With more than 850,000 residents as of 2019, Charlotte is the largest city in North Carolina and one of the 20 most populous locations in the nation. It’s currently the third-fasting-growing city in the U.S. with a rapidly increasing millennial population and ranked top in this category consistently from 2004 to 2014. Sperling’s Best Places has named Charlotte as one of the nation’s top 10 baseball cities and most energetic cities.
Although the cost of living in Charlotte is higher than the national average, unemployment is lower than average for the U.S. while projected job growth and annual income are higher than the national average. The financial sector is a major employer of Charlotte residents, with more banks than anywhere but New York City. The city is the home of seven Fortune 500 companies including Bank of America and Lowe’s. Energy-related organizations have also seen rapid growth within the region.
Living in Charlotte
With dozens of major events and recreational opportunities, Charlotte is a great home for those who like to get busy. When it comes to sporting events, take your pick of the NBA Hornets, the NFL’s Carolina Panthers and many NASCAR events including the annual all-star race. The city is also home to its own ballet and children’s theater as well as the Carowinds amusement park.
Students in Charlotte are served by the Charlotte-Mecklenburg Schools, which is the second largest public school district in the state. The city is also home to several major colleges and universities including the University of North Carolina and Johnson & Wales University.
Buying a Home in Charlotte
Charlotte’s notoriously hot housing market can make it tough for buyers to find the perfect home here, especially those on a budget. In early 2019, the Charlotte Observer reported that limited inventory and rising prices were driving buyers to outlying counties. However, while the average sales price for 2018 of $286,796 is expected to increase, growth will be slower than in years past.