The unemployment rate in Charlotte is 2.6%, which is better than the national average, but higher than other major cities like Boston (1.8%) or Atlanta (2%). if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'combadi_com-large-mobile-banner-2','ezslot_12',136,'0','0'])};__ez_fad_position('div-gpt-ad-combadi_com-large-mobile-banner-2-0');If you want the mountains, it is about a couple of hours away by car to Asheville. 21 Pros and Cons of Living in Charlotte, NC - Vittana.org That makes commuting to work a little bit of a challenge when in Charlotte. Here, you can hike or climb a mountain. The dark side - There are 2 that I am very well aware of. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'combadi_com-leader-1','ezslot_7',104,'0','0'])};__ez_fad_position('div-gpt-ad-combadi_com-leader-1-0'); It is also a city of the warm and the cold, which is perfect, especially if you cannot decide which of the two you would like. To give you some perspective, local rents have climbed 45% since 2010. Thats an increase of $8,500 in the period of one month. Cavapoochon NcA non-refundable deposit of $400. The Growing Need for Charlotte is also cheaper than the US national average in terms of utilities. If you adore the ocean, you can have it close to you. But in the long run, this problem can get to you. As a Charlotte resident you can also use Meet Up, an app for people to engage with other people who are interested in the same activities. It is also a Gamma+ global city. 7. Le Meridien Charlotte's City Lights Rooftop offers sweeping 360-degree views of Uptown. Charlotte is nestled between two lakes, Lake Norman and Lake Wylie, both accessible in under an hour by car for boating, swimming and fishing. In fact, the median home price in Charlotte is $178,000, and the median monthly rent is $966. You can come here, decide what you want to do with your life and find your path. Gas prices are typically higher than in other major cities such as Chicago, due to low-sulfur fuel requirements. It has a lower cost of living than other major cities. Tell us in comments. If youre interested real estate agents in Charlotte, NC will help you with tips about the current feel of the market and guide you towards the best investment possible. If you love food, the influences of the South are vital here. Whether its NASCAR or Golfing, the great outdoors or the Bank of America Stadium, music or roller coasters, the city of Charlotte, North Carolina has plenty of ways to hypnotise its visitors. It will mark the "God's Plan" hitmaker's first. You will never run out of cool stuff to do here. The same type of job in the same type of company in Charlotte, NC will typically pay $61,704 . To name just a few. It could be because with the growth of population comes the growing number of cars. Higher Education When Living In Charlotte, 18. Unfortunately, the southeastern coast of the United States is prone to many natural disasters. However, if you are considering relocating here, its important to understand the pros and cons of living in the city and that is why we prepared this article. Charlotte is the sixth fastest-growing city in the country regarding population. The best way to avoid this problem is to live and work as close together as possible or work from home with a telecommuting job. We have beautiful scenery, friendly people, an awesome culture, and great food! This means longer waits at stop lights, more crowded highways, and greater potential for accidents. This led to an appreciation of 3.95% for the real estate prices in Charlotte, NC and this happened just in the past ten years alone. 2. I have a good job making good money ($36-39k) but still cannot afford. You'll find that Charlotte is very clean on average, this is mostly due to the fact it is a "newer" city and a lot of the growth is very recent. The Charlotte cost of living index is 97.9 while the Raleigh cost of living index is 95.1. As we already noted, in Charlotte you get access to both the beach and mountains. During this time, visitors cant enter the park and there are no services available inside. With only one light rail line connecting downtown with University City and two bus services, many areas of the city are not easily accessible. However, if you play things right, this can be advantageous. Provides: Assisted Living, Memory Care. However, there arent enough homes available on the market. Keep in mind that the average commute for Charlotte residents is 26 minutes, so factoring in rush hour traffic can lead to travel times upwards of 30 minutes to an hour if youre working in the city. And one of these repercussions is the traffic problem in the city. It is no wonder that Charlotte has been the growing hub of jobs for the finance sector since 2010. Some of Charlottes best bars and clubs include: Charlotte has a stable job market and plenty of thriving industries, making it a great place to live for young professionals and those looking for job opportunities. However, the typical home value here has shot up an impressive 22.1% in the last year, edging up near $375,000 in May 2021 well over the city's overall typical home value. There is no shortage of things to do in Charlotte, NC. The growing number of people in Charlotte means one thing. The public schools in Charlotte are above average. Theres always something new happening in Charlotte and Im sure youll find your niche soon enough! But, Charlotte is growing fast and the cost of living keeps edging up higher every year. By clicking "Subscribe," you'll receive occasional emails from Landing. Living in Charlotte, NC: 14 Pros and Cons (Video & Prices) Charlottes downtown has a maze of one-way streets and confusing intersections, making it hard to find your way around. Here's an idea of how much things cost when moving to Charlotte, as reported by Payscale: Energy bill: $153.91. Overview. Aside from finance, the trucking and freight industries are also growing in the city. Charlotte NC Crime Rate | Is Charlotte a Safe Place to Live? [Data 8. Charlotte Living Is Cheap. Charlotte was charted before the birth of the nation when European colonies were still in power, then came the cotton era and slavery, following that was the industrial revolution. There are many areas where you can live in Charlotte, NC which means that there are also many areas where you can go. Perfect for the changing seasons and close enough for you to be able to take advantage of the best of both worlds. Charlotte is also prone to tornadoes and hurricanes because of its location near the Atlantic Ocean. Here you will see people from different walks of life, different backgrounds, nationalities or races coming together in order to become a whole of something new. Good news, though: houses are cheap. Here's why. With a still growing population diversity and a median age of 34, Charlotte was ranked the most diverse city in North Carolina at the start of 2020 and the population is currently as follows: White: 49.54%. A considerable number of investing companies can only mean growth in its economy and finances. Your email address will not be published. Charlotte is famous for racing. You can score an affordable ticket on the LYNX rail system, but the stops are pretty limited to the downtown area. Fortunately, you wont have to travel far for urban convenience and excitement in North Carolina! Charlotte is a major hub for big-name corporations and as a result, has one of the highest rates of cost of living. When you compare the Charlotte vs Raleigh cost of living, you'll find the following major differences. Living in Charlotte, North Carolina has many advantages. This only makes the Charlotte metropolitan area grow in rank as well. This weather makes the city an ideal place for people to move in. The housing market in the city of Charlotte is thriving, excelling, and managing to overcome the citys crime rates. During 2019 the real estate market in Charlotte, NC managed to increase in value by 4.5%. The city is also growing and presents most residents with a clean slate. Home prices here are well below the national average and renters can find great deals too. Like many people our age, we've traveled overseas quite a bit. The variance may not be huge. We discussed the cost of living in Charlotte. In 2018, about 873,000 new residents flocked to Charlotte to live and work. The nearby Uwharrie National Forest also provides a great spot to explore the great outdoors with its miles of hiking trails and various camping spots as well as fishing options in its numerous lakes. The Mint Museum, Levine Museum of the New South and Bechtler Museum of Modern Art are sources of local culture. What I can assure you about Charlotte is its job growth. In Charlotte, you have several activities that can keep you occupied most of your free time. Charlotte is a great place to live, with friendly people and a thriving economy. Top 10 Assisted Living Communities in Charlotte, North Carolina At that time it reached 873,000 residents and there are no intentions for it to stop growing anytime soon. That's 6% below the national average for food and grocery. Foliage schmoliage. Yes, thats how traffic is for Charlotte but some people may find it as a con. People who are living their best retired years. Charlotte. From its diverse array of boutiques and local shops to its sprawling malls with all your favorite stores, Charlotte NC is a shoppers paradise. Pro: the job market in the city is on an upwards trajectory. One reason people love living in Charlotte is the ability to play golf year-round. Cost of Living in Charlotte, North Carolina. Aside from that, the economy is growing. Everyone is completely normal, culture is not diverse at all. (8 Major Reasons), Why is Florida So Popular? COPYRIGHT 2022 COMBADI - WORLD TRAVEL - SITEMAP, +12 Things to Do in El Paso without a car, +12 Things to Do in Sacramento without a car, Living in Worcester, MA - What Is It Like - Pros and Cons. There are times when it feels like no one lives in Charlotte. There are even a herd of top financial advisor firms ready to help you get your finances on track. If you dont work in these industries, your job opportunities could be slim. Also, the cost of living is lower than the national average. Its one of the best cities in the US when it comes to its housing costs. South Charlotte is always red because its more upper class. RealEstateAgent.com is a method of Real Estate Agents and Agencies. 3. However, for the younger crowd, there is nothing to do. This can be seen through the few languages spoken by most citizens and the limited types of food available around town. Lil Wayne and Drake performed live on their joint tour last night at the PNC Music Pavilion in Charlotte, North Carolina. Charlotte, NC Cost Of Living Calculator | Forbes Advisor It can also be short. The city is considered to be a relatively new city that is still developing as many of the people living in Charlotte, NC arent sure if thats a pro or a con. When most people think of foodie cities, I doubt our city comes to mind, which is a pity. For these reasons, most Charlotte residents rely on their cars to get around. And it continues to grow as the years go by. It really depends on where youre coming from and what youre accustomed to. Housing is also more affordable here but by only a mere 1%. Also, more and more people are using the citys public transportation system. As such, your monthly paycheck can go further along. It is not the most expensive either. One of the major cons of living in Charlotte is its limited public transit options. The Outer Banks region is a friendly enough resort you can also visit. The Levine Museum of the New South showcases some amazing artifacts from throughout the regions history, while visitors can also take a stroll through Fourth Ward Park to enjoy views of uptown and learn about its past. Apartment rent in Charlotte has increased by 2.2% in the past year. In the summer youll want to go to the beach with temperatures between 57 and 90 degrees. Catch a Panthers game at the Bank of America Stadium, situated comfortably on 33 acres and located right off I-277. Therefore left is right, "stop" means "go," and every day is opposite day. And with the ever-increasing job market comes the ever-increasing population. Public Transportation Doesnt Make Life In Charlotte Any Easier. Charleston is the largest city in the U.S. state of South Carolina, the county seat of Charleston County, and the principal city in the Charleston-North Charleston metropolitan area. The growth is twice the rate of growth seen by most cities in the country. / Worst part of living in Charlotte - Charlotte Forum - Tripadvisor 1. housing costs vs income rates. The majority of the housing stock is either old, dilapidated, or both. #30 in Best Places to Live. Charlotte has a history of managing hurricanes and their aftermath. The Tar Heel State is rife with rich history from being the place where man first took flight to once being the furniture capital of the world. We have a massive brewery scene. However, like every city, Charlotte has its own set of perks and challenges that a future resident should be aware of. Low Income Apartments for Rent in Charlotte NC - 373 Rentals This could be a drawback as most people go to the ocean for weekend trips and very few decide to drive all the way to Myrtle Beach in the morning only to return at night. 1. The 20 Worst Places to Live in North Carolina - Money Inc Living in Charlotte, NC isn't that expensive especially because the cost of living there is about 5% lesser than the national . While it is a sought after destination for people looking to relocate, living in Charlotte, NC has both pros and cons. It can also mean more savings for you if you work here. However, income taxes are high at 5.5%. Drivers are prone to road rage and they will do anything to get revenge on someone who cut them off. Another frustrating aspect of living in Charlotte is that many of the citys parks have limited hours: two mornings a week from 6 am until 9 am, or three evenings a week from 6 pm until dusk. Active retirees will love this suburb's numerous well-maintained city parks. One of the most notable is the fantastic education system available to children and young adults. A lot of people are not from Charlotte/NC. Asian: 6.54%. It is the third fastest-growing major city in the country. According to a 2019 DataUSA study, Charlotte boasts several promising figures in terms of its job market: Now that you have learned the pros and cons of living in Charlotte NC, nows the time to find a place to stay. 15 Reasons Why You Should Never, Ever Move To North Carolina These areas, Introduction As the largest city in the state of Florida, Tampa has a variety of, Introduction Affluent black neighborhoods In Philadelphia can be found in the citys northwest and southwest, Copyright 2023 States Explora | Powered by Astra WordPress Theme, Interesting & famous things Arizona State is known for, 8 Good and Bad things about living in Alabama, 8 Best and worst things about living in Philadelphia, Pros and cons of living in cedar city utah | 2023, 13 Most affluent black neighborhoods in Dallas Texas, 10 Most affluent black neighborhoods in Tampa Florida, 12 Most affluent black neighborhoods in Philadelphia (2023), Why is Louisiana so poor? If you have an iPhone, click here to get the free Patch iPhone app; download the free Patch Android app here.). The city lies just south of the geographical midpoint of South Carolina's coastline on Charleston Harbor, an inlet of the Atlantic Ocean formed by the confluence of the Ashley, Cooper, and Wando rivers. Thankfully, I was able to avoid hitting any pedestrians or cars and maintain control of my vehicle until I got off the road. To people from New York, Charlotte will seem like the off season when everyone is in the Hamptons in the summer. Pros And Cons Of Living In Charlotte, NC - The OFFICIAL Real Estate The economic struggles are obvious in the statistics. This is higher than the national average of $949. After all, there are places where people are earning less than the $44,269 most Albemarle residents are doing. According to The Patch, Charlotte ranks in the top third of the best foodie cities in the U.S.but locals already knew that.