The overall median sale price rose 7.5% to $215,000, though the number of homes available for sale dropped by 3.9%. Its unemployment rate stands at 9.4% and its median income hovers at $30,774. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. There is no shortage of things to do in Charlotte, NC. Charlotte boasts an incredibly affordable cost of living. Pay attention and invest in the next new, hot and happening neighborhood in an effort to make better revenues. Nightlife. The dark side - There are 2 that I am very well aware of. 2. Home prices here are well below the national average and renters can find great deals too. Coldwell Banker Residential Brokerage - Chatham, 840 Newport Center Drive Ste. Unfortunately, the southeastern coast of the United States is prone to many natural disasters. Start your next journey in Charlotte the simple way, with Landing! What is the Tax Benefits of Buying a Home? Established in 1768 by Queen Charlotte, this city has grown to become the largest city in North Carolina and the second-largest banking center in the United States.. From its roots as a small trading post known as "Charlotte Town" to its modern-day status . PRO: Cost of Living in Charlotte, NC. Furthermore, in March of 2020 the numbers kept growing. And it continues to grow as the years go by. 5 things People Hate About Charlotte | Moving to Charlotte NC | Things to Know About the Charlotte http://www.SirAshley.com Call/Text 704-775-1236 Subscrib. citylightsrooftop.com. The median rent in Charlotte is $929.39, and the median cost of a home is $296,685both of which are quite a bit lower than other American cities, like New York, Los Angeles, and Chicago. flickr/John Rees. Also, more and more people are using the citys public transportation system. Taught British General Cornwallis a lesson in the 1780 Battle of Charlotte who fled like from "a hornet's nest of rebellion"; Became a hotspot through railroads in the late 1850s; Gave up on cotton and slavery for industrianization in the 1860s reaching 4,500 residents in 1870; Began its textile revolution in the 1880s with Charlotte Cotton Mill that still stands to this day; Grew from 20,000 residents to 100,000 in 40 years by 1940; Businesses, NASCAR, the music scene and campus life blossomed and its still growing today. Traffic congestion can be problematic in the downtown area and key access points Charlotte has the third-largest banking center in the US, and its home to the headquarters of Bank of America, the nations second-largest bank. It really depends on where youre coming from and what youre accustomed to. Actually, they're very comparable. 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%). In Charlotte, you have several activities that can keep you occupied most of your free time. They are also not accustomed to visitors and might treat you with suspicion if theyve never seen you before. So, if youre looking for fun things to do in Charlotte, you definitely need to eat out. NASCAR made this city home for many years. Property taxes are also higher than in most areas in North Carolina because of the high quality of life enjoyed by residents. Most crime is concentrated in a few areas you can easily avoid. Here, sales taxes can reach about 7.3%. Location: 1945 East 7th Street, Charlotte, NC 28204. Avg. There are plenty of jobs available if you know where to look; just not necessarily right on Main Street. 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. This can mean that you have no need to leave the area for basic needs and that can be seen as a loss, because the city is beautiful and the residents should be witnesses to that beauty. Save my name, email, and website in this browser for the next time I comment. While there is no guarantee these extreme weather events will happen, they are something residents should be aware of before moving to Charlotte NC. Tell us in comments. Lil Wayne and Drake performed live on their joint tour last night at the PNC Music Pavilion in Charlotte, North Carolina. Le Meridien Charlotte's City Lights Rooftop offers sweeping 360-degree views of Uptown. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'combadi_com-medrectangle-4','ezslot_3',124,'0','0'])};__ez_fad_position('div-gpt-ad-combadi_com-medrectangle-4-0');Here, I will be discussing most of the reasons why you should move to Charlotte if you have been planning to. The same type of job in the same type of company in Charlotte, NC will typically pay $61,704 . However, for the younger crowd, there is nothing to do. All you need is a jacket, and youre good to go. It later progresses and discusses the ups and downs of living in this iconic city. Here are seven things to know. Thats an increase of $8,500 in the period of one month. The most dangerous neighborhoods lie in the southern and eastern sections of the city, so prospective residents . (8 Major Reasons), Why is Florida So Popular? For people who don't have children (like myself and my husband) we can be bored to tears on (many) occassion. The cost of living in Charlotte is lower than in other cities along the East Coast. Native Hawaiian or Pacific Islander: 0.06%. Downtown Is Called Uptown. - South End for easy rail access, lots and condos, walkability to restaurants and bars. Answer (1 of 22): There is definitely the stark racial divide, however - as time goes forward, it has gotten better - I live here now. Please view our Disclaimer for more details. One time, I had a driver pull up next to me and throw what appeared to be a beer at my car window, causing me to swerve onto the shoulder. In the past, the city was under colonization by the Europeans. To maintain your standard of living in Charlotte, NC, you'll need a household income of: $67,318. 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. Now, these are predictions, estimates, expectations if the trend continues and there isnt anything to say that things would change. Though there are some downsides to living in Charlotte, such as extreme weather and traffic issues, these can easily be outweighed by the citys many positives. Sales taxes in Charlotte are higher than in most cities in the country. When it comes to safety well, the Charlotte, North Carolina crime rates arent a bragging element. But for those who really love to garden, there are still plenty of places outside of the city that has good soil. The Drake is an exceptional assisted living community located in Concord, North Carolina. Charlotte is a great place to live, but it has a lot of room for improvement. It may be a problem people shove under the rug. Temperatures vary between 31 and 51 degrees so you probably wont be needing thick coats or gloves too often. It is lower than most cities by about 2.3%. Crime rates are high and the schools are terrible. Its overwhelming at first and it doesnt help that there is no shortage of churches to choose from. Living in the Queen City, though, you'll likely eat out a lot. From its diverse array of boutiques and local shops to its sprawling malls with all your favorite stores, Charlotte NC is a shoppers paradise. The Mint Museum, Levine Museum of the New South and Bechtler Museum of Modern Art are sources of local culture. Sign up for free Patch newsletters and alerts. The cost of living is 3.98% lower in Charlotte, NC. Before moving to Charlotte, let's get you acquainted with its charm by noting these main selling points and areas of interest. Charlotte residents share what it's like navigating eating at restaurants while living with an allergy to peanuts, tree nuts, egg, milk or other food allergens and having to carry an epi pen . Several jobs related to healthcare have also sprouted in the job market in recent years. Pro: the job market in the city is on an upwards trajectory. About 15 percent of West Virginias population, by comparison, has food insecurity. 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. Today, the state is home to the second largest banking capital in the U.S., behind only New York City, top notch universities and 11 Fortune 500 companies. From over-the-top advertising to potholes, here are 20 bad things about living in Charlotte NC that you should know about. Charlotte is only cheaper than most cities in the US by about 1.7% when it comes to utility costs. In addition to higher education, Charlotte is also home to several highly rated elementary, middle, and high schools. The lower unemployment rate is good news, especially for those seeking jobs in Charlotte. The ocean, as we already covered in the pros, is 3 and a half hours away and within the city of Charlotte there is no large lake or body of water. Niche, a tool that helps new residents find excellent schools, gives the Charlotte metropolitan area a B+ in the public school category, which is significantly higher than many other large U.S. cities. Here's why. For example, Fort Mill has been called one of the best small towns in America for gardening due to its fertile red earth. Theres even a pray on the move bus that drives around town to make sure nobody is left out of their church on Sunday morning. Landing is a network of furnished apartments for rent across the country. The city of Charlotte, NC didnt have time to create its own culture which is why it is still a young city, still bending at every turn and morphing into what the population needs the city to be. However, Charlotte, NC crime rates dont seem to affect the influx of new residents and as new residents need housing, the housing market isnt badly affected. From over-the-top advertising to potholes, here are 20 bad things about living in Charlotte NC that you should know about. In order for the housing market to be successful and thriving it has to satisfy the necessities of the citys possible new residents. Only 2 Left.WIDELY USE -The round wooden trays Diameter is 11.8 in, which is easy to carry things and save much space of your ottoman coffee table. Apartment rent in Charlotte has increased by 2.2% in the past year. Going out to restaurants may cost you more, but it probably won't break your budget. I mean, the brilliantly beautiful changing leaves are alright. According to The Patch, Charlotte ranks in the top third of the best foodie cities in the U.S.but locals already knew that. Recently, the Charlotte housing market forecast for 2020 was that it will continue to grow by 3.8% by 2021. However, like every city, Charlotte has its own set of perks and challenges that a future resident should be aware of. While walking is still feasible for many areas of town, it can be hard to make your way through pedestrian-unfriendly neighborhoods where crosswalks are few and far between. With hundreds of fully furnished apartments in Charlotte, flexible and short-term leases, and even pet-friendly options, finding your new home will be a piece of cake. Both of these cities are unique destinations. Public transportation can provide some relief from this issue but isnt always reliable or convenient enough for everyones needs. In the summer youll want to go to the beach with temperatures between 57 and 90 degrees. 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. Thankfully, I was able to avoid hitting any pedestrians or cars and maintain control of my vehicle until I got off the road. This area is BOOMING! Most pay between 6.75% to 7%, although there are a handful of counties where the rate is 7.5%. In addition to countless other gallery spaces throughout the area, visitors can also enjoy performances at venues like Blumenthal Performing Arts Center or take part in annual events such as the Charlotte Jazz Festival or CineMatek Film Festival. That makes commuting to work a little bit of a challenge when in Charlotte. Sq. State: North Carolina County: Mecklenburg County Metro Area: Charlotte-Concord-Gastonia Metro Area City: Charlotte Zip Codes: 28269 , 28277 , 28215 , 28227 , 28216 , 28210 , 28205 , 28212 , 28262 , 28213 , 27 total Cost of Living: -0.3% lower Time zone: Eastern Standard Time (EST) Elevation: 769 ft above sea level With that said, the city is less expensive than other major cities. 2. Currently, in Charlotte, North Carolina, the average gallon of milk costs $1.82, a loaf of bread $3.12. To answer the OP's question. 2. Aside from that, the economy is growing. Keeping to the trend so far, Clanton Park-Roseland ranks as the number 8 worst spot in Charlotte for 2022 because of its economy. The development of the citys population can also lead to one thing. There are many other options for higher education, such as Johnson C Smith University, Davidson College, and the Queens University of Charlotte. You would have to earn a salary of $61,571 to maintain your current standard of living. Top 10 Reasons NOT to move to Charlotte, North Carolina. However, many of the locals are reserved and difficult to get to know. Job Market. The real estate market that we have in Charlotte, NC has a recent history of being among the best real estate markets for long term investments in the U.S. Charlotte is among the cities with the largest Black population growth. There are many things to love about living in Charlotte, but its affordable cost is the best! Of course, there will always be bad sides. The City is a Foodie's Paradise. The same is valid with food and groceries, utilities, and transportation. Pop (sicle) a bottle of bubbly. Let us start with the good things you can expect when you live in Charlotte, NC. Charlotte NC (Image Credit: Extra Space Storage) Charlotte has a rich and vibrant history that is full of interesting stories and facts. Many families and young professionals live in Charlotte and residents tend to lean liberal. For example, if you want an apartment thats close to work, youll be paying at least $900 per month. In February of 2020 there were 4,700 new homes listed on the market, an increase of 2.2% since Feb. 2019, also there were 4,900 pending sales for homes which is also an increase of 24.8% since Feb 2019 and the median home price went to $263,000, an increase still of 11.9% since February of 2019. 2. The Annual Report of the South Carolina Housing Market compiled by South Carolina Realtors found closed sales increased 4% in 2019 to 91,140, while new listings increased 4% to 120,210. 8. travel times upwards of 30 minutes to an hour, University of North Carolina, Chapel Hill, 12.8% poverty rate, which is an 8.15% decrease from the previous year, $63,483 median household income, which is a 4.47% increase from the previous year, Booming industries such as healthcare and social assistance, finance and insurance, and retail trade. Other than an old mall with little to no stores and two bowling alleys, children in Port Charlotte do not have much to do. 5 in the country for food insecurity. Mosquitoes are a nuisance year-round, but they seem to be especially bad during the summer months. But, Charlotte is growing fast and the cost of living keeps edging up higher every year. Some people also plant flowers or veggies in containers on their porches or balcony for an easy alternative. Charlotte is a great city with many opportunities, but its not for everyone. The housing prices have been on a constant climb. Today they're permanent residents of the country and considering naturalization."We're just a couple of normal people. Charlotte is a great city, like most places it has issues..Have you ever thought . Established in 1768 by Queen Charlotte, this city has grown to become the largest city in North Carolina and the second-largest banking center in the United States. Ft. If you are deciding where to live in Charlotte, NC, Landing is here to help. It means that there are enough opportunities here. Mint Hill Senior Living. (For more news like this, find your local Patch here. The economic struggles are obvious in the statistics. 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. Therefore left is right, "stop" means "go," and every day is opposite day. Charlotte has a rich and vibrant history that is full of interesting stories and facts. Here's an idea of how much things cost when moving to Charlotte, as reported by Payscale: Energy bill: $153.91. Charlotte Living Is Cheap. The city has many amazing vintages finds located throughout the downtown area. If you move to Charlotte, NC youll notice that you get more house for your money,, meaning that youll spend less money but get a bigger home when compared to other similarly sized cities. The number one worst thing about living in North Carolina is that food insecurity is high, according to Insider. And because of its diverse population, there is always a different kind of festival. Charlotte: 17,545 . 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. From hipsters to southern debutants - uh, we're all basically the same, y'know. 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. As the 6th fastest growing city in the U.S., the city of Charlotte, NC continues to grow. Because of this kind of development, every neighborhood has within itself everything that you could possibly want. 5. Because of the acceptable traffic it may not seem like a lot but the miles will add up in time. East Carolina University is also located nearby and offers many undergraduate and graduate degree programs. My wife Amy was a rep in real estate. Like & Share with friends and family and see what they have to say about the Queen City. #30 in Best Places to Live. Its one of the best cities in the US when it comes to its housing costs. Also, traffic for Charlotte is like traffic outside of rush hour for even larger cities. Winters here are mild. It also is a hub for finance and technology companies such as Wells Fargo, American Airlines, and Red Hat. You should try to visit there sometime. For many residents, Charlotte is a city that can present a lot of possibilities and opportunities. Perfect for the changing seasons and close enough for you to be able to take advantage of the best of both worlds. Overview. In addition to these major employers, there are countless small businesses and start-ups that help create an environment ripe for economic success. Also Read // 8 Good and Bad things about living in Alabama. Theres no escaping the heat: the humid summer months bring high temperatures that arent pleasant for anyone. Sub-par K-12 education. And not just by a little bit: renters can expect to pay almost $400 more than what they would in other cities around the country. 1. You will never run out of cool stuff to do here. Aside from these, renowned universities also call Charlotte their home. Foliage schmoliage. At that time it reached 873,000 residents and there are no intentions for it to stop growing anytime soon. The 45-minute workout will spike your heart rate and leave you dripping in sweat but is scalable for all fitness levels. This sports and banking city, nicknamed the Queen City, has a relatively low cost of living, an exciting urban core, and quiet, residential neighborhoods perfect for families. 16. The same story is valid with the cost of food and groceries, which is 0.8% more affordable than the national average. This can make it difficult for those who rely on public transportation to get around town or commute from one side of the city to another. When you compare Charlotte, however, with the rest of North Carolina, Charlotte is more expensive. And with the ever-increasing job market comes the ever-increasing population. She currently lives in Salem, Massachusetts, with her partner and dog, Arlo, but relishes any opportunity she can to travel so she can try new foods, see gorgeous sights, and daydream about living somewhere new after visiting there for less than 24 hours. Those small establishments give a city its own color, flair and atmosphere. Related Article // Interesting & famous things Arizona State is known for. One of the drawbacks to living in North Carolina is that income and sales taxes are high. 1. housing costs vs income rates. You do have Catawba River and Creek as well as Steele Creek but thats about it. Rosensteel Fleishman, PLLC, offers services in Charlotte! Those are relatively close as well, it all depends on what you want for your weekend. It is the third fastest-growing major city in the country. Many people spend their entire lives here, so they dont experience other cultures. There are several family-friendly attractions here.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'combadi_com-box-4','ezslot_5',103,'0','0'])};__ez_fad_position('div-gpt-ad-combadi_com-box-4-0'); The quality of life is high, the residents are friendly, and you have many activities to keep you occupied. Myrtle Beach is about three hours away. Winters are mild and brief but it does snow from time to time. As one of the largest cities in North Carolina, Charlotte is home to hundreds of delicious and unique eateries. That's 6% below the national average for food and grocery. Another perk of living in Charlotte is the low cost of living compared to other large cities. Charlotte is also cheaper than the US national average in terms of utilities. However, localities can add as much as 3%, potentially topping out at a 9% hit to your wallet . During this time, there is no need for you to invest in layers and layers of clothing. Credit. Rent Trends. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'combadi_com-leader-4','ezslot_16',105,'0','0'])};__ez_fad_position('div-gpt-ad-combadi_com-leader-4-0'); Here, you can find cultures and immigrants from different nations. Average rent: The average rent for an apartment in Charlotte is $1,639 per month. This is especially necessary for those who live in one of Charlottes many suburbs, such as Davidson, Belmont, or Fort Mill. South Charlotte is always red because its more upper class. If they do however, the decrease could be brief and short lived. #JEAH! As its constantly growing, its like a clean slate for many new residents. Shop-till-you-drop types will love SouthPark mall, the city's upscale destination with . However, unlike many people any . Before you commit to becoming a full-blown Charlottean, take a look at living in Charlotte, NC pros and cons: If theres one thing Charlotte, North Carolina, is known for, its the food scene. The weather in Charlotte is milder compared to most cities. I know you are looking at Charlotte as the ideal place to work. During the summer season, you may want to go to the beach. If youre looking for something new, try taking an art class or going out to eat at one of our local restaurants. Charlotte offers an abundance of opportunities to experience visual art, music, theater, dance, and more. The soil in and around Charlotte makes it challenging to grow a garden. There are many factors when considering a relocation to a new city. If you want to go for a swim in the ocean, the closest option is Myrtle Beach at 3 and a half hours away in South Carolina. With a median salary greater than the U.S. average and an unemployment rate of 4.9% in 2017, Charlotte has an appealing job market that draws in professionals from all over the nation. 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. 10830 Lawyers Rd, Charlotte, NC 28227. From biking along the Little Sugar Creek Greenway where visitors can experience nature through their own two wheels to kayaking on Lake Wylie where locals can spend the day relaxing on the water theres something here for everyone!Charlottes Little Sugar Creek Greenway (Creator: Roots Rated). The state sales tax is 6%. The growing number of people in Charlotte means one thing. It is not the most expensive either. We already covered the traffic that might give people reasons not to move to Charlotte, NC but the growth continues. Bri Hand is Landing's Content Marketing Manager. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[468,60],'combadi_com-medrectangle-3','ezslot_11',123,'0','0'])};__ez_fad_position('div-gpt-ad-combadi_com-medrectangle-3-0');Are you planning to move to Charlotte anytime soon? 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. To give you some perspective, local rents have climbed 45% since 2010. One reason people love living in Charlotte is the ability to play golf year-round. Dont take our word for it, go find out for yourself. Religion is a way of life when you start living in Charlotte. 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. Living in Charlotte, NC isn't that expensive especially because the cost of living there is about 5% lesser than the national . This makes Charlotte a part of the 20% cities in the U.S. for the increase of housing prices. This can be seen clearly in the way in which the city is still developing. Find a Yoga class, a festival, explore the culinary diversity, go hiking with friends or catch a match at the Bank of America Stadium or at a bar. People are friendly but reserved. However, before you decide to move here, let me get a few things straight. The Cost Of Living Reflects Charlotte's Growth. However, there arent enough homes available on the market. Required fields are marked *. Its gonna be hot and humid in July and August so invest in an AC and get a pool membership. Black or African American: 35.09%.