North Carolina
What $500,000 buys you in North Carolina vs New Jersey is not even close
Before I came back to NJ 101.5 last August, I had a few months where things were quiet on the radio front in New Jersey and over in Philly. Quiet enough that my phone started ringing from other places.
Charlotte. Raleigh. Two separate conversations with two separate radio stations in North Carolina. I did the interviews. I listened to their stations carefully and gave their managers honest thoughts on how to improve their programming. I went far enough down the road that I had to actually think about it — not as a hypothetical, but as a real decision Linda and I would have to make about our lives.
I did not take either job. I came home to NJ 101.5 instead, which is exactly where I belong. But I spent enough time with those numbers — housing, taxes, cost of living — that they are still sitting in my head. And every time I read about another wave of New Jersey residents heading south, I think about what I saw.
What $500,000 buys you there
The median home price in Charlotte right now is around $415,000. In Raleigh it is around $426,000. That means $500,000 is not the ceiling — it is well above the median. It buys you a serious house. A newer construction home in a desirable suburb. Four bedrooms, three baths, a two-car garage, a backyard worth using. In some neighborhoods, a finished basement and a covered porch on top of that.
In and around New Jersey, $500,000 is a starting point for a conversation. In many parts of the state it gets you something modest. In Bergen, Morris or Essex County it barely qualifies as entry-level. The median home price in New Jersey sits around $584,000 — and that is the middle. Half the homes in the state cost more than that.
What $500,000 buys you here
The house math is only the beginning. The part that really stings is what comes after you buy it.
New Jersey’s effective property tax rate is 1.77 percent — the highest in the country. On a $500,000 home that is roughly $8,850 a year, and the statewide average bill has already pushed past $9,800. North Carolina’s effective property tax rate is 0.62 percent. On the same $500,000 home — the better house you bought for less money — that is about $3,100 a year.
The difference is more than $5,700 annually. Every single year. That is before you factor in that North Carolina has a flat income tax rate of 3.99 percent — dropping further — while New Jersey’s top rate hits 10.75 percent. That is before you factor in car insurance, which costs the average NJ driver about $3,400 a year compared to roughly $1,600 in North Carolina. That is before the tolls.
Add it up and the gap between living in New Jersey and living in Charlotte or Raleigh is not a number. It is a lifestyle.
What I found out about those cities
I want to be fair here, because during those months I paid real attention to both places. Charlotte feels like a city — South End, NoDa, Plaza Midwood, Dilworth. Real neighborhoods with restaurants and music and a downtown that works. Raleigh has the Research Triangle, Apple, Google, a university ecosystem that brings in young energy and jobs. The weather is genuinely good — not Florida humid, not the frozen tundra —this past winter fresh in our minds.
Both cities are growing fast because people from New Jersey, New York, and Pennsylvania keep arriving and discovering what the math already told them.
I have my own South Carolina data point too. In May of 2020, at the peak of COVID, Linda and I drove down to Charleston for over a week. Our reason was straightforward — South Carolina was still largely open when New Jersey was not. Open restaurants. Open bars. Folly Beach was packed and alive while the Jersey Shore sat empty. I liked it there. I liked the pace, the vibe, the waterfront. I remember thinking, I could live here. And what your money buys you in Charleston versus here is its own kind of revelation.
SEE ALSO: 192,00 have left NJ since 2020 — Is your town next on the list
Our home — 33 years and counting | photo by EJ
So why didn’t I go
Because of thirty-three years in the same house. Because of raising two kids here. Because of the friends we have known since before any of this happened. Because holiday and summer weekend gatherings are not a flight away.
When I thought about it honestly — really honestly — I realized I would rather leave the business I love than leave the home, the family, and the community we have spent a lifetime building. That is what kept me here. Not the taxes. Not the property values. Not the math — which, as I have just laid out, loses badly.
I made peace with that. I am genuinely glad I stayed. I am exactly where I want to be.
People leaving New Jersey are not leaving because they want to. They are leaving because the math eventually wins. I just happened to be one of the ones for whom it did not.
At least not yet.
LOOK: Here’s where people in every state are moving to most
Gallery Credit: Amanda Silvestri
North Carolina
JetZero Breaks Ground on First Aircraft Factory in Greensboro, North Carolina
JetZero will make the Z4 in Greensboro. Designed for the unserved commercial middle market, with 250 passenger capacity on a range of up to 5,000 nautical miles, the Z4 will be up to 50 percent more fuel efficient with an elevated passenger experience and will readily fit into today’s airport infrastructure.
“Today, a great new chapter in North Carolina’s storied history of flight is taking off,” said Governor Josh Stein. “JetZero’s decision to build here is a vote of confidence in North Carolina’s workforce, our universities and community colleges, and our long aerospace tradition. These 14,500 jobs and $4.7 billion in investment will transform the triad region for generations. North Carolina is not only First in Flight, we are the future of flight, too.”
“It should come as no surprise that JetZero is breaking ground here in North Carolina – the first in flight state,” said Tom O’Leary, CEO and co-founder of JetZero. “North Carolina has a vision for its future as a global aerospace hub, and JetZero shares that vision. We believe the time has come for an all-wing airplane, to support the industry’s need for more efficient airplanes that also deliver an incredible experience. We intend to reshape aviation, from right here in North Carolina.”
JetZero is also designing military variants of the Z4, including an aerial refueler and transport aircraft. As a refueler, the all-wing design allows for twice the range or twice the payload to support U.S. air power.
With America’s 250th birthday just three weeks away, the timing of today’s groundbreaking carries special meaning. As the nation celebrates a quarter millennium of innovation and independence, JetZero’s commitment to reinventing how aircraft are designed and built stands as a testament to that same pioneering spirit, carrying American aviation boldly into the next century.
Digital-First, AI-Native Smart Factory
JetZero’s Greensboro plant will be designed using advanced digital and AI native platforms developed in collaboration with Siemens and Deloitte. These platforms and tools allow engineers to build a complete digital twin of the factory before any concrete is poured — testing how machines, people, and materials will move through the building, and making changes on a screen rather than on a job site. That flexibility is rare in aerospace manufacturing and will make the Greensboro facility the most efficient and adaptable plant of its kind anywhere in the world.
“Our partnership with JetZero demonstrates how cutting-edge industrial technology can help reindustrialize America,” said Ann Fairchild, President and CEO, Siemens USA. “Our digital twins help bring the next generation of manufacturing facilities to life faster and with greater confidence. We’re proud to help JetZero build a world-class aerospace facility that will create thousands of jobs and strengthen North Carolina’s position as the next great U.S. aerospace hub.”
“By pairing advanced AI and digital tools with our deep operational and industry experience, we’re helping JetZero set a new standard for manufacturing speed, quality, and scale,” Kelly Herod, chief client officer, Deloitte. “Our work with JetZero brings automation and AI together with data strategies informed by our experience at The Smart Factory by Deloitte @ Wichita—connecting design, the shop floor, and the workforce.”
Construction in Greensboro begins immediately, with hiring expected to ramp in phases over the next decade as the facility comes online.
About JetZero
JetZero is an American aerospace company developing a new generation of more efficient commercial and defense aircraft. The company partners with leading manufacturers and technology providers to advance the future of flight through innovation and American manufacturing excellence.
Media Contact
[email protected]
SOURCE JetZero
North Carolina
North Carolina gains inside track to College World Series finals with 5-2 win over West Virginia
OMAHA, Neb. (AP) — Gavin Gallaher’s two-run triple gave North Carolina the lead in the seventh inning to help send the Tar Heels to a 5-2 win over West Virginia in the College World Series on Sunday night.
The Tar Heels (52-12-1) opened a CWS with two straight wins for the first time in eight appearances since 2006 and need one more victory to reach the best-of-three finals next weekend. They’re off until Wednesday, when they’ll meet the winner of a Tuesday elimination game between the Mountaineers (46-16) and Troy.
“Our goal is to play really well on Wednesday,” Carolina coach Scott Forbes said, “but I think I’ll sleep pretty good tonight going 2-0.”
The Tar Heels scored three unearned runs against Big 12 pitcher of the year Maxx Yehl (9-3) to break a 2-all tie in the seventh with country music star and North Carolina booster Eric Church cheering them on in a suite.
They had runners on first and second after West Virginia third baseman Tyrus Hall and second baseman Brodie Kresser couldn’t come up with grounders. Gallaher lined a ball deep into the gap in right center for a 4-2 lead and he came home when Owen Hull grounded a ball up the middle for a single.
“When you give a great team five outs, it’s hard to get through it,” Mountaineers coach Steve Sabins said, “and the groundball broke our back.”
An inning earlier, Forbes called a team meeting in the dugout and, according to ESPN, told his players they needed to play looser and have more fun. The Tar Heels went three-up, three-down in the sixth, but the next inning Gallaher and his teammates were having a jolly time on a clear and cool evening at Charles Schwab Field.
Forbes called Gallaher “Mr. Clutch” for his history of coming up with big hits in critical situations over his three years in the program.
“I just try to keep everything the same, stick to my routine and trust my preparation,” Gallaher said. “I keep grinding.”
Gallaher said he also finds comfort having Forbes coaching third base.
“Always has a smile on his face, and that takes weight off your shoulders,” he said.
The mood in the Tar Heels’ dugout changed in the ninth. Walker McDuffie (9-3), who relieved starter Ryan Lynch in the fifth, gave up a walk and single to bring Ben Lumsden to the plate as the potential tying run with one out.
Caden Glauber, who pitched 2 1/3 innings of shutout relief in a 6-2 win over Mississippi on Friday, came on and struck out Lumsden and Hall to earn his fifth save.
Sabins said the task they face to reach the finals is difficult but not insurmountable. The Mountaineers won three elimination games in regionals.
“We were able to scratch back and claw back,” he said. “You get a little bit more rest in this event. So guys get rested, recover, come back and try to eliminate a team in a day.”
North Carolina
North Carolina secures big-time 4-star DL Kaiden Robinson-Vickers
Dunnellon (Fla.) four-star defensive lineman Kaiden Robinson-Vickers has committed to North Carolina, he told Rivals’ Hayes Fawcett.
He chose the Tar Heels over offers from UCF, NC State, Florida and a number of other Power 4 schools. Dunnellon told Rivals’ Inside Carolina that he made his commitment on Saturday night to the Tar Heels’ staff before going public on Sunday.
The 6-foot-1, 255-pounder is the 12th commitment this cycle for Bill Belichick and Co, whose class now sits just inside the top-50 nationally on the Rivals Industry Team Recruiting Rankings.
As a junior, Robinson-Vickers finished with 55 tackles, 7.5 sacks and 19.5 tackles for loss. He also totaled five forced fumbles.
The Rivals Industry Ranking, an equally weighted average that utilizes all three major recruiting services, tabs him as the No. 401 overall prospect and No. 43 defensive lineman in the class.
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