Mecklenburg County, located in central North Carolina, has seen significant economic growth in recent years due to a range of factors including a strong job market, robust housing market, and highly educated workforce. These indicators point to a thriving and sustainable expansion in the city of Charlotte.
Charlotte is home to a range of businesses and industries, including healthcare, finance, and technology, and has a number of major employers such as Bank of America and Atrium Health. The county’s unemployment rate, according to the North Carolina Department of Commerce, is lower than the state average at 3.7%.
The housing market in the city is also extremely strong, with an increase in both the number of homes being built and home values. Zillow reports that the median home value in the county is $287,700, higher than the state average of $216,200.
This region of the state is home to a highly educated workforce, with a higher percentage of residents holding college degrees than the state average. According to the U.S. Census Bureau, 46.5% of county residents over 25 have a bachelor’s degree or higher.
Overall, the growth and prosperity of the county can be attributed to its strong job market, robust housing market, and highly educated workforce. The county offers a range of opportunities for businesses and residents alike, making it an attractive place to live and work.
Links:
- North Carolina Department of Commerce unemployment data: https://www.nccommerce.com/research-publications/labor-market-information/unemployment-rates
- Zillow’s median home value data for Mecklenburg County: https://www.zillow.com/mecklenburg-county-nc/home-values/
- U.S. Census Bureau data on educational attainment in Mecklenburg County: https://www.census.gov/quickfacts/mecklenburgcountynorthcarolina