Residents and visitors of North Carolina appreciate the state for its natural beauty. Home to both mountain ranges and miles of beaches, North Carolina has something to offer everyone.
Cape Hatteras National Seashore offers golden sands and 70 miles of pristine seashore for maximum family fun and relaxation. Those seeking a more historical experience can visit the site of the Wright Brothers’ first flight in the Outer Banks.
Many people associate mansions with the Hollywood stars in Beverly Hills, but the largest mansion in America is actually in North Carolina. The Biltmore Estate, previously the home of George Vanderbilt, sits on 8,000 acres of land. This house contains 250 rooms and an on-site winery that visitors can tour.
North Carolina is also home to one of the most scenic drives in the world. The Blue Ridge Parkway meanders through the Blue Ridge Mountains and the Great Smoky Mountains for 469 miles. Drivers can stop at multiple hiking trails along the way to appreciate the mountainous landscape.
While North Carolina has much to offer its inhabitants, the state is not immune to high costs. Families and individuals often struggle to maintain their lifestyles while paying off debt. Many get caught in a “hamster wheel” of debt that they can’t disembark.
How bad is the debt problem in North Carolina? Residents of Raleigh carry an average of $10,989 in debt, while people in the Charlotte community have $10,733 in credit card debt.
In comparison, the national average household debt is $8,425. North Carolina is fortunate to have a lower cost of living index than most other states, at an average of 95.7.
Housing is significantly cheaper than in other states across the nation. However, prices vary and can be much higher in larger cities. Salaries are much lower in North Carolina than in other states. The average wage of a worker in North Carolina is $53,100, compared with the nationwide mean of $58,260.
Lower wages, an average cost of living, and significant credit card debt make it difficult for families to get out of debt. Many just get by making minimum payments and keeping up with their other expenses.
Use our convenient calculator below to find out how long it will take to pay off your debts by making only the minimum payments. The calculator also shows how much interest you’ll pay to your creditors.
Individuals seeking North Carolina debt help will benefit from the programs Americor offers. To find out more about our programs, review the links below: