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retire

Finding the Best Places to Retire Since 2006!

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Retire in Cornelius, North Carolina?

Overview:   Just outside of Charlotte in western North Carolina, Cornelius began as a cotton production center in the 1890s. It was, though, Duke Power's damming of the Catawba River in 1963 that began turning Cornelius into a Lake Norman resort.

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The town really began to boom in the 1990s when developers discovered the area. Today, waterfront single family homes and condos dot the shoreline. Many properties are made of brick or are modern plantation-style with double decker porches. Residents enjoy 10 city-administered parks with nature trails and greenways, and the lake, which is often crowded, has eight boating access points. Fishermen spend time catching bluegill, yellow perch and striped largemouth bass. Downtown is attractive with red brick buildings, flower planters and street side parking. The Cornelius Art Center has art classes, and a Friday farmers' market has fresh produce.

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The beautiful Peninsula Club boasts an 18-hole golf course, and the city is home to the North Carolina Sailing and Rowing Center, the Lake Norman Yacht Club and the Peninsula Marina and Yacht Club. Blythe Landing Park features floating piers, a cafe and a beach.

Population:  29,000 (city proper)

Percentage of Population 45 or Better:  35%

Cost of Living:    11% above the national average

Median Home Price:  $262,000    

Climate:  This area has hot, humid summers with temperatures in the 80s and 90s and mild winters with temperatures in 40s, 50s, 60s.   On average, 45 inches of rain fall each year.

At Least One Hospital Accepts Medicare Patients?   No, but Presbyterian Hospital is eight miles away in Huntersville and accepts Medicare patients.

At Least One Hospital Accredited By Joint Commission?   No, but Presbyterian Hospital is eight miles away in Huntersville and is accredited.

Public Transit:     Not around town, but there is an express bus into Charlotte.

Crime Rate:   Below the national average

Public Library:   Yes

Political Leanings:   Liberal

Is North Carolina Considered Tax Friendly for Retirement?   Somewhat

Cons:    The air quality is below the national average.

Notes:   The city has little racial diversity but has mushroomed by 1,000% in the last 10 to 20 years. Many long-time locals are not happy with the growth and feel that the city is overbuilt.

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Recommended as a Retirement Spot?   Yes

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North Carolina:

"Esse quam videri" is the motto of North Carolina, also known as the Tar Heel State. It was the 12th state to be admitted to the Union, joining the other states on November 21, 1789. North Carolina was also one of the Thirteen Colonies and was originally named the Province of Carolina. It was the second to the last state to declare its secession from the Union during the Civil War.

The state is situated in the Southeastern region of the United States and is bordered by South Carolina, Georgia, Tennessee and Virginia. The capital is Raleigh, but the largest city is Charlotte.

The historical people of North Carolina include the Chowanoke, Roanoke, Pamlico, Coree and Cape Fear Indians. The Revolutionary War impoverished the state of North Carolina for several years.

Charlotte is on a rapid growth streak thanks to its banking industry. North Carolina is also home to several universities, including the University of North Carolina, Duke University and North Carolina State University.

The state hosts more than 80% of the NASCAR racing teams and is the site of the Charlotte Motor Speedway. The Carolina Panthers represents North Carolina in the National Football League, and the Charlotte Bobcats play in the National Basketball Association.

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Stats:

Population - 10,147,788 

Persons 65 years old and over - 16%

High school graduates, age 25+ - 86% 

Bachelor's degree or higher, age 25+ - 25%

Persons of Hispanic or Latino origin - 10% 

White persons, not Hispanic - 63% 

Median household income - $46,868 

Median home value - $162,500

Social Security taxed? No

Source: U.S. Census Bureau

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