goals.

If your retirement dreams include moving to a quaint town full of relaxation, amenities, and activities then you’re in luck. There are some fantastic places to retire in North Carolina. Whether you want to golf, relax on the beach, revel in small-town living, or be closer to the city you won’t be bored in these cities and towns! Some offer various activities perfect for the retiree who wants an active lifestyle. Others are ideal for those looking to fully kick back and relax.

Read the full US News article here or keep reading to see where the top 5 cities to retire in North Carolina are.

Median monthly mortgage cost: $1,195
Median monthly rent: $846

Greensboro is much more affordable than the other large metro areas of the state but it's still a short drive from all those cities have to offer.

Median monthly mortgage cost: $1,419
Median monthly rent: $1,073

The largest city in the state has a lot to offer retirees and many others. And while the cost of living is higher than other areas of the state it's cheaper than many parts of the country.

Median monthly mortgage cost: $1,048
Median monthly rent: $708

Hickory keeps popping up on lists among the top cities in North Carolina, and in this case placing higher than Charlotte. It's lower cost of living is a large factor in those rankings.

Median monthly mortgage cost: $1,178
Median monthly rent: $790

A quieter city in the Triad and with easy access to the popular Yadkin Valley, Charlotte, lakes, and other resources makes Winston a fantastic place to retire.

Median monthly mortgage cost: $1,602
Median monthly rent: $1,162

The triangle gives residents all the benefits of a large city and a metro of the state's most prominent college towns.

Median monthly mortgage cost: $1,357
Median monthly rent: $953

While it has a significant cost of living, if you can afford to retire in Asheville then its money well spent to spend your time in the beautiful mountains.