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retire

Finding the Best Places to Retire Since 2006!

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Retire in Lake Lure, North Carolina?

Overview:   The resort town of Lake Lure is located in western North Carolina's beautiful Blue Ridge Mountains and is nestled around 718-acre Lake Lure, a popular water recreation area. With a mature demographic, this rural oasis has been a favorite retirement spot for years.

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Tourists flock here during the summer, swelling the population by 10 times and enjoying a bounty of outdoor activities. Several movies, including 1987's Dirty Dancing and 1992's The Last of the Mohicans, were filmed here. One glimpse of the area and it is easy to understand why, as green hills meet crystal blue water to create a breathtaking scene. The town caters to vacationers with shops, restaurants, campgrounds and hotels. Otherwise, there is a grocery store, a bank or two, a hardware store and the like. Residents enjoy a public beach and a public library, which has free wi-fi. Scenic Chimney Rock Park is a nearby mountain recreation area.

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Most homes sit in the woods and come in a variety of styles, although many feature cabin or chalet architecture.

Population:  1,500 (city proper)

Percentage of Population 45 or Better:  72%

Cost of Living:    10% above the national average

Median Home Price:  $295,000

Climate:  With an elevation of 1,200 feet above sea level, summer temperatures are in the 70s, 80s and low-90s.  Winter temperatures are in the 20s, 30s and 40s.   The area receives 55 inches of rain a year and an occasional dusting of snow.

At Least One Hospital Accepts Medicare Patients?   No, but Rutherford Hospital is 14 miles away and accepts Medicare patients.

At Least One Hospital Accredited By Joint Commission?   No, but Rutherford Hospital is 14 miles away and is accredited (and it is award-winning for spinal surgery excellence).

Public Transit:   Yes, the country provides a call-ahead, on-demand van service.

Crime Rate:   Below the national average

Public Library:   Yes

Political Leanings:   Very conservative

Notes:   The main road in and out of town becomes congested on summer weekends.  The town sponsors a weekly seniors meeting and has grown by 15% within the last decade.

Is North Carolina Considered Tax Friendly for Retirement?   Somewhat

Cons:    The area hosts hordes of summer tourists and has limited amenities.

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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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