Did you know that Charlotte metro recorded a greater increase in IT jobs than San Francisco’s metro area? According to RENTCafe’s analysis of the most recent BLS data, Queen City’s metro saw the most significant rise in STEM employees nationwide.
Here are a few highlights from the study:
- Charlotte metro is the star of emerging tech hubs. It upped its number of IT jobs by a staggering 37.5% in just 3 years (2014 – 2017), outpacing San Francisco metro, which posted a 19.5% boost.
- Rents are rising faster than wages in the Queen City’s metro area. The income of those working in the metro’s technology sector went up by 6.8% between 2014 and 2017, but rent prices hiked even more, marking a 7.6% growth from 2016 to 2019. There is a silver lining though, Charlotte is one of the most affordable among tech hubs. Here IT salaries circle around $92,600, while it costs $1,138 on average to rent a dwelling.
- Despite its spectacular surge in STEM workforces, Charlotte metro only holds a 4% share of techies. Though this doesn’t place the area in the top 15 largest IT hubs, the staggering growth of technology employees clearly indicates that the Queen City has now entered the big tech hub race.
You can read the full report here, as well as check out charts and tables to see how Charlotte metro is doing in comparison with both major and emerging IT hubs: www.rentcafe.com/blog/rental-market/real-estate-news/it-hubs
Are you interested in moving to Charlotte? Contact our Relocation Director, Catherine Pappas at (704) 661-2402 to get connected with an experienced agent.