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  1. Feb 26, 2021 · Social Security income is not taxed at the state level, however, withdrawals and payments from private retirement accounts like pensions and 401(k)s are fully taxed. So while you’ll save a bit on state taxes if you retire in North Carolina, it’s not the most tax-friendly state for retirees. Do seniors in North Carolina pay property taxes ...

  2. Jan 12, 2024 · Overall, North Carolina is a great state for retirees, with retirement-friendly tax structures, inexpensive housing, safe cities, and some of the best medical care in the world.

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  4. Nov 13, 2023 · When it comes to taxes, North Carolina, does not tax Social Security. However, unlike some of the retirement benefits in Virginia or South Carolina, income from a pension, 401(k), IRA or any other type of retirement account is all taxed at the North Carolina state income tax rate of 4.99%.

  5. Tax-Friendly Toward Retirees. Another major reason North Carolina is such a great state for retiring seniors is that it is very tax-friendly toward retirees. Social Security benefits are entirely exempt from taxes in the state. Other retirement income is subject to North Carolina’s flat 5.25 percent income tax, which is quite generous.

    • Lumberton. First on our list of the best places to retire in North Carolina is Lumberton. Lumberton is a town located right in the center of North Carolina’s breathtaking natural environment.
    • Wesley Chapel. Do you wish to live in a historic village close to Charlotte? Wesley Chapel is the ideal solution. Retirement residents are drawn to the Union County neighborhood’s family-friendly atmosphere, low crime rate, and reasonable cost of living.
    • Kinston. If you are seeking a relaxed lifestyle, Kinston is a great place for you. If you are an active person, you can unwind in this lovely riverbank neighborhood, which is also very affordable.
    • Eden. Eden is a beautiful small village west of Greensboro. It is your ideal haven if you wish to spend your retirement years in peace and quiet. With its inexpensive cost of living, reasonable median housing process, and low crime rate, it is a popular choice for many retirees.
  6. Apr 8, 2024 · Find out which cities are the safest in North Carolina based on the FBI’s most recent data on violent crimes and property crimes. See if your city made the list!

  7. Below are some of the best North Carolina cities in which to retire, all with populations of at least 20,000 residents. Keep in mind this is by no means a complete list, as we believe every city has much to offer retirees. Elizabeth City | Salisbury | New Bern | Laurinburg | Clayton

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