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. From museums to battlegrounds, Charlotte has a wide range of historical sites that make it one of the most interesting cities in America. 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 . In order for the housing market to be successful and thriving it has to satisfy the necessities of the citys possible new residents. flickr/John Rees. You can live in Charlotte for a lot less than you can a lot of other major cities. 5 things People Hate About Charlotte | Moving to Charlotte NC | Things to Know About the Charlotte http://www.SirAshley.com Call/Text 704-775-1236 Subscrib. Compared to other cities, we have very few cultural outlets and there are only so many football games you can attend. 3. With growth comes more residents, with more residents come more cars, and with more cars comes traffic. Pro: Good education. However, localities can add as much as 3%, potentially topping out at a 9% hit to your wallet . I mean, the brilliantly beautiful changing leaves are alright. Average rent: The average rent for an apartment in Charlotte is $1,639 per month. You can move here and decide how to move forward with your life. However, unlike many people any . Keeping to the trend so far, Clanton Park-Roseland ranks as the number 8 worst spot in Charlotte for 2022 because of its economy. The overall median sale price rose 7.5% to $215,000, though the number of homes available for sale dropped by 3.9%. Hello there and welcome to our website! 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. Theres no escaping the heat: the humid summer months bring high temperatures that arent pleasant for anyone. Its not uncommon for these congested roads to take 10 minutes or more to navigate through during peak hours. From Charlotte, you are also a few hours away from Atlanta or Charleston. The city of Charlotte, NC is a prosperous metropolitan area that attracts people from all over the country within its borders. Sub-par K-12 education. 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. Even if it is still considered a new city, Charlotte has had its fair share of history, some that even placed it in the history books of the nation. The dark side - There are 2 that I am very well aware of. That's 6% below the national average for food and grocery. Here's an idea of how much things cost when moving to Charlotte, as reported by Payscale: Energy bill: $153.91. Between 2010 and 2018 the Charlotte metro area became the 7th fastest-growing metropolitan area in the US. 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. The Panthers are the five-time NFC South champions, so even if you're not a Panthers fan now, you may just become one. The Levine Museum of the New South showcases some amazing artifacts from throughout the regions history, while visitors can also take a stroll through Fourth Ward Park to enjoy views of uptown and learn about its past. Insider came up with a list of the worst things about living in each state, with flaws ranging from minor ones like "too many hipsters," to major ones like "a high range of drug overdoses.". 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. Flickr / Matthew Paulson. 5,900 new listings, 4,800 pending sales and a median home price of $271,500. The Tar Heel State is rife with rich history from being the place where man first took flight to once being the furniture capital of the world. (For more news like this, find your local Patch here. First of all, these are the top 10 North Carolina pros and cons: Great sense of community. It can be difficult to find diversity here if you dont go looking for it. Cost of Living in Charlotte, North Carolina. It will be hot in July and August. For these reasons, most Charlotte residents rely on their cars to get around. It can also be short. Bri Hand is Landing's Content Marketing Manager. Charlotte has some of the worst traffic in the country. In the summer youll want to go to the beach with temperatures between 57 and 90 degrees. 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. Renters pay a median price of $1,345. The city grew with several landmarks throughout its history: With a complicated history, Charlotte had the time to assimilate and mold itself to the needs of its residents. And that is that more and more companies will look at the city as a new hub for investments. As one of the largest cities in North Carolina, Charlotte is home to hundreds of delicious and unique eateries. Charlotte boasts an incredibly affordable cost of living. 2. travel times upwards of 30 minutes to an hour, University of North Carolina, Chapel Hill, 12.8% poverty rate, which is an 8.15% decrease from the previous year, $63,483 median household income, which is a 4.47% increase from the previous year, Booming industries such as healthcare and social assistance, finance and insurance, and retail trade. The development of the citys population can also lead to one thing. We have good weather. The real estate market that we have in Charlotte, NC has a recent history of being among the best real estate markets for long term investments in the U.S. If you dont work in these industries, your job opportunities could be slim. 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. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'combadi_com-mobile-leaderboard-1','ezslot_17',141,'0','0'])};__ez_fad_position('div-gpt-ad-combadi_com-mobile-leaderboard-1-0');The weather in Charlotte is not extreme. Nightlife. Statewide, the rate is 6%. You can peruse through racks upon racks of well-curated items that are sure to make any outfit stand out from the crowd! Also, in recent years, Charlotte saw positive growth in its job market, which is 2.7%. Also, more and more people are using the citys public transportation system. 10. Nestled near the Southwestern border, North Carolinas largest city, Charlotte, is a place like no other. 8. However, compared to the national average, you will get it cheaper here. Relax and read it through! In Charlotte there are a lot of restaurants, coffee shops, and parks. East Carolina University is also located nearby and offers many undergraduate and graduate degree programs. The variance may not be huge. However, like every city, Charlotte has its own set of perks and challenges that a future resident should be aware of. Charlotte is one of the growing and developing cities in the state in terms of economy and job market. You would have to earn a salary of $61,571 to maintain your current standard of living. So lets see some cons of living in Charlotte, NC so you can decide if they might constitute as reasons not to move to Charlotte, NC. While Charlotte certainly offers the convenience of an urban area, you shouldnt expect the same nightlife as larger U.S. cities. However, there arent enough homes available on the market. 2. This means longer waits at stop lights, more crowded highways, and greater potential for accidents. Aside from that, the economy is growing. It will get there in due time, it just hasnt reached that point yet. Credit. This makes Charlotte a part of the 20% cities in the U.S. for the increase of housing prices. 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. There are even a herd of top financial advisor firms ready to help you get your finances on track. The soil in and around Charlotte makes it challenging to grow a garden. Coldwell Banker Residential Brokerage - Chatham, 840 Newport Center Drive Ste. It is not the cheapest in North Carolina. In addition to these major employers, there are countless small businesses and start-ups that help create an environment ripe for economic success. If youre planning on moving to the Charlotte area, youll want to take the proper safety precautions for the following weather events: That being said, Charlotte is certainly not a bad place to live in terms of weather. It is the third fastest-growing major city in the country. But, Charlotte is growing fast and the cost of living keeps edging up higher every year. Aside from the sports, the city is full of areas you can explore. 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. Traffic congestion can be problematic in the downtown area and key access points. The city will be on the Worst Cities for Respiratory Infections list in 2021. Overall, Greensboro's crime rate is higher than the national average. The lower unemployment rate is good news, especially for those seeking jobs in Charlotte. 100, Newport Beach 92660, 2309 Center Street Ste. 2. Investing in the Charlotte, NC real estate market can provide a good long term profit, once the current climate changes. From biking along the Little Sugar Creek Greenway where visitors can experience nature through their own two wheels to kayaking on Lake Wylie where locals can spend the day relaxing on the water theres something here for everyone!Charlottes Little Sugar Creek Greenway (Creator: Roots Rated). 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. To maintain your standard of living in Charlotte, NC, you'll need a household income of: $67,318. We will discuss these more later. 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While there is no guarantee these extreme weather events will happen, they are something residents should be aware of before moving to Charlotte NC. 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. 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. With hundreds of fully furnished apartments in Charlotte, flexible and short-term leases, and even pet-friendly options, finding your new home will be a piece of cake. The facility was clean and very well-kept. Temperate weather and mild winters. We have beautiful scenery, friendly people, an awesome culture, and great food! The same is valid with food and groceries, utilities, and transportation. Pay attention and invest in the next new, hot and happening neighborhood in an effort to make better revenues. The US Department of Agriculture (USDA) defines food insecurity as a state in which consistent access to adequate food is limited by a lack of money and other resources at times during the year, Insider said, adding that US News ranked the state No. Charlotte is a city of many outdoor and indoor activities.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'combadi_com-narrow-sky-1','ezslot_20',140,'0','0'])};__ez_fad_position('div-gpt-ad-combadi_com-narrow-sky-1-0'); if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'combadi_com-leader-2','ezslot_13',142,'0','0'])};__ez_fad_position('div-gpt-ad-combadi_com-leader-2-0');There is no time for boredom to foster here. You will never run out of cool stuff to do here. Unfortunately, the southeastern coast of the United States is prone to many natural disasters. Add to its diversity or help it find its culture. The 45-minute workout will spike your heart rate and leave you dripping in sweat but is scalable for all fitness levels. That can mean location, pricing, quality of life, education and safety. The public schools in Charlotte are above average. So, if youre looking for fun things to do in Charlotte, you definitely need to eat out. There are many areas where you can live in Charlotte, NC which means that there are also many areas where you can go. This can be seen through the few languages spoken by most citizens and the limited types of food available around town. So lets see why does the real estate market in Charlotte, NC attracts so many investors as well as new residents. Rising Housing Costs. Higher Education When Living In Charlotte, 18. And I assure you, no sign of the growth stopping anytime soon. Actually, they're very comparable. The majority of the housing stock is either old, dilapidated, or both. I am so glad to see a fellow traveler. Gas prices are typically higher than in other major cities such as Chicago. 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. A lot of people are not from Charlotte/NC. 9. Like many people our age, we've traveled overseas quite a bit. Mint Hill Senior Living. Bustling business. Also Read // 8 Good and Bad things about living in Alabama. The cost of housing is cheaper than the national average. There is also the Outer Banks region which is a lean stretch of land separated from the mainland that works as a resort. Theyre everywhere. As a good location for long term investments in general, you might consider investing in property here for its great potential. Charlotte offers an abundance of opportunities to experience visual art, music, theater, dance, and more. Charlotte is nestled between two lakes, Lake Norman and Lake Wylie, both accessible in under an hour by car for boating, swimming and fishing. Don't let the seemingly high crime rate in Charlotte, NC scare you. With a list of pros of living in Charlotte, NC, we also have a list of cons. Today they're permanent residents of the country and considering naturalization."We're just a couple of normal people. Make sure you set your schedules around it. Notable neighborhoods. If you want you can find amazing resorts all around the creeks if youre looking for a quick getaway or simply if you want to just go to the ocean or the mountains as there are lakes and springs just 2 hours away surrounding Asheville. At that time it reached 873,000 residents and there are no intentions for it to stop growing anytime soon. Unlike places like New York or Miami, bars and nightclubs close a bit earlier in Charlotteusually around midnight, but occasionally as late as 2 a.m. That being said, downtown Charlotte is home to a few local hotspots and sports bars. Some of the worst things about living in various other states included: To read the complete "the worst thing about living in each state" list, visit Insider. 8. To people from New York, Charlotte will seem like the off season when everyone is in the Hamptons in the summer. This is especially necessary for those who live in one of Charlottes many suburbs, such as Davidson, Belmont, or Fort Mill. Recent reports show that tech jobs are abundant in the Charlotte metro area. There are times when it feels like no one lives in Charlotte. Wood serving tray provides convenience for your daily use in the kitchen, dining room, living room, coffee table, and is also a