With the technology sector booming, the city is seeing a huge influx of tech professionals making Charlotte their home base. This is due in part to the rapidly growing number of available tech jobs as well as burgeoning startup companies.
At the end of 2018, CompTIA’s 2018 Tech Town Index ranked Charlotte as the top city for IT workers. Why? Job availability and reasonable cost of living. As reported by the Charlotte Business Journal, more than 44,000 IT jobs had been posted in Charlotte over the previous 12 months. That number is projected to grow by 11% over the next five years as corporations like Bank of America and Wells Fargo look to fill IT jobs at all levels.
There are also giants like LendingTree announcing that they are hiring upwards of 430 positions with a salary of over $100,000. Or the Lowe’s Corporation introducing 1,600 positions at a new technology center in South End. These jobs pay an average of $117K.
An Ideal Balance of Work and Cost of Living
The growth of Charlotte-area tech jobs has increased in 2019. According to the North Carolina Technology Association, 12,427 jobs were posted in the Charlotte area during the month of April. That’s a 55% increase from 2018.
Since 2010, IT services in Charlotte exploded from a $2.1 billion industry to one that is close to $4 billion. The city’s IT professionals have a median salary of $87,755 which jives well with a cost of living that is 1.3% lower than the national average. To compare other markets such as New York and San Francisco, Charlotte’s cost of living is 23% and 27% lower, according to the Bureau of Economic Analysis.
All of these new tech jobs will further the real estate boom in the Queen City. If you’re an IT worker capitalizing on our great tech sector, we would love to help you find your ideal home or townhouse. Contact us today and let us work for you!