When you compare Charlotte, however, with the rest of North Carolina, Charlotte is more expensive. Charlotte is also near the area known as the Research Triangle. This North Carolina staple refers to the three nearby universities of: Not only does the Research Triangle offer exceptional educational and cultural opportunities, but these nearby universities also contribute to the areas booming economy. 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. Sq. For these reasons, most Charlotte residents rely on their cars to get around. Charlotte, North Carolina. The hot and humid summers in Charlotte can reach temperatures up to 100 degrees with high humidity making it hard to stay cool. From over-the-top advertising to potholes, here are 20 bad things about living in Charlotte NC that you should know about. Apartment rent in Charlotte has increased by 2.2% in the past year. Nightlife. This is the case even if youve been there before; its easy to get turned around. 10 Pros and Cons of Living in North Carolina Right Now The city will be on the Worst Cities for Respiratory Infections list in 2021. As one of the largest cities in North Carolina, Charlotte is home to hundreds of delicious and unique eateries. It really depends on where youre coming from and what youre accustomed to. Cool off with summery Sparkle & Pop ,a fruity blend of your favorite bubbly (Cava, Prosecco, or Rose) with a King of Pops' popsicle dipped upside-down in the glass. In addition to these major employers, there are countless small businesses and start-ups that help create an environment ripe for economic success. 8 Things You Must Know About Retiring to the Carolinas 1. Investing in the Charlotte, NC real estate market can provide a good long term profit, once the current climate changes. 10 Top Pros and cons of living in Canada vs UK. Like & Share with friends and family and see what they have to say about the Queen City. Overall Score 6.5 /10. The most dangerous neighborhoods lie in the southern and eastern sections of the city, so prospective residents . There are times when it feels like no one lives in Charlotte. The Bechtler Museum of Modern Art features works by renowned artists like Picasso and Warhol. 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. During this time, visitors cant enter the park and there are no services available inside. Is Moving to Charlotte Right for You? A 2022 Guide | BELLHOP Living in Charlotte, North Carolina has many advantages. It is not the cheapest in North Carolina. The same is true with the energy sector. Everyone is completely normal, culture is not diverse at all. When most people think of foodie cities, I doubt our city comes to mind, which is a pity. NFL fans have much to enjoy in Charlotte--it's the home of the Carolina Panthers! Job growth overall has been at 2% since 2010, which compares favorably with Detroit at 0% or St. Louis at 1%. Theres always something new happening in Charlotte and Im sure youll find your niche soon enough! 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. The result is a lot of traffic on the roads, which only gets worse during rush hours. The city boasts one of the fastest growing economies in the U.S., with many Fortune 500 companies headquartered or operating here, from Bank of America to Wells Fargo to Lowes Home Improvement Stores and more. View All 17 Photos . Charlotte is a great place to live, with friendly people and a thriving economy. It later progresses and discusses the ups and downs of living in this iconic city. It is the same as the national average. Winter brings its own set of issues with temperatures dropping into the 20s at times and snow occasionally coating roads, making travel treacherous. Sure, its not New York City where you need to make $100,000 per year just to have enough money for rent, but its still expensive. Charlotte is also prone to tornadoes and hurricanes because of its location near the Atlantic Ocean. Charlotte at a Glance: Population: Charlotte's population is nearly 880,000, according to the 2021 Census estimate. Still, the housing market is affordable, accessible and attractive for both investors as well as new residents. Property taxes are also higher than in most areas in North Carolina because of the high quality of life enjoyed by residents. Despite the large population size, there are very few immigrants from different countries that make up the citys culture. Mosquitoes are a nuisance year-round, but they seem to be especially bad during the summer months. About 15 percent of West Virginias population, by comparison, has food insecurity. You could look into podcasts or playlists of your favourite artists as your time in your car might increase if you move here. With that said, the city is less expensive than other major cities. 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. These Are The 10 Best Charlotte, NC Suburbs To Retire In Higher Education When Living In Charlotte, 18. The Mint Museum, Levine Museum of the New South and Bechtler Museum of Modern Art are sources of local culture. It can also be short. 2. According to Zillow, the average home value in Greenville is about $230,000, which is up about 9% since last year. To answer the OP's question. Home prices here are well below the national average and renters can find great deals too. 10830 Lawyers Rd, Charlotte, NC 28227. Access to quality health care. The 45-minute workout will spike your heart rate and leave you dripping in sweat but is scalable for all fitness levels. So lets see what the city has to brag about and some of the reasons why you should move to Charlotte, NC. Why Black Americans Are Moving to Charlotte, North Carolina: 7 Things 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. 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. Aside from finance, the trucking and freight industries are also growing in the city. 2. Traffic congestion can be problematic in the downtown area and key access points. Catch a Panthers game at the Bank of America Stadium, situated comfortably on 33 acres and located right off I-277. Compare that to New York at 187/100 or San Diego at 160/100, and you see that Charlotte isn't bad at all. Pros And Cons Of Living In Charlotte, NC - The OFFICIAL Real Estate Charlotte has always been a disaster magnet. The cost of living in Charlotte averages about 1% lower than the national average. 20 Bad Things About Living in Charlotte NC - American Dailies When you start living in Charlotte, religion is a way of life. Living in Charlotte, NC | U.S. News Best Places Required fields are marked *. 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. This means that the cost to live in this city is astronomically high. Yes, thats how traffic is for Charlotte but some people may find it as a con. During 2019 the real estate market in Charlotte, NC managed to increase in value by 4.5%. The city has been consistently ranked among the top cities with the worst traffic in the US over the past few years and continues to experience rapid population growth. Here's an idea of how much things cost when moving to Charlotte, as reported by Payscale: Energy bill: $153.91. How you manage your finances will still determine your stability in the city. The battles and struggles of the past were left in the history books as the city moved towards a future that shared the pieces of the pie to any and all its residents. 15 HONEST Pros & Cons of Living in Asheville, North Carolina What I can assure you about Charlotte is its job growth. It also stops running at midnight, making it difficult to travel from one part of the city to another after dark. The Panthers are the five-time NFC South champions, so even if you're not a Panthers fan now, you may just become one. In 2018, about 873,000 new residents flocked to Charlotte to live and work. It is never too hot. However, compared to the national average, you will get it cheaper here. Many families and young professionals live in Charlotte and residents tend to lean liberal. Here, you can hike or climb a mountain. Add to its diversity or help it find its culture. Charlotte levels with the rest of the country when it comes to the cost of healthcare. Albuquerque vs. Denver - Where is the best place to live? The average salary in Charlotte vs Raleigh is the same: $68,000 per year. This can be seen as an opportunity. Between 2010 and 2018 the Charlotte metro area became the 7th fastest-growing metropolitan area in the US. The median rent for a two-bedroom apartment is $1,173. For example, if you spend $100 on clothes or shoes youll need to pay an extra $6.00 no matter how much you buy. Giants like Bank of America, Lowes, and the US Trust and Compass Group have their bases in Charlotte. Like us to see our daily real estate updates! An added bonus: Saturday morning Burn Boot Camp workouts in Charlotte are co-ed, free and open to the public. That can mean location, pricing, quality of life, education and safety. (8 Main Reasons). 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. The city has many amazing vintages finds located throughout the downtown area. I have a good job making good money ($36-39k) but still cannot afford. You can score an affordable ticket on the LYNX rail system, but the stops are pretty limited to the downtown area. There are even a herd of top financial advisor firms ready to help you get your finances on track. People are friendly but reserved. According to Payscale, the cost of living in Charlotte is 5% lower, and housing is also 14% lower than the national average. The city has seen more than $1 billion in new construction over the last year: All this new development means there are plenty of places to live, work, and play. You will never run out of cool stuff to do here. You can come here, decide what you want to do with your life and find your path. Moving to Charlotte NC | 2022 Cost of Living and Relocation Tips This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Contents hide. In conclusion, living in Charlotte NC can be a great experience for those looking for warm weather, growing job opportunities, and a variety of entertainment options. In order for the housing market to be successful and thriving it has to satisfy the necessities of the citys possible new residents. In Charlotte there are a lot of restaurants, coffee shops, and parks. We have a massive brewery scene. Some of the most popular joints in this city include: Whats more, if you have a dog, there are plenty of dog-friendly restaurants around this city to choose from. It has the finance industry as its flagbearer and is home to the countrys second-largest banking center, next to New York City. You can live in Charlotte for a lot less than you can a lot of other major cities. What can be done about the affordable housing crisis in Charlotte Public transportation doesnt make life in Charlotte any easier. At that time it reached 873,000 residents and there are no intentions for it to stop growing anytime soon. Over that period of five years, there were also about 117,000 jobs created. 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. A crossbreed of a Bichon Frise and a Cavalier King Charles Spaniel, the Cavachon makes for a loyal, energetic, and lovable pet. 1. What Are The Pros And Cons Of Living In Greensboro, NC? We get a score of 98.9/100, just under the national average. Therefore left is right, "stop" means "go," and every day is opposite day. Over the years, Charlotte was able to put up with enough diversity. The cost of living in Charlotte averages about 1% lower than the national average. Charlotte Living Is Cheap. 2) Unique neighborhoods and affordable city living. With a list of pros of living in Charlotte, NC, we also have a list of cons. What are the downsides of living in Charlotte, NC? - Quora It can also mean more savings for you if you work here. The same is valid with food and groceries, utilities, and transportation. However, income taxes are high at 5.5%. You do have Catawba River and Creek as well as Steele Creek but thats about it. It is the third fastest-growing major city in the country. Living in the Queen City, though, you'll likely eat out a lot. 22 Things to Know Before Moving to Charlotte, NC - Apartment List My wife Amy was a rep in real estate. But for those who really love to garden, there are still plenty of places outside of the city that has good soil. It could be because with the growth of population comes the growing number of cars. Most pay between 6.75% to 7%, although there are a handful of counties where the rate is 7.5%. The cost of living in Charlotte, NC is 2.6% higher than in Orlando, FL. There are a few pros and cons of living in Cedar City, Utah. If they do however, the decrease could be brief and short lived. It is also a Gamma+ global city. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 American Dailies | Powered by Astra WordPress Theme, 3. So, if youre looking to live in a buzzing metropolitan area without breaking the bank, Charlotte, NC, is a viable option. 3. Answer (1 of 22): There is definitely the stark racial divide, however - as time goes forward, it has gotten better - I live here now. The 8 Pros and Cons of Living in Charlotte | Landing 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%. Here are the cities and towns in North Carolina that have the highest number of properties at risk of flooding. Charlotte, NC, Crime Rate & Safety | U.S. News Best Places Here are seven things to know. According to PayScale, the cost of living in Charlotte is approximately 5% lower than the national average. Make sure you set your schedules around it. This area is BOOMING! Average rent: The average rent for an apartment in Charlotte is $1,639 per month. Aside from the sports, the city is full of areas you can explore. From Charlotte, you are also a few hours away from Atlanta or Charleston. 2. This rate is higher than the national average of 4.6%. There are more than 100 breweries in the area: If you like beer, youre going to love Charlotte. Charlotte, North Carolina Crime Rate & Safety. When I say that the city has a respiratory problem, I mean that the citys air quality is not the best. Statewide, the rate is 6%. Shop-till-you-drop types will love SouthPark mall, the city's upscale destination with . But, Charlotte is growing fast and the cost of living keeps edging up higher every year. Charlotte, North Carolina is often referred to as The Queen City and there are so many great reasons why! Albemarle. 10 Things You've Grown To Undeniably Hate If You're From North Carolina. I mean, the brilliantly beautiful changing leaves are alright. One of the biggest cons of living in Charlotte is the traffic congestion. Living in Charlotte, NC: 14 Pros and Cons (Video & Prices) We discussed the cost of living in Charlotte. People who are living their best retired years. 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. 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. If youre looking for something new, try taking an art class or going out to eat at one of our local restaurants. Downtown is a maze. Golf. The 20 Worst Places to Live in North Carolina - Money Inc One pro, Introduction In Dallas, TX, affluent black neighborhoods can be found throughout the city. Shop Wayfair for the best round wood tray with handles. Enjoy Free It is also more affordable than most cities in North Carolina. Bri Hand is Landing's Content Marketing Manager. 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.