Why Charlotte, NC Is One of the Fastest Growing Cities in America
It’s no secret that Charlotte, NC is a top spot for relocators, and it’s not just because of our warm weather.
As of 2021, over 145 people per day are moving to Charlotte. The city has grown from a population of around 700,000 to over 950,000 people in just a year. Charlotte, NC is one of the fastest-growing cities in America because of these five things:
- Manageable Cost of Living
- Professional Sports Teams
- Big Business Headquarters
- Big City Amenities
- Small Town Feel
To learn more about Charlotte’s appeal and why many people are choosing to call it home, keep reading!
Reason #1: Manageable Cost of Living
The apartments and houses in Charlotte are much more affordable than those in other cities such as New York, Boston, and San Francisco- thus driving former northeastern residents here.
The cost of living in Charlotte, NC is approximately 1.8% lower than the national average. The average square footage and price of a home are 1,715 square feet and $225k, respectively. This makes it the perfect place for an expanding family to settle, or maybe someone that just wants a little more room.
After the pandemic, many companies ditched their office spaces for good or had employees that opted to work from home. This created an unprecedented need for a more comfortable living situation. For most people in large cities like Chicago or Los Angeles, this feat was financially impossible.
That being said- the demand for housing continues to far exceed the supply, causing a rapid increase in home prices across the area. Full-price offers are getting outbid by out-of-town buyers willing to pay all cash.
The forecast for 2022 shows no end in sight. If you’re relocating to Charlotte, NC, I recommend contacting a licensed real estate agent to help you navigate the market as soon as possible!
Reason #2: Professional Sports Teams
Watching your favorite professional sports teams is a ritual like no other.
Charlotte is home to several professional sports teams, including the Panthers (NFL), Hornets (NBA), and Checkers (AHL). We also have a Triple-A baseball team, the Charlotte Knights.
I know it’s hard to convert a New England sports fanatic, so if Carolina sports aren’t your thing- fear not; self-proclaimed team-specific sports bars are popping up all over. If you’re looking for a great atmosphere to watch your beloved Patriots, check out Beantown Tavern.
The most exciting news of all is that Charlotte, NC is getting a soccer team in 2022! The Charlotte Football Club will be transforming Bank of America Stadium in a $50 million renovation expected to be completed mid-next year.
Reason #3 Big Business Headquarters
Charlotte is one of the largest cities in North Carolina, not to mention an up-and-coming business hub.
The most popular industries in Charlotte, NC are banking/finance, technology, and energy. Fortune 500 companies such as Honeywell and Trust moved to join other heavy-hitters like Lowes, Bank of America, and Duke Energy.
In 2019, Forbes named Charlotte as one of the top places for businesses. This is because of its quick access to international airports and a talented workforce from high-performing universities like UNC-Chapel Hill and Duke University.
With that said, there are plenty of career opportunities that couple a great work-life balance with top-notch benefits that big businesses have to offer!
Reason #4: Big City Amenities
Charlotte, NC is a beautiful place with plenty of amenities that any big city has to offer, but without the hassle.
From museums and high-end shopping to restaurants and nightlife, there’s something for everyone! With tons of parks and green space, you can enjoy a quick walk or bike ride during the day or enjoy a two-hour trip to the beach or mountains.
Charlotte also has a rich history and strong performing arts scene, making it a perfect spot for immersing yourself in new culture. The restaurant industry is also welcoming many new players. Be sure to check out the newly opened Bocado, a Georgia-based bar and diner specializing in Southern comfort food in Southend.
Mecklenburg county continues to flourish with the addition of new shops and boutiques every month. Above all, these amenities are easily accessible by car (You didn’t think we were going to make you carry all of those shopping bags home, did you?).
Reason #5: Small Town Feel
While growth is welcomed, something we native-Charlotteans hope never goes away is the small-town feel.
There’s a perfect balance between big-city amenities and small-town comradery; it’s easy to make new friends or rekindle old friendships. We’re the type of people who hold doors for strangers and give kind words when you need them most!
The best part of all is that some of the best neighborhoods are a stone’s throw to the most popular restaurants and shops. From Dilworth to Plaza Midwood, each community has its own unique flair to offer.
All of this is simply right outside of your front door.
The Bottom Line
After many years in this fast-paced city, I have no doubt there are plenty more reasons why Charlotte, NC is one of the fastest-growing cities in America.
The economy here is booming. Not only do we have multiple Fortune 500 companies calling our city home, but also some up-and-coming startups that are creating new jobs every single day. Being located close to some major universities definitely gives us an edge when trying to attract new talent into our workforce. Additionally, the new soccer team is sure to turn heads in 2022.
Rest assured, you can experience all of this without breaking the bank. So, if you’re moving here soon, get excited, and if you aren’t sure yet, we hope to have convinced you!
While a move can seem overwhelming, we can handle all of the specifics here at Daniels Real Estate Group. From scheduling listing appointments to recommending the best places to buy, we’ve got you covered. Our team of experienced agents is here to help!