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Small Town
Living and Romance of Bygone Era Bring Retirees
to Edenton, North Carolina
Cost of Living: Below
the National Average
Anyone with an interest in
Colonial American history will fall in love with
Edenton, North Carolina (population 5,500) as it
is indeed a storybook place. Located
on Albemarle Sound on the northern stretch of
North Carolina's coastline, this gem of a town
is know for its many pre-Revolutionary landmarks
and beautiful, well-kept homes along elegant,
tree-lined streets. Today, Colonial,
Federal and Victorian architectural styles blend
into a picturesque mix of well-maintained
grounds, waterfront parks and lovely year-round
gardens. 20% of the population is
age 45 to 64, and 20% is age 65 or better.
More below....
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Edenton is proud of its beauty and its history.
Established in 1722, it was the first permanent
settlement in North Carolina and was developed
around an English-style village green. As
the colonial capital of the state, hundreds of
ships made the town a regular port of call,
offloading food, goods and slaves, and shipping
the prolific agricultural products of the region
to European ports. The result was a
thriving plantation economy that brought life to
northeastern North Carolina.
Settled by sea captains and merchants who
prospered when Edenton was a bustling commercial
port, the town was bypassed in the early 1800's
by the completion of a canal that drained the
Dismal Swamp. The focus of commercial
trade shifted to Norfolk, Virginia, leaving
Edenton relatively untouched by the excesses of
modern life. It also escaped the ravages
of the Civil War, keeping many of its stately
homes intact for generations. Today, some
say the town surpasses Williamsburg, Virginia
because the homes here are the originals, not
reconstructions. Edenton is a genuine
small southern town marked by neighborliness and
southern hospitality. Life here
proceeds at a quiet, leisurely pace.
Edenton ranks below the national
average when it comes to cost-of-living, ranking
85 on a scale of 100. The sales tax is 6%.
State income tax is graduated from 6% to 7.75%,
depending on income. Inheritance tax ranges from
1% to 17%, depending on relationship of
beneficiary. Property taxes are $11.50 per
$1,000 valuation based on 100% of market value.
In addition to historic homes,
Edenton has new single family homes and
condominiums, and prices go up and down the
scale. Small two-bedroom, two bath
homes can be found for $110,000.
Larger two bedroom, two bath single-family homes
in town in a nice neighborhood start at around
$135,000.
It is also possible to find a
few homes near the water that are under $80,000,
although these are not luxurious by any means.
A beautiful, five bedroom home on an acre of
land just outside of town is, as of this
writing, selling for $216,000. New three
bedroom, two bath waterfront condos are
currently being built and have a $390,000 price
tag. The average rent in Edenton for
a two bedroom apartment is roughly $450, but
apartments are not plentiful.
The town has one full-service
hospital, two medical centers and one long-term
nursing home. There are also major medical
centers in Norfolk, VA, sixty miles north, and
in the Raleigh-Durham area, two hours west.
Chowan County Senior Citizens Center is a
renovated school with efficiency apartments.
Edenton Retirement Community is a residential
rental community for older adults who want to
remain as independent as possible, as well as
those who may require some help with daily
living. Monthly costs range from $1,500 to
$4,000 a month. Britthaven of Edenton
Retirement Homes offer assisted living and
independent living apartments. Edenton
Prime Time Senior Village Retirement Home also
offers assisted living with private and
semi-private rooms. Average monthly fees
are $1,500 a month.
Edenton is characterized by mild
winters and hot, muggy summers. The
average temperature in January is 52 degrees and
the low is 34 degrees. In July, the
temperatures can reach into the low 90s but
usually stay in the high 70s and low 80s.
The average relative humidity is
57%, and on average, the area receives 48 inches
of rain per year. This is the North
Carolina coast, so hurricanes can occur.
Edenton has a community theatre,
a weekly newspaper, art galleries, a variety of
civic and social clubs, seasonal festivals and
historic preservation societies. Golf,
tennis, hiking are all available. The
waterfront is a favorite spot for pleasure
boaters, and land travelers will find several
quiet bed and breakfasts to lure them off the
beaten path. Traffic is minimal and
although there is no local bus service, almost
everything is within walking distance.
Nearby, the Outer Banks, with more of a tourist
orientation, provide greater shopping and
recreational opportunities. The
surrounding countryside boasts many plantations
that once provided the economic backbone of the
area.
Some of the finest beaches in
the world line the 300-mile curve of North
Carolina's Atlantic Coast from Corolla to Sunset
Beach. The most famous of them all are just over
an hour from Edenton at the National Seashore on
Hatteras Island.
Edenton is a picturesque small
town in a beautiful setting. Long
hot summers may be a drawback for some, but if
you are looking for low cost-of-living,
tranquility, southern romance and historic
charm, Edenton, North Carolina is hard to beat.
For more Edenton information,
click here.
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