North Carolina is mostly good, but these ten things put the B in bad. Before you commit to becoming a full-blown Charlottean, take a look at living in Charlotte, NC pros and cons: Pro: Delicious food. Charlotte is famous for racing. However, even if it is cheaper, the variance from the national average is not huge. However, Charlotte, NC crime rates dont seem to affect the influx of new residents and as new residents need housing, the housing market isnt badly affected. One thing that could be improved on is the lack of rich cultural roots. Charlotte is a city that has something for everyone from the cultural amenities of the Uptown area to the outdoor activities of the greater Charlotte region. A lot of people are not from Charlotte/NC. Here's why. Thats an increase of $8,500 in the period of one month. At that time it reached 873,000 residents and there are no intentions for it to stop growing anytime soon. While the following list will cover the cons, they are open to interpretation and might seem less important to some than to others. Credit. But with anything in life, there's good and there's bad. This means longer waits at stop lights, more crowded highways, and greater potential for accidents. Charlotte has a rich and vibrant history that is full of interesting stories and facts. If youre coming from Greensboro,NC., you might find the few moments of congestion a bit annoying. No matter what type of shopping youre in the mood for, Charlotte has something special waiting for you. The Drake is an exceptional assisted living community located in Concord, 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. While Charlotte won't win any awards for 'cheapest American city,' our cost of living is affordable. Its not because of the quality of the roads, but because of the distance from point A to point B. The Outer Banks region is a friendly enough resort you can also visit. People are friendly but reserved. Now, the city of Charlotte, NC was named after Charlotte, wife of King George the III and its term of endearment is Queen City. From its numerous galleries to live performances and festivals throughout the year, Charlotte has something special for everyone. Temperatures vary between 31 and 51 degrees so you probably wont be needing thick coats or gloves too often. Still, the housing market is affordable, accessible and attractive for both investors as well as new residents. 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. 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. You could look into podcasts or playlists of your favourite artists as your time in your car might increase if you move here. Recently, the Charlotte housing market forecast for 2020 was that it will continue to grow by 3.8% by 2021. The result is a lot of traffic on the roads, which only gets worse during rush hours. Drivers are prone to road rage and they will do anything to get revenge on someone who cut them off. 16. 2. Let us start with the good things you can expect when you live in Charlotte, NC. No One Is Actually From Charlotte. 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. You will want to keep a lot of mosquito repellent handy. It is also a Gamma+ global city. To underline its amazing growth, we can also look at the job market which is now the 8th fastest growing job market in the U.S. Industries like Aerospace & Defense, Automotives, Biotechnology & Pharmaceuticals, Business & Financial Services and Energy are all a part of this growth that also brough 6 Fortune 500 companies in Charlotte, NC. Those looking for a mild climate may want to look elsewhere as storms are not uncommon during the summer months with hail being a regular occurrence when thunderstorms roll through. 100, Newport Beach 92660, 2309 Center Street Ste. There are many factors when considering a relocation to a new city. And that is that more and more companies will look at the city as a new hub for investments. Required fields are marked *. However, for the younger crowd, there is nothing to do. 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. (8 Main Reasons). The cost of living is 3.98% lower in Charlotte, NC. Over the years, residents are seeing the traffic getting increasingly congested. The Carolina Panthers. It means that there are enough opportunities here. PRO: Cost of Living in Charlotte, NC. Perfect for the changing seasons and close enough for you to be able to take advantage of the best of both worlds. The worst part is that there are no signs telling you what street youre on or which direction to go, so its up to you and your sense of direction. This is mostly due to the citys reasonable housing, utility, and grocery prices. Panthers Founder Dies + High School Opens Beauty Salon, NC Senator Runs For Lt. As of March 2023, the average apartment rent in Charlotte, NC is $1,469 for a studio, $1,436 for one bedroom, $1,681 for two bedrooms, and $1,982 for three bedrooms. The city lies just south of the geographical midpoint of South Carolina's coastline on Charleston Harbor, an inlet of the Atlantic Ocean formed by the confluence of the Ashley, Cooper, and Wando rivers. Its one of the best cities in the US when it comes to its housing costs. 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. It also stops running at midnight, making it difficult to travel from one part of the city to another after dark. While Charlotte certainly offers the convenience of an urban area, you shouldnt expect the same nightlife as larger U.S. cities. You should try to visit there sometime. The dark side - There are 2 that I am very well aware of. In no way is RealEstateAgent.com responsible for the services provided by the advertisers on this site, nor can it be held liable for any damages resulting from the services, contacts, or deals resulting from agents found within this site. Le Meridien Charlotte's City Lights Rooftop offers sweeping 360-degree views of Uptown. Whether youre coming from New York in search of a more peaceful community or youre moving from Salisbury, NC seeking a job in financial services, Charlotte is the perfect mix to make everyone feel confident that they found exactly what they are looking for. For many residents, Charlotte is a city that can present a lot of possibilities and opportunities. Living in Charlotte, NC isn't that expensive especially because the cost of living there is about 5% lesser than the national . C, Deer Park 77536, Real estate news, strategies and insights. You can also swim in the lakes in these mountains. You can score an affordable ticket on the LYNX rail system, but the stops are pretty limited to the downtown area. Its not always a fun experience for out-of-towners, but if you know where youre going, there are some great restaurants and shops to be found, with that said, if you need help finding anything (or anyone), just ask a local theyll be more than happy to help. Find a Yoga class, a festival, explore the culinary diversity, go hiking with friends or catch a match at the Bank of America Stadium or at a bar. Cost of living: The cost of living in Charlotte, NC, is about 5 percent below the national average. Despite having a bus and train line, Charlotte is definitely a driving city. It is the third fastest-growing major city in the country. Related Article // 8 Best and worst things about living in Philadelphia. The same is true with the energy sector. However, unlike many people any . Before moving to Charlotte, let's get you acquainted with its charm by noting these main selling points and areas of interest. There are football, basketball, and hockey teams here. 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. It also is a hub for finance and technology companies such as Wells Fargo, American Airlines, and Red Hat. 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. What I can assure you about Charlotte is its job growth. Thankfully, I was able to avoid hitting any pedestrians or cars and maintain control of my vehicle until I got off the road. As Charlotte is spread out, you will require a car to get to where you are going and you will feel the miles. First, the unemployment rate here is lower than the national average. One of the most notable is the fantastic education system available to children and young adults. The 45-minute workout will spike your heart rate and leave you dripping in sweat but is scalable for all fitness levels. 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. Charlotte, NC. Fortunately, you wont have to travel far for urban convenience and excitement in North Carolina! It is not the most expensive either. Hello there and welcome to our website! The unemployment rate in the city does not reach the 5% mark. Like most cities, Charlotte has a variety of neighborhoods in different parts of the city and each has its own unique feel. Charlotte, North Carolina Crime Rate & Safety. The ever-increasing population means an increasing list of talent for companies, too. 1.3 3. Also, in recent years, Charlotte saw positive growth in its job market, which is 2.7%. View All 17 Photos . Charlottes downtown has a maze of one-way streets and confusing intersections, making it hard to find your way around. Re: Worst part of living in Charlotte. It is not the most expensive either. When you compare Charlotte with the national average, it is about 1.1% lower. com com 716-397-8862 or 716-485-3679. And as the city grows, it is becoming more diverse. And with the US averaging a 6% unemployment rate, you can rest assured that you will easily find jobs in Charlotte than anywhere else. Strong winds from hurricanes or other storm systems can cause property damage and power outages that last for days or even weeks at a time. The overall median sale price rose 7.5% to $215,000, though the number of homes available for sale dropped by 3.9%. I know you are looking at Charlotte as the ideal place to work. 2. Dont take our word for it, go find out for yourself. 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. Rosensteel Fleishman, PLLC, offers services in Charlotte! Here, sales taxes can reach about 7.3%. This weather makes the city an ideal place for people to move in. It can also be short. As for cycling, well, just dont try it unless you enjoy risking your life. Many of these jobs are from the more established companies. If you love food, the influences of the South are vital here. As stated above, Charlotte is the largest city in North Carolina and is only trumped by the city of Jacksonville, Florida as the largest city in the Southeastern U.S. Having been charted all the way back in 1768 by European settlers under the Kings rule which he named it after his wife, Charlotte, and named the surrounding area after her birthplace in Germany, which is now known as Mecklenburg county. The ocean, as we already covered in the pros, is 3 and a half hours away and within the city of Charlotte there is no large lake or body of water. If they do however, the decrease could be brief and short lived. Pro: the job market in the city is on an upwards trajectory. Living in Baton Rouge, LA What is it like Pros and Cons, Living in Pittsburgh, PA What is it like Pros and Cons , unemployment rate, Charlotte sits at 4.9%, +12 Things to Do in Indianapolis Without a Car, +12 Things to Do in Arlington without a car, Top 11 Best Things to Do in Garland if Under 21, Living in Moreno Valley, CA What Is It Like Pros and Cons. Why Should You Get Onboard the Digital Marketing Bandwagon? One of the best aspects of living in Charlotte is its booming economy. Job growth overall has been at 2% since 2010, which compares favorably with Detroit at 0% or St. Louis at 1%. A considerable number of investing companies can only mean growth in its economy and finances. As we already noted, in Charlotte you get access to both the beach and mountains. Although Charlotte, North Carolina, is home to an affordable housing market, finding the right apartment isnt always easy. Having a growing melting pot of diversity, creativity and southern charm, an abundance of beautiful parks and nature, while also hosting metropolitan skyscrapers, its no wonder why people love the city of Charlotte! We discussed the cost of living in Charlotte. City Guide It is not the cheapest in North Carolina. If there is one thing that you should watch out for in Charlotte, it is the cost of healthcare. 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. 1.1 1. High tax burden. #62 in Best Places to Retire. 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. Also, more and more people are using the citys public transportation system. To answer the OP's question. 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. There was a jump of over 13,000 new residents between 2017 and 2018. Weather. During the summer season, you may want to go to the beach. For example, if you spend $100 on clothes or shoes youll need to pay an extra $6.00 no matter how much you buy. You can't drive 10 miles in the Charlotte area without going by a golf course. Wood serving tray provides convenience for your daily use in the kitchen, dining room, living room, coffee table, and is also a You do have Catawba River and Creek as well as Steele Creek but thats about it. Between 2017 and 2018, the growth of residents was at 13,000. From strict leases to unfurnished spaces, searching for a Charlotte apartment can be tricky when youre on a time crunch.