Fact text

  • Oak Island's permanent population of about 8,400 explodes to nearly 50,000 every summer, that's almost a 500% surge of beach-loving visitors.
  • The town itself is surprisingly young, only officially becoming Oak Island in 1999 when two neighboring towns, Long Beach and Yaupon Beach, decided to join forces.
  • A brave (or slightly chilly) soul can swim in Oak Island's ocean waters year-round, temps range from the 50s in winter all the way up to the mid-80s in summer.
Your
Oak Island
Retirement Outlook — in 90 seconds
Hosted by Michael McMillan, President of Annuities.net
Every figure mentioned is drawn from the same sourced public data shown below — and the video updates as the data does.
Stat icon
8118
+
Total Population
Stat icon
$
71193
Median Income
Stat icon
$
259500
Median Home
Stat icon
37
%
Age 65+
Retirement Suitability
How
Oak Island
ranks for retirees?
41
/ 100

A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.

Tax
8
Affordability
53
Healthcare
56
Climate
60

Results

Oak Island

Suitability Breakdown

Retirement tax planning
01 - Taxes

Retirement Tax Treatment

Tax
8

North Carolina taxes income but leaves Social Security benefits untouched, which helps retirees relying on that foundation.

State sales tax here runs about

%.

Source · Tax Foundation
8
Retirement tax planning
02 - Income

Annuity Rates Available Here

Affordability
53

Fixed annuity rates reach up to

7

% on 5-year terms, with most landing between

5

% and

5

%.

Source · Cannex
53
Retirement tax planning
03 - Healthcare

Hospital Access & Quality

Healthcare
56

The area has

2

Medicare-certified hospitals, averaging a

4

/5 CMS quality rating.

Source · CMS Hospital Compare
4
Retirement tax planning
04 - Climate

Weather & Comfort

Climate
60

A

Temperate

climate — summers peak near

90

°F, winters dip to about

36

°F, with roughly

1

″ of snow a year.

Source · NOAA Climate Normals
Temperate
Retirement tax planning
05 - Risk

Natural Disaster Risk

Risk
Relatively High

FEMA's overall natural-disaster risk rating for this county on the National Risk Index.

Source · FEMA National Risk Index
Relatively High

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