Cost of Living,
Charlotte's Real Estate Market
Charlotte-Gastonia-Concord Metro Area
Profile: Mid-sized city complex Location: Southwest North Carolina along Catawba River near South Carolina border Elevation: 769 Time zone: Eastern Standard Time
|Diverse economy||Crime rates|
|Educated population||Growth and sprawl|
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Charlotte is a modern urban and financial center grown up dramatically from its previous agricultural and regional banking roots. Today the city is reputedly the headquarters for more banks than any city outside New York, and is the home to such financial heavyweights as BankAmerica and Wachovia, as well as Lowe’s (home improvement retail) and specialty steel maker Nucor. A diverse commercial and industrial economy has developed around the financial industry. Downtown is a mix of contemporary skyscraper architecture and a number of well-preserved 19th-century neighborhoods.
Charlotte isn’t a world-class entertainment center – yet -- but the city has a good collection of museums, shopping options, and especially sports teams. The city is home to the Carolina Panthers NFL team and was able to defy sports tradition by actually replacing a professional sports franchise it lost, the Charlotte Hornets NBA team (now the Bobcats). There is an active NASCAR racing circuit in the area, centered in the otherwise ordinary Concord 20 miles northeast. The city has modern transportation amenities and even a few direct flights to Europe. Growth-related urban sprawl and related traffic problems are moderate to severe.
Most attractive neighborhoods lie to the south towards the I-485 beltway, with attractive Southern-style homes cut into wooded lots, many on golf courses, being a common find. Gastonia, 20 miles west, returns to the old South, with decrepit old mills and a largely failed downtown area. Although climate, low costs, and familiar jobs make the he area is a favorite for Northeast migrants, the Charlotte area blends the New South with southern-style friendliness, and it has its share of “new south workaholics. These migrations have dramatically increased the area’s diversity and reputation as a cosmopolitan center.
This city complex sits in the Carolina Piedmont, a transitional area of rolling country between the mountains to the west and the Coastal Plain to the east. The mountains to the northwest moderate winter temperatures by blocking and warming cold northwest winds. The ocean is too far away to cool summer temperatures but does supply some warmth in winter. Summers are warm, with days over 90 degrees, while winters are cool. Temperatures fall as low as freezing about 1 in 2 winter days. Winter weather is changeable, with occasional cold periods, but extreme cold is rare. Snow and snow accumulation are infrequent. Late summer and fall hurricanes can produce substantial rainfall but seldom damaging winds.
Interesting Facts about Charlotte, North Carolina
As of 2014, Charlotte's population is 740,931 people. Since 2000, it has had a population growth of 29.79 percent.--------------------
The median home cost in Charlotte is $141,400. Home appreciation the last year has been 9.40 percent.--------------------
Compared to the rest of the country, Charlotte's cost of living is 5.70% Lower than the U.S. average.--------------------
Charlotte public schools spend $9,752 per student. The average school expenditure in the U.S. is $12,435. There are about 15.6 students per teacher in Charlotte.--------------------
The unemployment rate in Charlotte is 5.30 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Charlotte jobs have Increased by 1.85 percent.
Ranked #1 America’s Manliest Sports Cities
Ranked #1 Second Annual “America’s Manliest Cities” Rankings
Ranked #2 America’s Manliest Cities
Ranked #2 Americas Manliest Cites 2011
Ranked #5 Most Romantic Cities for Boomers
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Average Commute time is 24 minutes. The National Average is 25 minutes.--------------------
Charlotte's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes