A Small Town In North Carolina Perfect For Retirees Is Also One Of The Cheapest Places To Live In America

Retirement isn't as simple as it used to be. As costs keep climbing, Americans are forced to watch every dollar. The Bureau of Labor Statistics found that the average household spent $77,280 in 2023, with housing alone eating up a third of that. That hits anyone on a fixed income particularly hard. While Social Security helps, many older adults still find their budgets stretched thin by medical bills, groceries, and even basic utilities.

Finding a place that won't drain your savings has become more urgent than ever. On that note, North Carolina stands out with one of the best economies in the country. Hickory, North Carolina, in particular, could be worth your time — with WorldAtlas naming it one of the most affordable places to live in the country. The town's roots go back to the late 1800s, and it has built its name in the furniture industry. Most importantly, because of its affordability and opportunity, living in Hickory means you can enjoy your retirement lifestyle without breaking the bank.

As of March 2025, RentCafe places the average rent in Hickory at $1,402 a month — about 10% below the national average. For buyers, Redfin reported an average home price of $349,900 in May 2025, well under the U.S. average of roughly $439,000. Utility bills run about 8% lower than the national average, with the typical energy bill at $186.58, leaving more room in a retiree's budget for health care, groceries, or even fun.

Weekly grocery costs in North Carolina averaged $266.23 in 2024, according to World Population Review. Similarly, transportation costs in 2025 are reasonable, with gas around $3.40 per gallon in 2025, according to Redfin – not far off from the national average of $3.32. Similarly, a tire rotation costs $54, which is below the national average of around $63. Dentist visits averaged $97.27, and doctor appointments came in at $135.48, both below the national averages of $117.51 and $143.7, respectively.

Retirees also score more savings on taxes since North Carolina doesn't tax Social Security benefits. Similarly, other retirement income — including things like pensions, 401(k), and IRA withdrawals – only face a flat 4.25% rate in 2025, dropping to 3.99% afterward, according to the North Carolina Department of Revenue.

Hickory makes it easy for seniors to stay active and social. For starters, the Hickory Farmers Market provides fresh produce, baked goods, and crafts from local vendors, giving residents the opportunity to shop, chat with neighbors, and enjoy live music or seasonal events. Plus, the city has 27 parks, three recreation centers, and two senior centers. These centers are open year round for walks, fitness classes, and meet-ups for folks aged 60 and up. Many Medicare plans also include something known as SilverSneakers, meaning that eligible members can get free or discounted access to the Highland Recreation Center, and classes, if their insurance covers it.

At the senior centers specifically, you can find regular activities such as BINGO nights, computer workshops, and group trips. Every year, the Unifour Senior Games invite anyone 50 and older to friendly sports, art, and fitness contests. Other community resources include Adult Life Programs, Inc. which offers day services for people with Alzheimer's and similar conditions, and Home Instead Senior Care, which steps in with help around the house, and rides, when needed.