North Carolina City 3rd Best Nationally For Saving For Retirement
It’s never too early to start saving for retirement in North Carolina. And if you’re like most people you may wonder if you’re doing enough. The way the economy is and as inflation continues to soar there may not be “enough” to do. But some places can set you up better for that fantasized-about part of life.
Saving For Retirement In North Carolina
And one North Carolina city actually ranks as the 3rd best place to save for retirement. This is according to a new study by MutualFunds.com. They emphasize that where you live can have a monumental impact on your finances and savings. So MutualFunds.com set out to determine the cities that offer residents the best opportunities to save money for retirement.
Two North Carolina cities actually made the top 10 of this list, so if you are currently saving for retirement in North Carolina this is welcome news.
According to a new study by financial resource MutualFund.com, Overland Park, KS is the best city in the U.S. for building a retirement nest egg, while Los Angeles, CA is the worst. Researchers “analyzed key financial metrics across America’s 170 largest cities”. These metrics included household income, housing costs, poverty rate, and tax rates. They also accounted for variables including income growth, housing prices, cost of living, and unemployment rates.
Durham North Carolina came in at number 3 overall on this list behind Overland Park Kansas and Bosie Idaho. I’m clearly biased but I certainly rather live in Durham than Kansas or Idaho. Charlotte was the other North Carolina city saving for retirement in the best location. Here were the full top 10:
- Overland Park, KS
- Boise, ID
- Durham, NC
- Gilbert, AZ
- Arlington, TX
- Garland, TX
- Chandler, AZ
- Charlotte, NC
- Mesa, AZ
- Clarksville, TN
Being out west seems to be a good move when it comes to retirement planning. Though I personally don’t think I could handle summers in Arizona! Thanks to our friends at MutualFunds.org for sharing their research with us. You can read the full study here.
How Much Do You Need to Retire?
Melanie Day is a graduate of North Carolina State University. She has worked for Beasley since 2012 in a variety of behind-the-scenes roles in both digital and promotions. Melanie writes about a diverse range of topics some of her favorites include travel, restaurants, Taylor Swift, and college athletics. When not at work you'll find her at a country concert or NC State sporting event.
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