Charlotte, also known as the Queen City, is growing and expanding at a rapid pace. People flock to the city and its surrounding suburbs to settle down, find jobs, and take part in everything the area has to offer. And Charlotte has plenty. From job positions in prominent international businesses to world-class cultural and culinary offerings, there’s no shortage of opportunities in the Queen City. But is there more to it? Let’s take a look at some of the reasons behind Charlotte’s staggering growth.
First, and perhaps most importantly for many people, is Charlotte’s relatively low cost of living. Experts have declared Charlotte to be 5-10% cheaper than the national average in any given year. This number includes factors such as housing, rent, utilities, and groceries. For those looking for a way to save money and spend less without sacrificing quality of living, the Queen City is an obvious choice.
Second, Charlotte is known as a center for banking and financial investments. In fact, it’s the largest and most successful in the entire nation, behind only New York. Not only does this stimulate the economy, but the constant growth of such prominent firms means an increase in jobs. Charlotte is responsible for creating almost 20,000 jobs in the second quarter of 2022 alone.
Third, the constant influx of people means that the Queen City is always expanding to accommodate the growing numbers. Charlotte has often been referred to as many smaller cities within one large whole. The various districts spread around and through the city center are under constant construction and revitalization. With construction comes additional architecture, cultural activities, and city life to explore. This attracts even more people, leading to more construction and expansion. It’s a positive feedback loop that has led to exponential growth in the past several years.
Finally, Charlotte is situated in a perfect geographical location. The fair weather has attracted many people who are tired of harsh winters and excruciating summers. Charlotte has been called a four-seasons city, meaning that its weather is relatively mild all year round. For those who love the outdoors and enjoy exploring a city on foot, this is the place for you!
The Queen City has experienced tremendous growth, and it doesn’t look to be slowing any time soon. If you’re looking to move to the area, there’s never been a better time to get on board. Start your search today! For more information and tips, follow the Talley Properties blog.