Charlotte is the largest city in the state of North Carolina and the seat of Mecklenburg County. Charlotte has become a major U.S. financial centre and is now the second largest banking centre in the United States (after New York). The nation's largest financial institution by assets, Bank of America, calls the city home. The centre city/uptown area of Charlotte has seen remarkable growth over the last decade. Numerous residential units continue to be built uptown, including over 20 skyscrapers either under construction, recently completed, or in the planning stage. The United States of America (USA) is in North America, bordering both the North Atlantic Ocean and the North Pacific Ocean, between Canada and Mexico. Mostly temperate, but tropical in Hawaii and Florida, arctic in Alaska, semiarid in the great plains west of the Mississippi River, and arid in the Great Basin of the southwest; low winter temperatures in the northwest are ameliorated occasionally in January and February by warm chinook winds from the eastern slopes of the Rocky Mountains. Vast central plain, mountains in west, hills and low mountains in east; rugged mountains and broad river valleys in Alaska; rugged, volcanic topography in Hawaii. The official language is English. It is predominant in business circles throughout the US. The US has highly cosmopolitan immigrant communities, particularly in cities who speak many other languages. Spanish is widely spoken in districts of most cities, as well as areas near the Mexican border. The main religion is Christianity. The economy of the United States is a capitalist mixed economy, fuelled by abundant natural resources, a well-developed infrastructure, and high productivity. The U.S. economy is the largest national economy in the world, with an estimated gross domestic product (GDP) equal to a quarter of nominal global GDP and a fifth of global GDP at purchasing power parity. The population in Charlotte NC is 1.7 Mil (2014 est.), while the inflation rate is 2.1% (2014 est.).
Cost Of Living
The cost of living for expatriates in Charlotte NC as at 1 October 2014 is very low in comparison to other places in the world. In Charlotte NC, the cost of each basket, based on local prices, compared to the international average in USD, is categorized follows: 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: Very Low 3) Communication: Low 4) Education: High 5) Furniture & Appliances: Very Low 6) Groceries: Low 7) Healthcare: Very High 8) Household Accommodation: Very Low 9) Miscellaneous: Very Low 10) Personal Care: Low 11) Recreation & Culture: Very Low 12) Restaurants Meals Out and Hotels: Low 13) Transport: Average Charlotte NC is for example -7.6% cheaper than Montevideo for groceries, -33.5% cheaper for household costs than Durban, and -2.2% cheaper for transport costs than Athens. Charlotte NC is ranked as a minimal hardship location. Hardship (also know as quality of living) refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered. The hardship premium for Charlotte NC for an expat from Zurich is for example 0%, i.e. host location (Charlotte NC) premium of 10% minus home (Zurich) location premium of 10%. Xpatulator.com has been created to assist subscribers calculate expatriate pay using the online calculators and extensive database of cost of living and hardship indexes, for 780 international locations. Want to know more about cost of living, hardship or expat pay in Charlotte NC? Register subscribe to your home location and Charlotte NC and run your personalised reports.