Charlotte is rapidly becoming an attractive destination for job seekers. Here's a breakdown of some key data points:
- Strong Job Market: The Wall Street Journal ranked Charlotte #8 in the nation for strongest labor markets in April 2023, highlighting its job growth and low unemployment rate.
- Talent Hub: Charlotte is attracting talent across various industries. Randstad USA reports trade, transportation, and utilities as the top industry with over 275,400 workers. Other sectors like professional and business services are also thriving.
- Economic Growth: Charlotte's economy is projected to grow faster than the national average. Jeff Cook Real Estate estimates a 45.2% growth for Charlotte compared to the national average of 33.5%.
- Lower Unemployment: Charlotte boasts a lower unemployment rate than the national average. YCharts data (as of July 2024) indicates a 3.4% unemployment rate in Charlotte compared to the national 3.8%.
- Competitive Salaries: A strong job market often translates to competitive compensation packages, making Charlotte an attractive destination for career advancement.
The cost of living in Charlotte, NC is 2% above the state average and 3% lower the national average.
| Cost of Living in Charlotte, NC | Compared to State Average | Compared to National Average |
|---|
| Housing (Buy and Rent) | 4% higher | 11% lower |
| Utilities (Monthly) | 10% lower | 12% lower |
| Food | 1% higher | 0% |
| Healthcare | 4% higher | 11% higher |
| Transportation | 1% lower | 6% lower |
| Goods & Services | 3% higher | 3% higher |
More data and info at
Rentcafe Charlotte