Chapel Hill, North Carolina – Retirement Guide

Chapel Hill, North Carolina   Retirement Guide

The pretty college town of Chapel Hill is one of the points in what’s become known as North Carolina’s “Research Triangle,” which also includes the towns of Raleigh and Durham. Together, these 3 towns are home to some of the nation’s top universities, including University of North Carolina and Duke, as well as groundbreaking companies like GlaxoSmithKline and IBM. Retirees hoping to pursue continuing education in their golden years will have no trouble at all in Chapel Hill.

The median home price of $288,750 may strike some as high compared to other North Carolina towns, but Chapel Hill’s cost of living is essentially on par with the national average. Nearby retirement communities offer amenities like golf and assisted living facilities. Additionally, the town’s crime rate is nearly 45 percent below the national average, and an unemployment rate of merely 5 percent means retirees hoping to work in retirement may have luck finding a job.

Residents can meander through the quaint downtown, mingling among the many students who permeate the area.

Pros: Part of the “Research Triangle,” a vibrant college town, world-renowned health care
Con: Housing costs may be high

At a Glance
Best For: Intellectuals
Population: 58,011
Cost of Living: 1.6% lower than national average
Median Home Cost: $288,750
Unemployment: 5.4%
Top State Income Tax: 7.75%
Crime Rate: 44.7% lower than national average

The eclectic university vibe can be spotted on a stroll through the area. Chapel Hill’s downtown is filled with eclectic shops and restaurants, coffee shops and performing arts spaces.

Another important bonus is the presence of the UNC Healthcare, the University of North Carolina teaching hospital, widely regarded as one of the best in the world. Nearby in Durham, residents will also find the renowned Duke University hospital, as well.

Top Retirement Cities in North Carolina:  Asheville | Chapel Hill | New Bern | Pinehurst | Winston-Salem

Photo by Mikel Manitius via Flickr. All statistics were up to date as of publication. See these sources for the most current data.