North Carolina

Cost Of Living In North Carolina | Bankrate

Published

2 years ago

November 23, 2022

Cost Of Living In North Carolina | Bankrate

Located properly on the southeastern coast of the USA, North Carolina is a candy spot for delicate climate, low unemployment and reasonably priced residing.

Over 10 million People name the state house, in accordance with its Workplace of State Price range and Administration, and the inhabitants is anticipated to strategy 14 million by 2050. Knowledge from the U.S. Bureau of Financial Evaluation reveals that North Carolinians spent a median of $38,295 per 12 months on residing prices in 2020, properly beneath the nationwide common of $42,635.

With the Blue Ridge and Smoky mountains, 300 miles of Atlantic seashores and lots of big-name faculties and universities, this state’s recognition is bound to proceed. Let’s break down the price of residing in North Carolina.

Housing prices

Shopping for a house in North Carolina will in all probability value you lower than it might in lots of different states, in accordance with Redfin knowledge. The median sale value within the state was $345,300 as of October 2022, which is greater than $30,000 lower than the present nationwide median of $379,100.

Nonetheless, costs can fluctuate wildly relying on the place within the state you’re trying to name house. For instance, shopping for a home in a scorching space, like coastal Wilmington or big-city Charlotte, will value you round $400,000 or increased — typically significantly increased — whereas properties in smaller cities or rural areas may be had for a lot much less. Bankrate’s new-house calculator may also help you determine how a lot home you’ll be able to afford right here.

Renters may be capable to rating a deal in North Carolina. Zillow Rental Supervisor knowledge places the state’s median hire at $1,875, which is greater than $200 monthly lower than the nationwide common of $2,100.

Job market in North Carolina

North Carolina boasts a sturdy job market, with loads of tourism and key industries together with aerospace, prescription drugs and meals manufacturing, in accordance with the state’s Division of Commerce. The Analysis Triangle space of Raleigh, Durham and Chapel Hill is house to a few giant universities — NC State, Duke and UNC — and the most important analysis park within the U.S. Large firms like Lowe’s, with headquarters in Mooresville, and Financial institution of America, based mostly in Charlotte, are additionally main employers.

The state’s unemployment price of three.8 p.c locations North Carolina in the midst of the nation, rating thirty first per the Bureau of Labor Statistics as of October 2022. Knowledge from ZipRecruiter, an employment web site, exhibits the common annual wage within the state is simply over $54,000.

Meals prices

Like most markets nationally, latest Shopper Worth Index numbers within the area have been monitoring upward for meals prices. Meals costs throughout the South elevated by simply over 11 p.c between October 2021 and October 2022. The Meals at Dwelling class, which incorporates on a regular basis grocery objects like eggs, milk, produce and baked items, noticed an excellent sharper spike of 12.7 p.c. The MIT Residing Wage Calculator places North Carolina food-related bills at $3,351 per 12 months for a single particular person, or $9,856 for a household of 4.

Transportation

Public transportation choices all through the state embody buses, trains and ferries. Choices are extra strong within the bigger cities — for instance, the Charlotte Space Transit System (often known as CATS) affords specific buses, native shuttle routes and two light-rail prepare traces.

MIT’s calculator estimates the state’s annual transportation prices for a single particular person at $5,509. The common value of gasoline in North Carolina, per AAA knowledge, was $3.29 per gallon as of late November — that’s greater than 20 cents cheaper than the nationwide common.

Native and state taxes & charges

There isn’t any state property tax in North Carolina, giving householders within the Tar Heel State a break on this area. Property taxes on actual property are assessed on the native stage, although.
The person earnings tax price is a flat 4.99 p.c for tax 12 months 2022, down from 5.25 in recent times. State laws has set the earnings tax price to proceed declining yearly; it’s set to hit 3.6 p.c by 2026.
State gross sales tax is a comparatively low 4.75 p.c, with the Tax Basis rating it 35 out of the 50 states. However mixed with regionally assessed gross sales taxes, the entire rises to six.98 p.c, with a rating of 26.
As of late November 2022, mortgage charges in North Carolina have been averaging 6.81 p.c for a 30-year fastened mortgage and 6.17 p.c for a 15-year fastened.

Shifting to North Carolina

The general value of residing in North Carolina could also be favorable in comparison with the place you at present stay. Whereas costs throughout numerous sectors have gone up all through 2022, housing costs and lots of different prices proceed to be decrease than the nationwide common.

Earlier than transferring, use Bankrate’s value of residing calculator to crunch the price differential between your present locale and the place you’d like to maneuver in North Carolina. When you do determine to relocate right here, significantly from out-of-state, don’t neglect to issue the price of transferring itself into your funds.

FAQs

The price of residing isn’t low cost wherever nowadays, however North Carolina tends to be extra reasonably priced than many different states. Median house sale costs, hire costs and lots of taxes are usually decrease than the nationwide common. In response to MIT’s Residing Wage Calculator, the residing wage in North Carolina for a household of 4 works out to about $23.81 per hour — decrease than the U.S. common of $24.16. BestPlaces.internet ranks the state’s total value of residing at 91/100, with 100 representing the nationwide common. Main cities are usually dearer than smaller cities or rural areas.
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In response to MIT’s Residing Wage Calculator, the residing wage in North Carolina for a household of 4 works out to $23.81 per hour, whereas a single particular person’s residing wage could be $17.14 per hour. (It defines “residing wage” as the quantity a person must earn to help themselves and their household.) Given a 40-hour workweek and 52 weeks per 12 months, this works out to an annual wage of about $49,500. Per ZipRecruiter, the common wage within the state is $54,244.

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North Carolina

Sources: Belichick adds 2 veteran coaches to staff

Published

3 hours ago

January 15, 2025

Press Room

Sources: Belichick adds 2 veteran coaches to staff

Pete Thamel, Senior College Sports InsiderJan 15, 2025, 06:16 PM ET
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Bill Belichick’s first coaching staff at North Carolina continues to come together.

Longtime NFL special teams coach Mike Priefer and veteran SEC offensive line coach Will Friend are expected to finalize deals to join Belichick’s staff, sources told ESPN.

After coaching for nearly a decade in college, Priefer started in the NFL in 2002 and was a special teams coordinator in the NFL from 2006 to 2022. He is noted in Browns history as serving as the head coach in a January 2021 wild-card victory over the Pittsburgh Steelers, which is the franchise’s only postseason win since the 1994 season. Priefer stepped in for Kevin Stefanski, who watched the game at home with COVID.

Priefer was the special teams coordinator for the Chiefs (2006-08), Broncos (2009-10), Vikings (2011-18) and Browns (2019-22). He brings ties to the Naval Academy, something he shares with Belichick and his family. Priefer is a Navy graduate and served as a graduate assistant there.

Friend worked last season as Western Kentucky’s offensive coordinator. He brings strong recruiting ties in the South, having worked at Georgia, Tennessee, Auburn and Mississippi State as the offensive line coach. He has also worked as the offensive coordinator at Colorado State and WKU.

Friend has a long history of developing linemen for the NFL.

With Priefer and Friend, there are six known members of Belichick’s staff, which includes longtime NFL coach Freddie Kitchens as the offensive coordinator and veteran NFL coach Stephen Belichick as the defensive coordinator.

The hires line up the objectives of Belichick, who has stressed that he wants to run the Tar Heels like a pro program.

Before taking the UNC job, Belichick told ESPN’s Pat McAfee that if he were to run a college program, it would be a “pipeline to the NFL for the players that had the ability to play in the NFL.”

He added: “It would be a professional program. Training, nutrition, scheme, coaching, techniques that would transfer to the NFL. It would be an NFL program at a college level and an education that would get the players ready for their career after football.”

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North Carolina

Dozens in western NC kicked out of hotels Tuesday despite FEMA extending deadline, officials say

Published

11 hours ago

January 15, 2025

Press Room

Dozens in western NC kicked out of hotels Tuesday despite FEMA extending deadline, officials say

Despite the Federal Emergency Management Agency (FEMA) extending the deadline, dozens of people in western North Carolina were left without shelter Tuesday night after being kicked out of the hotels FEMA provided as temporary housing for those impacted by Hurricane Helene.

On Monday, FEMA announced it was extending the deadline for its Transitional Sheltering Assistance (TSA) program for victims of Helene in western North Carolina.

Through the program, FEMA paid for hotel and motel rooms for thousands of people displaced by Hurricane Helene.

Tuesday just before 3:30 p.m., FEMA said on X that “current eligible occupants can remain in their lodging through the end of March 2025.”

But hours later, Senator Ted Budd posted this message on X:

“My office is hearing from dozens in WNC who have been kicked out of their hotels tonight, despite FEMA’s announcement yesterday that they were extending Transitional Sheltering Assistance through January 25.

“This is unacceptable. This needs to be fixed TONIGHT.”

Senator Thom Tillis also called out FEMA Tuesday night on X:

“My office has been helping dozens of Helene victims today who have been told their hotel vouchers expired despite not having a safe and livable home to go back to. Their homes have mold and broken windows…it’s 20 degrees tonight. Hotels are trying to help them, and a number of nonprofits are stepping up to pay for victims to stay in their hotels so FEMA has another day to get its act together.

“This is a total breakdown on the part of FEMA.”

This comes after Governor Josh Stein was in western North Carolina that same day.

On Tuesday, Stein posted a photo of himself eating a BBQ sandwich at JRO’s in Canton.

Gov. Josh Stein eating sandwich in Canton Tuesday (Photo: Josh Stein Facebook)

“My team and I have been working hard to maintain temporary housing assistance for people in western NC,” the governor said Monday, one day prior, on X.

Senator Budd said later on Tuesday that he had been in contact with FEMA Administrator Deanne Criswell and encouraged those in need of assistance to contact his office at budd.senate.gov.

WRAL News reached out to FEMA, and this was the agency’s response:

“If any survivors still need housing assistance or feel their TSA eligibility ended in error, they should immediately call the FEMA helpline at 1-800-621-3362.”

If you were impacted by this situation and would like to share your experience with WRAL, go to wral.com/reportit.

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North Carolina

NC Lottery Mega Millions, Lucky For Life results for Jan. 14, 2025

Published

20 hours ago

January 15, 2025

Press Room

The NC Lottery offers several draw games for those aiming to win big. Here’s a look at Tuesday, Jan. 14, 2025 results for each game:

Winning Mega Millions numbers from Jan. 14 drawing

04-14-35-49-62, Mega Ball: 06, Megaplier: 3

Check Mega Millions payouts and previous drawings here.

Winning Lucky For Life numbers from Jan. 14 drawing

03-06-17-26-39, Lucky Ball: 04

Check Lucky For Life payouts and previous drawings here.

Winning Pick 3 numbers from Jan. 14 drawing

Day: 2-0-1, Fireball: 3

Evening: 3-3-6, Fireball: 3

Check Pick 3 payouts and previous drawings here.

Winning Pick 4 numbers from Jan. 14 drawing

Day: 0-2-7-8, Fireball: 8

Evening: 8-8-1-4, Fireball: 2

Check Pick 4 payouts and previous drawings here.

Winning Cash 5 numbers from Jan. 14 drawing

11-17-19-20-33

Check Cash 5 payouts and previous drawings here.

Winning Double Play numbers from Jan. 14 drawing

18-24-36-37-43

Feeling lucky? Explore the latest lottery news & results

Are you a winner? Here’s how to claim your lottery prize

All North Carolina Lottery retailers will redeem prizes up to $599.

For prizes over $599, winners can submit winning tickets through the mail or in person at North Carolina Lottery Offices. By mail, send a prize claim form, your signed lottery ticket, copies of a government-issued photo ID and social security card to: North Carolina Education Lottery, P.O. Box 41606, Raleigh, NC 27629. Prize claims less than $600 do not require copies of photo ID or a social security card.

To submit in person, sign the back of your ticket, fill out a prize claim form and deliver the form, along with your signed lottery ticket and government-issued photo ID and social security card to any of these locations:

Asheville Regional Office & Claim Center: 16-G Regent Park Blvd., Asheville, NC 28806, 877-625-6886 press #1. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
Greensboro Regional Office & Claim Center: 20A Oak Branch Drive, Greensboro, NC 27407, 877-625-6886 press #2. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
Charlotte Regional Office & Claim Center: 5029-A West W. T. Harris Blvd., Charlotte, NC 28269-1861, 877-625-6886 press #3. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
NC Lottery Headquarters: Raleigh Claim Center & Regional Office, 2728 Capital Blvd., Suite 144, Raleigh, NC 27604, 877-625-6886 press #4. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes of any amount.
Greenville Regional Office & Claim Center: 2790 Dickinson Avenue, Suite A, Greenville, NC 27834, 877-625-6886 press #5. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
Wilmington Regional Office & Claim Center: 123 North Cardinal Drive Extension, Suite 140, Wilmington, NC 28405, 877-625-6886 press #6. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.

Check previous winning numbers and payouts at https://nclottery.com/.

When are the North Carolina Lottery drawings held?

Powerball: 10:59 p.m. Monday, Wednesday, and Saturday.
Mega Millions: 11 p.m. Tuesday and Friday.
Lucky for Life: 10:38 p.m. daily.
Pick 3, 4: 3:00 p.m. and 11:22 p.m. daily.
Cash 5: 11:22 p.m. daily.

This results page was generated automatically using information from TinBu and a template written and reviewed by a Carolina Connect editor. You can send feedback using this form.

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