There are even a herd of top financial advisor firms ready to help you get your finances on track. I used to be an operational manager for a large finance firm. From its numerous galleries to live performances and festivals throughout the year, Charlotte has something special for everyone. If you are from another state like Texas, the traffic here may take some time to sink in. However, if you play things right, this can be advantageous. When you compare Charlotte with the national average, it is about 1.1% lower. If you like all the exciting places the world has to offer, you have definitely come to the right place. 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. 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. Required fields are marked *. During the summer season, you may want to go to the beach. Landing is a network of furnished apartments for rent across the country. This is mostly due to the citys reasonable housing, utility, and grocery prices. The worst thing about living in Charlotte is the congestion. The growing number of people in Charlotte means one thing. It grew by about 30% in the last five years. Make sure you set your schedules around it. 10. 1.1 1. For now, however, you wont find areas with communities separated by economical, racial or ethnical differences, which is good, but there also arent many ethnic restaurants or shopping areas besides from malls. 2. 8. The city's cost of living is 1% lower than the national average, while cost of housing is 2% lower than the national average. Traffic congestion can be problematic in the downtown area and key access points. Recently, the Charlotte housing market forecast for 2020 was that it will continue to grow by 3.8% by 2021. We have a massive brewery scene. 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. Its not always a fun experience for out-of-towners, but if you know where youre going, there are some great restaurants and shops to be found, with that said, if you need help finding anything (or anyone), just ask a local theyll be more than happy to help. Despite the large population size, there are very few immigrants from different countries that make up the citys culture. Its gonna be hot and humid in July and August so invest in an AC and get a pool membership. Other than an old mall with little to no stores and two bowling alleys, children in Port Charlotte do not have much to do. The cost of living in Charlotte, NC is 2.6% higher than in Orlando, FL. 3. Theyre everywhere. According to Payscale, the cost of living in Charlotte is 5% lower, and housing is also 14% lower than the national average. Therefore left is right, "stop" means "go," and every day is opposite day. 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. So if you're thinking of moving to North Carolina, you're not . Charlotte is a great city, like most places it has issues..Have you ever thought . This area is BOOMING! This town is absolutely perfect for older folks. Good news, though: houses are cheap. During this time, there is no need for you to invest in layers and layers of clothing. Browse our available apartments in Charlotte today. Abundant outdoor activities. com com 716-397-8862 or 716-485-3679. The largest universities are the University of North Carolina at Charlotte (in 2017, 7,158 degrees were awarded), Central Piedmont Community College (2,997 degrees), and Queens University of Charlotte (705 degrees) . The people of Clanton Park-Roseland could use some prayers met. An added bonus: Saturday morning Burn Boot Camp workouts in Charlotte are co-ed, free and open to the public. Aside from the sports, the city is full of areas you can explore. 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. Foliage schmoliage. But for those who really love to garden, there are still plenty of places outside of the city that has good soil. 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. 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%. The Drake is an exceptional assisted living community located in Concord, North Carolina. Unfortunately, the southeastern coast of the United States is prone to many natural disasters. 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. Gas prices are typically higher than in other major cities such as Chicago. They let me know how things were going and everything. Related Article // Interesting & famous things Arizona State is known for. By clicking "Subscribe," you'll receive occasional emails from Landing. 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. However, compared to the national average, you will get it cheaper here. Over the years, residents are seeing the traffic getting increasingly congested. This rate is higher than the national average of 4.6%. If you love food, the influences of the South are vital here. One pro, Introduction In Dallas, TX, affluent black neighborhoods can be found throughout the city. If youre determined to try your hand at gardening, you might want to start with plants like sunflowers, which are easier to grow even if the soil isnt perfect. The odds stand at 1 in 122 that a resident or visitor could become the victim of a violent crime and a 1 in 27 chance of becoming the victim of property crime. 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. Charlotte is also prone to tornadoes and hurricanes because of its location near the Atlantic Ocean. The cost of living in Charlotte averages about 1% lower than the national average. Golf. Bustling business. With the growing population comes some repercussions. Pro: Good education. Charlotte is a major hub for big-name corporations and as a result, has one of the highest rates of cost of living. Perfect for the changing seasons and close enough for you to be able to take advantage of the best of both worlds. North Carolinas cities are subsequently home to highly educated professionals in the fields of technology, business, finance, medicine, and more. The housing prices have been on a constant climb. According to Zillow, the average home value in Greenville is about $230,000, which is up about 9% since last year. Wood serving tray provides convenience for your daily use in the kitchen, dining room, living room, coffee table, and is also a The cost of living in Charlotte averages about 1% lower than the national average. Furthermore, in March of 2020 the numbers kept growing. Le Meridien Charlotte's City Lights Rooftop offers sweeping 360-degree views of Uptown. The largest African American population growth has been in less populated cities such as Fort Worth; Columbus, Ohio; Jacksonville, Florida; and Charlotte, North Carolina. It is the same as the national average. To underline its amazing growth, we can also look at the job market which is now the 8th fastest growing job market in the U.S. Industries like Aerospace & Defense, Automotives, Biotechnology & Pharmaceuticals, Business & Financial Services and Energy are all a part of this growth that also brough 6 Fortune 500 companies in Charlotte, NC. From museums to battlegrounds, Charlotte has a wide range of historical sites that make it one of the most interesting cities in America. Charlotte will welcome you with that amazing southern charm and youll be hooked in no time. It is also a city where you can enjoy your time outdoors. 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 . Furthermore, the surrounding cities that work as suburbs to Charlotte are growing at an even higher rate. The astounding lack of both character and culture in Charlotte is confusing, but it makes finding those hidden gems that much better. (8 Main Reasons). The majority of the housing stock is either old, dilapidated, or both. Charlotte offers an abundance of opportunities to experience visual art, music, theater, dance, and more. Public transportation can provide some relief from this issue but isnt always reliable or convenient enough for everyones needs. However, income taxes are high at 5.5%. (8 Major Reasons), Why is Florida So Popular? Governor Seat + County Economy Recovering, Local Nonprofit Makes A Difference + Recruitment Event For Women. It can be difficult to find diversity here if you dont go looking for it. Charlotte is an ideal place to raise a family. The city will be on the Worst Cities for Respiratory Infections list in 2021. 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. Now, these are predictions, estimates, expectations if the trend continues and there isnt anything to say that things would change. Then, there were years of slavery and the booming of the industrial revolution. It will mark the "God's Plan" hitmaker's first. If there is one thing about Charlotte, it is its perfect location.Here, you get to have access to beaches and mountains. With all of that history some might find it weird that Charlotte is considered a new city, but it is. Still, the housing market is affordable, accessible and attractive for both investors as well as new residents. Here's why. Shop-till-you-drop types will love SouthPark mall, the city's upscale destination with . Because of the acceptable traffic it may not seem like a lot but the miles will add up in time. Of course, there will always be bad sides. From its diverse array of boutiques and local shops to its sprawling malls with all your favorite stores, Charlotte NC is a shoppers paradise. However, unlike many people any . Aside from finance, the trucking and freight industries are also growing in the city. Access to quality health care. 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. The 45-minute workout will spike your heart rate and leave you dripping in sweat but is scalable for all fitness levels. 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. 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 . If youre coming from Greensboro,NC., you might find the few moments of congestion a bit annoying. It is not the most expensive either. 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. 11. The small, thriving city of Kannapolis earns the seventh place spot on our list of the best Charlotte suburbs for retirees with plenty of affordable craftsman, ranch, and bungalow style homes. Those small establishments give a city its own color, flair and atmosphere. Each of these cities have gained between 32,000 and 40,000 new Black . First of all, these are the top 10 North Carolina pros and cons: Great sense of community. Overall Score 6.5 /10. Healthcare is not over-the-top expensive here. The city is also growing and presents most residents with a clean slate. 2. Living in Baton Rouge, LA What is it like Pros and Cons, Living in Pittsburgh, PA What is it like Pros and Cons , unemployment rate, Charlotte sits at 4.9%, +12 Things to Do in Indianapolis Without a Car, +12 Things to Do in Arlington without a car, Top 11 Best Things to Do in Garland if Under 21, Living in Moreno Valley, CA What Is It Like Pros and Cons. Here's an idea of how much things cost when moving to Charlotte, as reported by Payscale: Energy bill: $153.91. We get a score of 98.9/100, just under the national average. While that number includes births and not just immigrants, it is still . In Charlotte, you have several activities that can keep you occupied most of your free time. This can be seen clearly in the way in which the city is still developing. Actually, they're very comparable. Going out to restaurants may cost you more, but it probably won't break your budget. 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. NFL fans have much to enjoy in Charlotte--it's the home of the Carolina Panthers! In no way is RealEstateAgent.com responsible for the services provided by the advertisers on this site, nor can it be held liable for any damages resulting from the services, contacts, or deals resulting from agents found within this site. What we mean to point out is that diversity is in the history of the city of Charlotte and the more it grows the more diverse it becomes. What makes Charlotte more ideal is its thriving economy. In a recent study by MITs Lab for Social Machines, researchers found that commute times had increased by 50% over five years and that drivers spent 3-4 hours more each week sitting in traffic than they did five years ago. This east coast state has seen the arrival of 848,000 new residents since the 2010 census, which is an 8.9% population increase. During this time, visitors cant enter the park and there are no services available inside. Its population is still growing having surpassed 873,000 residents as of 2018 which is also the reason why the city is constantly changing and reinventing itself. 5. 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. One of the biggest cons of living in Charlotte is the traffic congestion. The average salary in Charlotte vs Raleigh is the same: $68,000 per year. 2. As a good location for long term investments in general, you might consider investing in property here for its great potential. 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. Start your next journey in Charlotte the simple way, with Landing! Charlotte is only cheaper than most cities in the US by about 1.7% when it comes to utility costs. The overall median sale price rose 7.5% to $215,000, though the number of homes available for sale dropped by 3.9%. There are more than 100 breweries in the area: If you like beer, youre going to love Charlotte. However, for the younger crowd, there is nothing to do. Another perk of living in Charlotte is the low cost of living compared to other large cities. At that time it reached 873,000 residents and there are no intentions for it to stop growing anytime soon. When it comes to safety well, the Charlotte, North Carolina crime rates arent a bragging element. Your email address will not be published. Although Charlotte, North Carolina, is home to an affordable housing market, finding the right apartment isnt always easy. If you dont work in these industries, your job opportunities could be slim. 15. From the city of Charlotte, NC you also have a 2 hour drive to Atlanta or a 3 hour drive to Charleston,SC., both destinations deserving a visit. 1. The hot and humid summers in Charlotte can reach temperatures up to 100 degrees with high humidity making it hard to stay cool. Whether youve recently moved to Charlotte or have been living in the area for years, you might not be aware of some of the bad things about Charlotte NC that exist. This means that the cost to live in this city is astronomically high. Charlotte, North Carolina. To give you some perspective, local rents have climbed 45% since 2010. With all the huge cranes that are busy with construction throughout the city, new residential developments and business headquarters can be seen popping up everywhere. Charlotte, North Carolina Crime Rate & Safety. For those who work outside of the city, the congestion creates a bottleneck for commuters trying to enter or exit the city. CHARLOTTE, NC North Carolina has a diverse landscape of mountains, cities and 300 miles of beautiful Atlantic shoreline. This is the case even if youve been there before; its easy to get turned around. Ft. 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. citylightsrooftop.com. 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. The same is true with the energy sector. 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. Additionally, while the CATS bus line has over 70 stops throughout the city, riders can only hop on if they have exact changewhich is not exactly the most convenient method of transportation. Credit. It is never too hot. 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. 2. The cost of living is 3.98% lower in Charlotte, NC. 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. There are many things to love about living in Charlotte, but its affordable cost is the best! The city is cheaper than most of the country. Social assistance, insurance, and retail industries are also doing well. Sports. The housing prices have been on a constant climb and the market doesnt seem to change trajectory. The Outer Banks region is a friendly enough resort you can also visit. In addition to higher education, Charlotte is also home to several highly rated elementary, middle, and high schools. We get lots of concerts. You can also swim in the lakes in these mountains. Whether were talking about sports (Football - Carolina Panthers; Baseball - Charlotte Knights; Hockey - Charlotte Checkers; NASCAR; Golf), areas to explore or culture to absorb there is something happening every day. Whether youre coming from New York in search of a more peaceful community or youre moving from Salisbury, NC seeking a job in financial services, Charlotte is the perfect mix to make everyone feel confident that they found exactly what they are looking for. You can live in Charlotte for a lot less than you can a lot of other major cities. 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. Public Transportation Doesnt Make Life In Charlotte Any Easier. Don't get me wrong, I couldn't imagine living in Asheville without a car, but it's easy to get where I need to go. Why Should You Get Onboard the Digital Marketing Bandwagon? It will get there in due time, it just hasnt reached that point yet. Charlotte has a history of managing hurricanes and their aftermath. It is a mixture of the old and the new. For many people Charlotte, NC is a city of possibilities and opportunities at a low cost of living. With growth comes more residents, with more residents come more cars, and with more cars comes traffic. 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. No matter what type of shopping youre in the mood for, Charlotte has something special waiting for you. 4. As its constantly growing, its like a clean slate for many new residents. Rosensteel Fleishman, PLLC, offers services in Charlotte! 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. Charlotte has some of the worst traffic in the country. Comment below if for any reason you think we overlooked something that just screams Charlotte, NC. Sq. The city has many amazing vintages finds located throughout the downtown area. You can find a yoga class in a park somewhere. List of the Pros of Living in Charlotte, NC. Here, there is always something going on every day. A lot of people are not from Charlotte/NC. Those are relatively close as well, it all depends on what you want for your weekend. Its not because of the quality of the roads, but because of the distance from point A to point B. And with the US averaging a 6% unemployment rate, you can rest assured that you will easily find jobs in Charlotte than anywhere else. You can't drive 10 miles in the Charlotte area without going by a golf course. There are also reports that crime rates may be increasing as people start coming back into town to reclaim homes left behind during Hurricane Katrina and Rita. Coldwell Banker Residential Brokerage - Chatham, 840 Newport Center Drive Ste. What is the Tax Benefits of Buying a Home? You would have to earn a salary of $61,571 to maintain your current standard of living. 9. It means that there are enough opportunities here. The Carolina Panthers. To answer the OP's question. All public schools are highly rated, with some of the best teachers and staff members throughout the entire state. Crime rates are high and the schools are terrible.