The Population Of This North Carolina Area Is Exploding And Here’s Where People Are Coming From
The population of this North Carolina area is exploding and here’s where people are coming from. The Charlotte area’s people surge is among the highest in the United States. Not…
(Photo by Dan Kitwood/Getty Images)
(Photo by Dan Kitwood/Getty Images)The population of this North Carolina area is exploding and here's where people are coming from. The Charlotte area's people surge is among the highest in the United States. Not just the Queen City but the outlying counties as well.
According to our source, wsoctv.com, the Charlotte metro area had the country's sixth-highest elevation in population last year. This is according to new data from the U.S Census. The "metro" primarily consists of the Charlotte-Concord-Gastonia and Rock Hill regions. For example, this region grew by over 50,000 residents between July 1, 2022, and 2023. The newest release of Census data says the metro population is now 2.8 million.
And it seems everyone wants to move down South these days. The other five metro areas with an increase in population during that time are all in the South. The Dallas-Fort Worth area is up by almost 153,000 residents. The Houston area is also up in population by over 139,000. Atlanta is seeing a significant growth in population as well as Orlando. Tampa's headcount also makes the list of a significant growth climb.
The Charlotte Metro population growth ranks in 35th place out of 400 metros surveyed. For more information head on over to wsoctv.com for more details.
When I first read this story, I thought where are all these people moving from? They must be coming from somewhere. The population of this North Carolina area is exploding and here's where people are coming from. It seems many are simply switching coasts. 13.5 percent of people moving into North Carolina are moving from California.
There is a significant percentage of people moving to North Carolina from Florida. And New Yorkers are also heading south. There are many reasons for this. The weather in the Charlotte Metro area is generally mild and people from other areas can sometimes find they can find a lot more house for their buck as well. To learn more about who is moving to North Carolina get details here from the University of North Carolina Chapel Hill.
Here’s How Much Money It Takes To Live Comfortably In The 5 Major North Carolina Cities
It's hard to not be stressed or depressed about money these days. Prices have skyrocketed and I often joke that the value of everything seems to have gone up- except me. But goods and services don't tell the entire pictures when it comes to cost of living. So how much money does it take to live comfortably in each of the major cities? A lot. The financial experts at Smart Asset recently conducted a study about the salary needed to live comfortably in cities across the country.
How Much Money It Takes To Live Comfortably
Smart Asset recommends a budget they describe as the 50/30/20 budge. This means that 50% of your salary should go to to needs. They include costs such as housing, transportation, and groceries in this category. The 30% is allocated to entertainment and hobbies. While the final 20% should be used to pay off debt, or if you're lucky enough to be debt free saving or investing.
So to conduct this study they took the "local cost of necessities and taxes" and factored it into the 50/30/20 budget to determine the "pre-tax salary needed to live comfortably" in the 99 largest U.S. cities. They found that $96,500 is the amount needed for an individual to live comfortably in a major U.S. city. 5 North Carolina cities were included in this study. The five largest in the state- Charlotte, Raleigh, Greensboro, Durham, and Winston-Salem. When it comes to the amount of money it takes to live comfortably in North Carolina cities, only two were less than average. I thought the south was supposed to be cheaper!
These days it truly feels like most people are living paycheck to paycheck or at least not able to save significant money. Even though when it comes to salary people are making higher than they have before that money doesn't go near as far as it did even a few years ago. Keep reading to see how much money it takes to live comfortably in each of the 5 largest North Carolina cities. Don't say I didn't warn you though, it may sting a little!
Read the full study from Smart Asset here.
Winston- Salem
Kruck20/Getty Images Royalty FreeAccording to this data the most affordable North Carolina major city to live in is Winston-Salem. This Triad city is the fifth most populous in the state. It features a vibrant downtown, historic sites including Old Salem, and lot's of character and charm. It's the home of Wake Forest University, and provides easy access to other areas of the state as well.
Hourly Wage Needed For A Single Adult: $39.36
Salary Needed For A Single Adult: $81,869
Total Salary Needed For Two Working Adults And Two Children: $194,605
Greensboro
Kruck20/Getty Images Royalty FreeStaying in the same area the next city on this list is Greensboro. It's slightly more expensive than Winston and located in Guilford County. Greensboro is the third most populous city in the state.
Hourly Wage Needed For A Single Adult: $41.88
Salary Needed For A Single Adult: $87,110
Total Salary Needed For Two Working Adults And Two Children: $203,674
Durham
Sean Pavone/Getty Images Royalty FreeWe now move to the Triangle. The third most expensive city to live in is Durham. The city offers lots of great jobs in tech and is home to Duke University. Downtown Durham has lots to offer from breweries and restaurants, to sports, arts, and entertainment.
Hourly Wage Needed For A Single Adult: $47.62
Salary Needed For A Single Adult: $99,050
Total Salary Needed For Two Working Adults And Two Children: $233,043
Charlotte
Mark BorjaNo Charlotte doesn't require the largest salary much to my surprise. The largest city in the state is the 2nd most expensive. And that hourly wage? I don't know many people making that.
Hourly Wage Needed For A Single Adult: $48.72
Salary Needed For A Single Adult: $101,338
Total Salary Needed For Two Working Adults And Two Children: $235,123
Raleigh
Mark Howard/Getty Images Royalty FreeWhich means the city where it takes the highest amount of money to live comfortably? The state capitol of Raleigh. Though it was a close race and fair to say the cost of living is fairly comparable between Charlotte and Raleigh. But hey if they want to win this one I'm ok with it since it impacts my bank account!
Hourly Wage Needed For A Single Adult: $49.40
Salary Needed For A Single Adult: $102,752
Total Salary Needed For Two Working Adults And Two Children: $235,872
