Moving to North Carolina Checklist Overview
From the Appalachian Mountains, beautiful coastlines, rich cultural history to promising career opportunities, North Carolina is a pristine place that any baby boomer, Generation Z, and the middle age-grouped person can enjoy living in. So, if you’re planning to live in North Carolina, know that you’re not alone.
Thousands of people choose this state every year. It all starts with knowing what to expect to make your life comfortable. So, here is a moving to Colorado checklist to prepare you psychologically for North Carolina living.
1. Research the housing market
Like any other state in the US, where you live in North Carolina determines the cost of housing and other amenities. At face value, places like Charlotte, Winston-Salem, Greensboro, and Raleigh have the most affordable houses. If your budget allows you, consider buying a home in any of these places.
Studies suggest that buying a home is more cost-effective than renting in North Carolina. For example, you’ll spend an average of $1,294 per month buying a home against $1,493 per month renting in Raleigh for 48 months.
Assuming a home value is $220,710, what’s the point of spending thousands of dollars renting a house when you can apply for a mortgage and have the house permanently registered in your name?
2. Expect a typically mild climate
Geographically speaking, North Carolina lies between the north and south parts of the US. So, that means the weather conditions vary depending on the season. Like any other state in the US, North Carolina is prone to disasters like hurricanes, but the presence of the Appalachians doesn’t pose a risk of volcanic eruptions.
Averagely, the temperatures in this region can go up to 100 degrees, and so will the humidity levels in summer. That means you need to prepare for unpredictable weather. The only way to survive is to choose a house with ample closet space to accommodate the extra layers you might need to wear during storms.
3. Try your luck applying for a job in the promising job market
Whether you’re looking for a job or have already landed one in North Carolina, finding out how the job market behaves can help you determine if it’s the best place to live in. In 2019, North Carolina occupied the 29th position based on the state economy ranking. Its GDP growth rate is 3.4%, making it the 10th highest in the US.
So, if you’re a job seeker, try your luck applying for different positions in industries like tourism, aerospace and defense, business and financial services, automotive and heavy machinery, furniture, information technology, and many others.
4. Research the cost of living in North Carolina
As is expected, you want to know how much the government charges in terms of taxes and the cost of living in North Carolina. If you’re budget-conscious, buy or rent a home in Charlotte.
Other places like Asheville, Winston-Salem, Greensboro, and High Point also attract a lower cost of living compared to New York. But as time goes by, home prices in these places might escalate, which is why buying a home in January is a good idea.
5. North Carolina is the home to the most prestigious higher education institutions
Currently, North Carolina houses more than 10 universities and colleges, but the ones that stand out from the crowd are Duke University and the University of North Carolina.
This makes it a perfect destination for people looking for prestigious higher learning institutions. Whether you want to work or study in higher education, all there is to do is identify a school that suits your learning requirements and submits your application.
6. The locals are friendly
While finding an ideal housing solution should be your top priority when moving to North Carolina, determining if the people are friendly to newcomers should be equally important.
From tour guides to the locals, almost everyone in NC doesn’t mind showing you around, provided you’re approachable.
To get the most out of North Carolina’s attractions, plan your vacation at the beach or mountains. When it comes to the coastline, you won’t have a problem finding your way and making friends in the process. This is a definite win-win for everyone.
7. Be ready to get immersed in diverse cultures
Currently, Latinas are occupying North Carolina in drones. Their population increased from 1.2% of the state’s population to 8.7% in 1990.
The Asian community also finds North Carolina hospitable, making it a perfect place to fit in.
Because of this, NC qualifies as one of the most diverse places to live. So, get ready to mingle with people from all walks of life if you’re looking to make your stay worthwhile.
8. The ideal destination for retirees
As you plan your retirement, you want to know if moving to North Carolina will help you navigate your sunset years. It will please you to know that this state has some of the most fantastic tourist attractions like the majestic mountains and elegant coastlines.
On matters of housing, North Carolina’s housing industry is considered one of the ideal places to buy a house. Even better, retirees’ cost of living is 3.7% cheaper than the national average. Also, North Carolina doesn’t impose taxes on Social Security income. You may pay for other taxes, which are way lower than other states.
The best places for retirees looking to live in North Carolina include Brevard, Asheville, New Bern, Outer Banks, and Davidson. Whether you’re a hiker, beach lover, or shopping enthusiast, North Carolina has something for everyone. And if you like professional sports, get ready to support your favorite team for NFL, NBA, NHL, or NASCAR. It all depends on how you plan to spend your retirement years.
Whether you’re moving to North Carolina for the first time or the umpteenth time, it’s vital to understand how the change will impact your budget. It starts by consulting a financial advisor to explain how the state economy behaves all year round.
This step will help you determine if you can afford the cost of living. Once you compare your current budget with the cost of living, it helps you plan in advance. Read Moving to New York here.