The largest city in North Carolina, Charlotte has a population close to 800,000. Charlotte has several major companies located in the area. It also plays an important role in motor sports. The Charlotte area is home to the Charlotte Motor Speedway, NASCAR Hall of Fame, and several NASCAR racing teams. Charlotte also has several sports teams, including the Panthers NFL and the Hornets NBA teams.
The cost of living in Charlotte is 9 percent cheaper than the state average and 11 percent cheaper than the national average. Utilities are the most expensive part of living in Charlotte. The city's utilities index is 108 compared to the national index of 100. The groceries index and transportation match the national average. Housing in Charlotte, however, is much cheaper than the state and national averages. Its housing index is 69 compared to the state (86) and nation (100).
According to research conducted by Forbes, the median household income in Charlotte is $53,519. The magazine lists Charlotte as one of the best places for businesses and careers. The median home price is $173,100.
Charlotte Job Opportunities
Charlotte has grown to become the country's biggest banking center other than New York City. Banking institutions that have called the city home include Bank of America and Wells Fargo, which moved to San Francisco after it was acquired by Wachovia.
Eight Fortune 500 companies are headquartered in the Charlotte metropolitan area. In order from largest to smallest, they are:
Bank of America
According to the Charlotte Chamber of Commerce, the largest employers for Charlotte jobs are Wells Fargo and Carolinas Healthcare System. The Charlotte-Mecklenburg School System and Bank of America are also major employers for Charlotte jobs. Charlotte residents may also want to search for jobs in Concord and other nearby cities.
Charlotte Employment Trends
In July 2014, Charlotte had a 6.2 percent unemployment rate, which is .3 percent lower than the state's unemployment rate and .3 percent higher than the national rate. During 2013, Charlotte, NC jobs grew by 2.3 percent. The Chamber of Commerce expects professional and business services to add about 9,000 jobs to the local economy. This is potentially a good opportunity for professionals seeking finance jobs in Charlotte.
The expected growth of jobs in Charlotte falls just short of the city's 2.4 percent rate of growth. This shows promise for the people of Charlotte. If population and job growth rates stay even, it could mean that more residents find jobs in Charlotte, NC.