Where Are Retirees Moving? To Charlotte, NC Ranked A Top Retiree City

By
Real Estate Agent with Coldwell Banker Realty

CHARLOTTE, NC RANKED A BEST PLACE TO RETIRE IN 2022 BY FORBES

Forbes' "Best Places To Retire 2022" list has listed Charlotte as one of the top 25 cities to retire in. Just one other city in North Carolina (Winston Salem) made the top 25 list. Selection of best places to retire was based on a comparison by Forbes of more than 800 cities in America on everything from housing costs, taxes, healthcare, air quality, crime and climate change and natural hazard risks. Here are some of the reasons, Forbes is "high on Charlotte:"

  • High number of health care professionals in the area
  • Warm weather climate
  • High level of air quality
  • Thriving economic, financial, transportation hub
  • No state estate tax
  • No income tax on Social Security

 

 

BUT THERE'S MORE...

... CHARLOTTE, NC ALSO NAMED A TOP 10 CITY WHERE RETIREES ARE MOVING BY SMARTASSET.COM

 

SmartAsset.com's 2021 survey of the top 10 states to which retirees are moving included North Carolina on the list. North Carolina was named the third most popular state for people around retirement age. Charlotte ranked #6 of the 10 cities to which retirees are moving.

 

RETIREES ARE MOVING TO CHARLOTTE, NC: INFOGRAPHIC

Lots of retirees moving to Charlotte, North Carolina

Source: SmartAsset.com

 

 

WHAT THIS MEANS FOR THE GREATER CHARLOTTE REGION RETIREES

Home buyers, including retirees and empty nesters, already in the Greater Charlotte region or moving here will continue to face strong competition and tight housing inventory in the coming months. Home buyers need to be prepared for strong competition for homes, which means bidding wars in certain areas and days on market remaining low. Home affordability will also continue to suffer.

 

Despite a decrease in population growth nationally, North and South Carolina continue to add population at a faster clip than much of the rest of the nation, according to the US Census. Combined with population growth in Georgia, Tennessee, and Florida,  the southeast will  become an increasingly bigger player both economically and politically as people move here.

 

 

WHERE ARE PEOPLE MOVING FROM TO GREATER CHARLOTTE?

People have continued to move to the Greater Charlotte area in large numbers before, since, and now after the pandemic. Some 120+ people are moving to the Charlotte region every day. The population in Charlotte, Gastonia and Concord has grown by 150,000 people within the last decade, according to the latest Census.

 

People are moving here from all over the U.S. but most, around 6,500, came from New York City. According to Senior Vice President of Business Recruitment Stephen Pearce at the Charlotte Business Alliance,  “Charlotte area is one of the top 10 markets for those people who are looking to move out of the Manhattan area."

 

CHARLOTTE REGION POPULATION GROWTH 2010-2020

Population Growth In the Charlotte, NC Region

Source: Charlotte Regional Business Alliance

 

The Charlotte Region's growth of 16.3% since 2010 is more than double the national average. Charlotte is now the 7th fastest growing large U.S. metro area. The Charlotte Region is expected to grow by another 50% by 2050 with the region's population growing from about 3 million to 4.5 million.

 

 POPULATION AND DEMOGRAPHIC CHANGES IN THE CHARLOTTE REGION

 

 

WHY ARE PEOPLE MOVING TO THE CHARLOTTE REGION?

HELLO "BABY CHASERS" 

Reasons for these moves include people moving here for jobs, for a lower cost of living, lower taxes, more space and less density, better quality of life, to follow children to be closer to grandchildren. The Charlotte region ranks #1 for baby boomers who've chosen to retire close to their grandchildren, according to Meyers Research. These baby boomers now have a new name -- "baby chasers." And because Charlotte is one of the top cities in the nation attracting millennials, it's become a top destination city for the parents of those millennials, as well.

 

 

JOBS, JOBS, JOBS IN THE GREATER CHARLOTTE AREA

MoneyGeek recently ranked Charlotte as the 7th best city for finding a job, based on key metrics like job and wage growth, unemployment rates, and housing affordability. Through 2028, North Carolina forecasts 300,000 new jobs, most of which will be created in Charlotte and nearby Raleigh. Future job growth in Charlotte region over the next 10 years is predicted to be 45.2%, which is higher than the US average of 33.5%.

 

The Charlotte Region's First Quarter 2022 got off to a strong start with the largest number of announced jobs in three years -- 4,680 new jobs, a net new job change of 16,100, and an unemployment rate of just 3.7%.

 

ECONOMIC GROWTH REPORT FOR CHARLOTTE REGION

 

 

THINKING ABOUT MAKING YOUR OWN MOVE TO CHARLOTTE TO RETIRE?

Don't Move To The Charlotte, Waxhaw, Fort Mill, Indian Land, Ballantyne Area Without Carolinas Realty Partners' Free Relocation Package!

 

Moving to another town or state is, no doubt, a significant event in anyone's life. It's even more so for people moving in their "silver years." Carolinas Realty Partners with Coldwell Banker Realty, have helped hundreds of Charlotte area newcomers relocate to the Greater Charlotte area. We are relocation specialists and for 20+ years, we've helped clients in all stages of life begin their new lives in places like Charlotte, Matthews, Mint Hill, Waxhaw, Weddington, Marvin, Indian Trail in North Carolina and to Fort Mill, Lake Wylie, Tega Cay, Rock Hill and Indian Land in South Carolina. 

 

If you're planning a move to the Charlotte region, REQUEST OUR FREE RELOCATION PACKAGE TODAY. It's full of useful and important information about life in the Charlotte area and its many neighborhoods and it's a great way to begin discovering the Charlotte metro area and everything it has to offer. 

 

ASK FOR YOUR FREE COPY OF MY GREATER CHARLOTTE REGION SCHOOLS & COMMUNITIES GUIDE

 

Want a "sneak peek" at what life in the Charlotte area is all about? Click here. 

The Essence of Charlotte

 

Not quite ready to come to Charlotte? Until you're ready to come to town, we can correspond by email and communicate by phone to determine the type of home, price, lifestyle, and neighborhood you are looking for. I can send you every home or property coming on the market that meets your criteria by email. 

 

When you arrive to visit Charlotte, we'll be ready to introduce you to the neighborhoods and homes that interest you most. We'll discuss subdivisions, commuting, lifestyle options, local market conditions... anything that is important to you. After 20+ years of serving relocating clients in the Charlotte metro area, we know it inside and out and our goal is to make your transition and move to Charlotte as seamless and smooth as possible.

 

If you have a home to sell before relocating to the Charlotte area, we can provide introductions to some of the top Realtors® in your area to help you get your home sold at top dollar as quickly as possible and with a minimum of stress and inconvenience to you.

 

REQUEST OUR FREE RELOCATION PACKAGE TODAY. We'll send it right out. You're under NO obligation, so you can't go wrong!

 

Free Charlotte Relocation Package

 

 

 Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty are Greater Charlotte area senior residential real estate specialists (and fellow seniors). We've been opening doors for 55+ and active adult community home buyers and sellers for 20+ years. Call us about opening some doors for you.

If you're considering relocating to the Greater Charlotte region or already live here, I'd love an opportunity to earn your business, exceed your expectations, and to show you why experience matters and how:

 "The Right Broker Makes All The Difference."

 

 

Read the original article at: www.GreatHomesInCharlotte.com

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (30)

Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Retires look for a high quality of life with an economy that allows their retirement dollars go further.  All of which makes the Charlotte area very desirable

May 18, 2022 12:21 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ed Silva hi Ed... even thought the Charlotte market remains somewhat overheated from a real estate standpoint, it's still a reasonably priced area to live and provides a lot of advantages to seniors.

May 18, 2022 01:08 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I found this information very interesting Nina. I didn’t realize these grey zones existed. Happy Wednesday my friend 🙂

May 18, 2022 02:10 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... well that's one way to refer to the "older" set! Of course, I'm one of them!

May 18, 2022 02:12 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina with the cost of living going higher and higher, NC will be even a more popular destination for retirees than it is now.

May 18, 2022 04:19 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina loved the post and yes people are moving to places that have the most to offer for their little fixed income and I am confident places like CA are not for the ones who can not afford $6-$7 per gallon for gas as we speak....Endre

May 18, 2022 10:35 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina - no surprise with that news.  I know people who have decided to move to the western part of North Carolina.  Sort of what they called in between the cold north and Florida.

May 19, 2022 03:23 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto good morning, George.... it's not just the cost of living that's bringing the retirees here... it's also the climate, kids/grandkids, great medical services.

May 19, 2022 04:37 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. hi Endre... just insane, your gas prices. I bought gas at Sam's Club last week at $3.99, but expect to be paying more in coming weeks. If we reach $6-7 per gallon here, you'll probably be in double digits by then. :(

May 19, 2022 04:38 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider good morning, Grant... western NC is getting crazy expensive in terms of housing. I take that back... it already is crazy expensive unless you land in some little town. For me the problem with western NC is the weather... they have "real" winters, which is what I was getting away from when we moved to Charlotte.

May 19, 2022 04:40 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Many retirees in the DC Metro Area are looking for more affordable homes in other areas.

May 19, 2022 04:54 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Roy... having house hunted myself in the DC area in 1991 and having quite a few friends who live there, I know only too well how expensive real estate is there.

May 19, 2022 05:25 AM
Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
Relocation to NW AZ with elbow room & more freedom

Nina Hollander, Broker AZ had 3 best places. However my sense is some of the smaller rural areas in all states may be the hidden gems for retired folks.

May 19, 2022 08:33 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Nina Hollander, Broker - Outstanding! This information is so valuable!!! You did a great job!

May 19, 2022 08:40 AM
Rain Silverhawk
Sandpoint Realty rain@lakeandhomes.com - Sandpoint, ID
208-610-0011 Sandpoint Idaho Real Estate Realtor

I have never heard the baby chaser moniker.  I dragged my grandkids to me.  LOL

May 21, 2022 10:50 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi NIna:

Charlotte just keeps making list after list. This was an interesting read, and not a surprise given all you have shared about Charlotte in recent years!

Jeff

May 22, 2022 08:12 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Leanne Smith hi Leanne... the issue with the more rural areas in NC is that they often are in locations with serious winter weather (which retirees are trying to avoid) and also not close to top of the line medical services.

May 23, 2022 04:13 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Patricia Feager, MBA, CRS, GRI,MRP thank you, Patricia. Charlotte has changed so much since I made my first business trip here in 1973. It's changed so much since we moved here in 1998. 

May 23, 2022 04:14 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Rain Silverhawk good morning, Rain... I suspect a new term we'll be hearing more of... we certainly are familiar with it in Charlotte region.

May 23, 2022 04:15 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeff Dowler, CRS good morning, Jeff... Charlotte has a lot of what retirees look for. It did in 1997 when we were first considering Charlotte as a place to "retire." It has more now.

May 23, 2022 04:16 AM