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. The climate is mostly temperate, but tropical in Hawaii and Florida, arctic in Alaska, semi arid in the great plains west of the Mississippi River, and arid in the Great Basin of the southwest. 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. Expatriate business dress is generally formal, comprising jacket and tie for men and suits for women, although this may differ by industry and state. The security risk for expatriates in the United States is low overall, but medium in low-income, inner-city areas. Risks include terrorism, opportunistic street crime (such as pickpocketing, bag-snatching, mugging and vehicle theft), and violent crime in low-income, inner-city areas. Other risks include hurricanes, forest fires, and snowstorms. The currency of United States is the US Dollar (USD). Banking is on a par with the rest of Western Europe and North America. Medical facilities are good, however the cost of treatment for expatriates can be high. Some hospitals may ask non-US residents to pay a deposit or ‘good faith’ payment on admittance. The population of Charlotte NC is 2.4 Million (2016 est.), while the inflation rate is 2.1% (Dec 2016).
Cost Of Living
The cost of living for expatriates / professional migrants in In Charlotte NC, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Charlotte NC as at 1 January 2017 is low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Average 2) Clothing: Very Low 3) Communication: High 4) Education: Very High 5) Furniture & Appliances: Low 6) Groceries: Average 7) Healthcare: Very High 8) Household Accommodation: Low 9) Miscellaneous: Very Low 10) Personal Care: Average 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: Average 13) Transport: Average Charlotte NC is for example 19.2% more expensive than Houston TX for groceries, -5.6% cheaper for household costs than Kuala Lumpur, and 10.8% more expensive for transport costs than Dubai. The hardship premium for Charlotte NC for an expat from Perth, is for example 0%, i.e. host location (Charlotte NC) premium of 10% minus home (Perth) location premium of 10%. Charlotte NC is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Charlotte NC? Register subscribe to your home location and Charlotte NC and run your personalised reports.