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retire

Finding the Best Places to Retire Since 2006!

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Retire in Tega Cay, South Carolina?

Overview:   Peaceful Tega Cay sits on a densely forested peninsula on the eastern edge of 13,400-acre Lake Wylie. It is about 20 miles south of Charlotte, North Carolina and was built as a gated community in the 1970s. It is now incorporated.

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New housing has sprung up in the last few years and includes single family homes, town homes and apartments.  Some of the newer areas have been "clear cut," giving them a different feeling from the older sections where neighborhoods are still thick with trees.  The Tega Cay Golf Club boasts 27 holes. Residents also enjoy tennis courts, trails and 16 miles of shoreline with beaches and boat launches. The Tega Cay Marina, nestled in a protective cove, provides slips with jet ski lifts. Gas, groceries, boat repair and pontoon rentals are also available. The Carolina Show Ski Team makes its home at Windjammer Park and performs weekly.   

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Local social clubs include a garden club with workshops in anything from container gardening to orchid care. Retail shops are sprinkled about town.

Population:  10,000 (city proper)

Age 45 or Better:   40%

Cost of Living:   16% above the national average

Median Home Price: $360,000

Climate:   Summer daytime temperatures are in the 80s and 90s.   Winter temperatures are in 30s, 40s and 50s.   On average, the area receives 46 inches of rain each year.  

At Least One Hospital Accepts Medicare Patients?  No, but Piedmont Medical Center is five minutes away in Rock Hill and accepts Medicare patients.

At Least One Hospital Accredited by Joint Commission?    No, but Piedmont Medical Center is five minutes away in Rock Hill and is accredited.

Public Transit:   No

Crime Rate:   Well below the national average

Public Library:   No

Political Leanings:  Conservative

College Educated:  55%

Is South Carolina Considered Tax Friendly for Retirement?   Yes

Cons:   None

Notes:   Tega Cay has mushroomed by 10% during the last decade and residents worry about amenities and infrastructure keeping up with growth.   Racial diversity is minimal. Hurricane Florence in September, 2018 brought wind and rain but not much damage.

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Recommended as a Retirement Spot?   Yes

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South Carolina:

South Carolina is nicknamed the Palmetto State and its motto is "Dum spiro spero," which is Latin for "While I Breath, I Hope." It is 40th in size in the United States and was the eighth state to be admitted to the Union on May 23, 1788. The largest city and state capital is Columbia.

Formerly known as the Province of South Carolina, the area was also one of the Thirteen Colonies that declared its independence during the American Revolution. The state was the first to secede from the Union and was the first and founding state of the Confederate States of America.

South Carolina is in what is considered the Deep South and is bordered by the states Georgia on the south and North Carolina on the north.

The state does not host any major professional sport franchises. However, the Carolina Panthers and the Carolina Hurricanes actually represent both North Carolina and South Carolina.

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Stats:

Population - 4,961,018

Persons 65 years old and over - 16%

High school graduates, persons age 25+ - 85%

Bachelor's degree or higher, age 25+ - 25%

Persons of Hispanic or Latino origin - 5%

White persons, not Hispanic - 64%

Median household income - $45,483

Social Security taxed? No

Source: U.S. Census Bureau

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