A food scene fit for a queen, rent rates that won’t make your eyes water, and a thriving job market…Charlotte, North Carolina, is the city to watch. A recent 2023 report ranked the Queen City 5th among the nation’s fastest growing cities by numeric growth. And it’s no surprise why! Charlotte seems to have something for everyone, from a bustling downtown to an abundance of green space and entertainment for all ages. Discover five reasons why 84 people move to Charlotte every day!
5 Reasons Why People are Moving to Charlotte, North Carolina
1. Affordable Housing
With rent rates skyrocketing and housing prices still climbing, many are turning to the South, specifically the Carolinas, due to the affordability of housing in both states. In comparison to other major American cities like Boston and San Francisco, where exorbitant housing costs have become the norm, Charlotte offers a refreshing alternative. The median home price in Charlotte is notably lower, making homeownership a feasible dream for many. According to a recent Zillow report, the median home price in Charlotte is approximately $280,000, significantly lower than Boston’s $600,000 and San Francisco’s staggering $1.4 million.
2. Lower Cost of Living
The cost of living in Charlotte is another driving factor behind the city’s growing population. At 2% lower than the national average, Charlotte is an appealing destination for those looking to maintain a comfortable lifestyle without breaking the bank. A 2023 RentCafe report found that the cost of food is 3% below the national average, while the cost of utilities and transportation were 8% and 7%, respectively, below the national average.
For food lovers, Charlotte is most certainly an attractive option. The city’s burgeoning food scene will leave you well-fed (and not out of pocket). We found that a three-course meal for two people at a mid-range restaurant in Charlotte is approximately $60, whereas the same meal in New York City could cost around $90. Additionally, transportation costs are notably lower in Charlotte due to efficient public transportation and the city’s compact layout. This financial relief empowers Charlotteans to save, invest, or make the most of what the Queen City has to offer!
3. Job Opportunities
Charlotte’s thriving job market has led to an influx of talent from across the country. Regarded as an important financial and commercial center, Charlotte is home to two of the biggest banks in the country, Wachovia Bank and Bank of America. While cities like NYC and San Francisco boast strong financial industries, the lower cost of living and affordable housing make Charlotte the more realistic option, especially for recent graduates and young professionals.
Not a finance major? No problem! Charlotte’s diverse economy extends beyond finance. The health, technology, and manufacturing industries also play a pivotal role in the city’s job market. The Queen City is home to Atrium Health Carolinas Medical Center, which is nationally ranked in eight children’s specialties, Novant Health Presbyterian Center, and Levine Children’s Hospital. Many multinational tech companies have also set up shop here, including Cisco, Cash App, and Honeywell.
4. Charlotte is a Clean and Green City
Charlotte’s commitment to maintaining a clean and green environment sets it apart from many of its urban counterparts. The city council actively prioritizes initiatives like street and sidewalk repair, storm drain maintenance, and debris cleanup. It is also committed to the maintenance of green spaces, which are located throughout the city and offer a reprieve from the daily hustle and bustle.
Mecklenburg County, where Charlotte is located, houses over 230 parks across 12,000 acres of parkland. The popular Freedom Park is 98 acres in size and is about 3 miles from the heart of Charlotte’s downtown area. Other parks include First Ward Park, where several festivals are held throughout the summer season, and Romare Bearden Park, which boasts a light-up fountain. Additionally, the Mecklenburg County Greenway System provides a network of interconnected trails which are typically bustling with runners, Sunday strollers, and furry friends on the weekend.
5. Local Dining and Craft Beer
The culinary scene in Charlotte has experienced a renaissance in recent years, attracting food enthusiasts and craft beer connoisseurs alike. The city’s diverse population has contributed to a vibrant culinary landscape featuring a wide array of international cuisines. From Southern comfort food to innovative fusion dishes, Charlotte’s restaurants offer a delightful range of dining options to satisfy every palate.
We recommend dropping into Hello Sailor on Henderson Road for a basket of fried popcorn shrimp before making your way to Leah & Louise on Camp Road for ‘Southern classics with a modern juke joint feel.’ Leah & Louise’s menu also features a rotating PWYC (“pay what you can”) dish, ‘so every customer can enjoy a meal regardless of financial status.’
In recent years the city’s craft beer industry has taken off, establishing Charlotte as a destination for beer aficionados. Local breweries, like NoDa Brewing Company and Wooden Robot Brewery, are popular hang-out spots for Charlotteans who flock to both establishments for a post-work brew or fill the seats on the weekends for some live music.
Are you planning a local or long-distance Charlotte move? Speak with a reputable Charlotte moving company like Gentle Giant. We have some great resources to get you started on your Charlotte move. Check out our moving checklist for information on how to prepare and use our free move estimate tool to determine the cost of your relocation.