You will find Charlotte situated in the Mecklenburg County of Carolina State. This city is also known as the “Queen City” after the Queen Charlotte who was the wife of King George II (UK). Ironically the same city is also called the “Hornet’s Nest” – this nickname was earned during the British rule when General Cornwallis has fought a fierce battle to drive occupy this city. There is a total population of 600 thousand people with about 2500 living on one square mile. There has been a growth of about 7% in the population since the year 2000 which is a steady and positive growth rate.

The economy of Charlotte is picking up with the job forecast for the next ten years being quoted at about 16% - which is quite high. The cost of living in this city is even then about 10% less than an average US town. Half of the population of Charlotte consists of white people (54%) while blacks consists of about 36% of the total population. The rest are Asians and Native Americans. The cost of living in Charlotte is about 10% less than in any average city in the USA.

Charlotte Real Estate

The cost of an average house in Charlotte is about US $180 thousand which is extremely reasonable by any standards. There has been a healthy appreciation of about 6% in the real estate which makes relocation and investing in real estate a good proposition. The average income in the city being recorded at US $31 thousand, the houses are well within the buying capacity of the common man.

How to rent or buy in Charlotte

There are about 40% of the people who prefer to rent their homes in Charlotte. The rest own their homes. If you prefer to relocate to Charlotte the best would be to buy a home because the real estate business is looking up and you would have a good investment in it.

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