Here’s Why Charlotte Became the Fastest Growing City in The Country Over The Past Decade

Charlotte NC Homes

Come and see why everyone is making the move to Charlotte!

The most recent estimates of the Census Bureau showed that Charlotte’s total population experienced one of the largest growth rates in the country among large cities over the past year.

A total of 17, 695 people relocated to the Charlotte region between July 2014 and July 2015. This places Charlotte next to Denver (18,582) and just ahead of Seattle (15,339).

For the past 10 years, a total of 888,000 people moved to the Charlotte metro area. This shows a decade-long growth rate of 59.6%, making Charlotte the fastest growing city in the country from 2004-2014.

Here are six top reasons why living in Charlotte makes perfect sense:

  1. Economics

Charlotte has one of the fastest growing economies. From 2003 to 2013, the city’s GDP saw a massive 26.9% growth. This record remains one of the fastest rates in the nation. In addition, Charlotte’s per capita GDP increased by 12.7% from 2005-2013.

Charlotte metro accounts for about 26% of North Carolina’s GDP. It is also home to 8 Fortune 500 company headquarters.

  1. Jobs

Charlotte’s economy has provided jobs for thousands of people. From 2005 to 2013, a total of 298,000 workers were added to the Charlotte metro area. The record is the fifth highest total growth among all US metro areas. During the same period, the work force increased by 39.7 %, the highest growth rate in the nation.

Homes for Sale in Charlotte NC

Charlotte has also been adding jobs in key sectors. The following is the growth in jobs per sector from 2005 to 2013:

  •         Agriculture and Mining – 282% growth
  •         Education and Healthcare – 58.5% growth
  •         Arts, Entertainment, and Food Services – 68% growth
  •         Professional and Scientific Management – 48.5% growth
  •         Public Administration – 58% growth
  •         Finance, Insurance, and Real Estate- 18.4% growth
  1. Salaries

In addition to creating thousands of job opportunities, people have also been drawn to Charlotte because the pay is really excellent. In 2013, the median income in Charlotte was $52,051.

Salaries in Charlotte are also growing fast. From 2003-2013, Charlotte posted a 10.5% increase in income. Many citizens of Charlotte have become wealthy mainly because of Charlotte’s economic growth.  

  1. Cost of Living

The cost of living in Charlotte is lower than most comparable cities. Housing is also affordable in Charlotte. If you are planning to purchase a home in Charlotte, you will find that it is significantly easier to do so than in many comparable metro areas.

Visit http://ShowcaseRealty.net and take your pick from among the available Charlotte NC homes for sale.

The median house value in Charlotte is $164,000 while the median rent is $827.

  1. Education

Charlotte is home to several good schools. One is Johnson and Wales University with 2,235 students. The university has  a $240 million endowment, a student to faculty ratio of 23:1, and a 62% graduation rate.

The University of North Carolina in Charlotte has 26,657 students and a $152 million endowment. It has a 19:1 student to faculty ratio and a 55% graduation rate. The median post graduation salary for this University is $43,000.

Queens University has 2,285 students and a $80 million endowment. It has 12:1 student to faculty ratio and a 52% graduation rate.

Davidson College has 1,788 students and a $649 million endowment. The college has 10:1 student to faculty ratio and a 52% graduation rate. It has a median post graduation salary of $42,500.

  1. Liveability

Charlotte is a safe place to live in. In fact, it has experienced fewer crimes than comparable cities. Traffic is also better here. Charlotte has a 47 minute average round trip commute time. The city also has some of the cleanest, least polluted air of any large US metropolitan area.

All in all, Charlotte is just an awesome place to live!

Call me, Nancy Braun, at (704) 997-3794. I can provide you with additional information about the lifestyle in Charlotte. I will be more than willing to assist you in all your real estate needs.

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