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How the Charlotte Region Stacks Up

Compare key regional highlights to other U.S. metro areas.

CLT REGION Denver
Total Labor Force 1,421,450 1,718,247
Total Employment Growth Rate (Last 10 Years) 24% 19%
Total Population 2,890,176 3,023,285
Last 10 year Growth Rate (since 2015) 8% 2%
Projected Growth Rate (2024-2030) 7% 2%

CLT REGION Denver
Life Sciences: Annual Employment LQ 0.64 N/A
Life Sciences: Media Wage $84,611 $83,358
Advanced Manufacturing: Annual Employment LQ 1.00 0.51
Advanced Manufacturing: Media Wage $75,072 $94,080
Logistics & Distribution: Annual Employment LQ 1.29 1.10
Logistics & Distribution: Media Wage $67,869 $88,875
Financial Services: Annual Employment LQ 1.80 1.17
Financial Services: Media Wage $152,044 $143,164
IT/Tech: Annual Employment LQ 1.07 1.66
IT/Tech: Media Wage $116,410 $156,874

CLT REGION Denver
Cost Of Living Index 98.4 115.0
Commute Time (Minutes) 26.7 27.3
U.S. News & World Report: Best Places to Live (2024-25) 5 40

CLT REGION Denver
Cost of Energy (¢/kWh) 12.99 15
Direct Flights 187 218

CLT REGION Phoenix
Total Labor Force 1,421,450 2,498,272
Total Employment Growth Rate (Last 10 Years) 24% 28%
Total Population 2,890,176 5,137,427
Last 10 year Growth Rate (since 2015) 8% 3%
Projected Growth Rate (2024-2030) 7% 3%

CLT REGION Phoenix
Life Sciences: Annual Employment LQ 0.64 N/A
Life Sciences: Media Wage $84,611 $81,718
Advanced Manufacturing: Annual Employment LQ 1.00 0.77
Advanced Manufacturing: Media Wage $75,072 $97,076
Logistics & Distribution: Annual Employment LQ 1.29 1.12
Logistics & Distribution: Media Wage $67,869 $63,949
Financial Services: Annual Employment LQ” 1.80 1.52
Financial Services: Media Wage $152,044 $104,628
IT/Tech: Annual Employment LQ 1.07 0.85
IT/Tech: Media Wage $116,410 $126,885

CLT REGION Phoenix
Cost Of Living Index 98.4 108.6
Commute Time (Minutes) 26.7 26.5
U.S. News & World Report: Best Places to Live (2024-25) 5 67

CLT REGION Phoenix
Cost of Energy (¢/kWh) 12.99 18
Direct Flights 187 146

CLT REGION Minneapolis
Total Labor Force 1,421,450 2,035,187
Total Employment Growth Rate (Last 10 Years) 24% 6%
Total Population 2,890,176 3,735,784
Last 10 year Growth Rate (since 2015) 8% 2%
Projected Growth Rate (2024-2030) 7% 1%

CLT REGION Minneapolis
Life Sciences: Annual Employment LQ 0.64 1.15
Life Sciences: Media Wage $84,611 $84,232
Advanced Manufacturing: Annual Employment LQ 1.00 1.26
Advanced Manufacturing: Media Wage $75,072 $89,755
Logistics & Distribution: Annual Employment LQ 1.29 0.89
Logistics & Distribution: Media Wage $67,869 $70,404
Financial Services: Annual Employment LQ 1.80 1.33
Financial Services: Media Wage $152,044 $143,405
IT/Tech: Annual Employment LQ 1.07 0.76
IT/Tech: Media Wage $116,410 $120,581

CLT REGION Minneapolis
Cost Of Living Index 98.4 103.8
Commute Time (Minutes) 26.7 24.5
U.S. News & World Report: Best Places to Live (2024-25) 5 94

CLT REGION Minneapolis
Cost of Energy (¢/kWh) 12.99 18
Direct Flights 187 163

CLT REGION Columbus
Total Labor Force 1,421,450 1,147,728
Total Employment Growth Rate (Last 10 Years) 24% 11%
Total Population 2,890,176 2,207,319
Last 10 year Growth Rate (since 2015) 8% 3%
Projected Growth Rate (2024-2030) 7% 3%

CLT REGION Columbus
Life Sciences: Annual Employment LQ 0.64 1.00
Life Sciences: Media Wage $84,611 $72,754
Advanced Manufacturing: Annual Employment LQ 1.00 0.84
Advanced Manufacturing: Media Wage $75,072 $76,763
Logistics & Distribution: Annual Employment LQ 1.29 1.57
Logistics & Distribution: Media Wage $67,869 $67,142
Financial Services: Annual Employment LQ” 1.80 1.17
Financial Services: Media Wage $152,044 $109,271
IT/Tech: Annual Employment LQ 1.07 0.77
IT/Tech: Media Wage $116,410 $106,407

CLT REGION Columbus
Cost Of Living Index 98.4 95.4
Commute Time (Minutes) 26.7 23.9
U.S. News & World Report: Best Places to Live (2024-25) 5 61

CLT REGION Columbus
Cost of Energy (¢/kWh) 12.99 18
Direct Flights 187 47

CLT REGION Tampa
Total Labor Force 1,421,450 1,520,660
Total Employment Growth Rate (Last 10 Years) 24% 20%
Total Population 2,890,176 3,427,603
Last 10 year Growth Rate (since 2015) 8% 6%
Projected Growth Rate (2024-2030) 7% 6%

CLT REGION Tampa
Life Sciences: Annual Employment LQ 0.64 1.04
Life Sciences: Media Wage $84,611 $83,881
Advanced Manufacturing: Annual Employment LQ 1.00 0.62
Advanced Manufacturing: Media Wage $75,072 $78,997
Logistics & Distribution: Annual Employment LQ 1.29 0.73
Logistics & Distribution: Media Wage $67,869 $59,080
Financial Services: Annual Employment LQ 1.80 1.64
Financial Services: Media Wage $152,044 $119,184
IT/Tech: Annual Employment LQ 1.07 0.89
IT/Tech: Media Wage $116,410 $106,349

CLT REGION Tampa
Cost Of Living Index 98.4 103.6
Commute Time (Minutes) 26.7 28.1
U.S. News & World Report: Best Places to Live (2024-25) 5 35

CLT REGION Tampa
Cost of Energy (¢/kWh) 12.99 16
Direct Flights 187 81

CLT REGION Jacksonville
Total Labor Force 1,421,450 815,624
Total Employment Growth Rate (Last 10 Years) 24% 24%
Total Population 2,890,176 1,787,359
Last 10 year Growth Rate (since 2015) 8% 12%
Projected Growth Rate (2024-2030) 7% 10%

CLT REGION Jacksonville
Life Sciences: Annual Employment LQ 0.64 N/A
Life Sciences: Media Wage $84,611 $86,993
Advanced Manufacturing: Annual Employment LQ 1.00 0.56
Advanced Manufacturing: Media Wage $75,072 $84,516
Logistics & Distribution: Annual Employment LQ 1.29 1.64
Logistics & Distribution: Media Wage $67,869 $66,125
Financial Services: Annual Employment LQ 1.80 1.68
Financial Services: Media Wage $152,044 $106,811
IT/Tech: Annual Employment LQ 1.07 0.85
IT/Tech: Media Wage $116,410 $130,194

CLT REGION Jacksonville
Cost Of Living Index 98.4 104.4
Commute Time (Minutes) 26.7 26.2
U.S. News & World Report: Best Places to Live (2024-25) 5 56

CLT REGION Jacksonville
Cost of Energy (¢/kWh) 12.99 12
Direct Flights 187 44

CLT REGION Atlanta
Total Labor Force 1,421,450 3,064,651
Total Employment Growth Rate (Last 10 Years) 24% 20%
Total Population 2,890,176 6,437,061
Last 10 year Growth Rate (since 2015) 8% 5%
Projected Growth Rate (2024-2030) 7% 5%

CLT REGION Atlanta
Life Sciences: Annual Employment LQ 0.64 0.83
Life Sciences: Media Wage $84,611 $94,472
Advanced Manufacturing: Annual Employment LQ 1.00 0.76
Advanced Manufacturing: Media Wage $75,072 $79,338
Logistics & Distribution: Annual Employment LQ 1.29 1.51
Logistics & Distribution: Media Wage $67,869 $74,758
Financial Services: Annual Employment LQ 1.80 1.15
Financial Services: Media Wage $152,044 $129,310
IT/Tech: Annual Employment LQ 1.07 1.62
IT/Tech: Media Wage $116,410 $148,450

CLT REGION Atlanta
Cost Of Living Index 98.4 96.5
Commute Time (Minutes) 26.7 31.2
U.S. News & World Report: Best Places to Live (2024-25) 5 30

CLT REGION Atlanta
Cost of Energy (¢/kWh) 12.99 15
Direct Flights 187 237

CLT REGION Nashville
Total Labor Force 1,565,059 1,220,974
Total Employment Growth Rate (Last 10 Years) 25% 31%
Total Population 3,234,256 2,085,521
Last 10 year Growth Rate (since 2014) 17% 20%
Projected Growth Rate (2024-2030) 8% 8.10%

CLT REGION Nashville
Life Sciences: Annual Employment LQ 0.64 0.92
Life Sciences: Media Wage $84,611 $97,843
Advanced Manufacturing: Annual Employment LQ 2.26 0.93
Advanced Manufacturing: Media Wage $135,747 $92,393
Logistics & Distribution: Annual Employment LQ 1.10 1.50
Logistics & Distribution: Media Wage $82,929 $74,395
Financial Services: Annual Employment LQ 1.60 1.07
Financial Services: Media Wage $178,176 $149,465
IT/Tech: Annual Employment LQ 0.51 2.00
IT/Tech: Media Wage $146,828 $148,101

CLT REGION Nashville
Cost Of Living Index 97.5 96.3
Commute Time (Minutes) 24.1 28.6
U.S. News & World Report: Best Places to Live (2024-25) 5 50

CLT REGION Nashville
Cost of Energy (¢/kWh) 12.99 13
Direct Flights 187 102

CLT REGION Austin
Total Labor Force 1,565,059 1,390,881
Total Employment Growth Rate (Last 10 Years) 25% 45%
Total Population 3,234,256 2,492,116
Last 10 year Growth Rate (since 2014) 17% 32%
Projected Growth Rate (2024-2030) 8% 16%

CLT REGION Austin
Life Sciences: Annual Employment LQ 0.64 0.72
Life Sciences: Media Wage $84,611 $89,788
Advanced Manufacturing: Annual Employment LQ 2.26 0.69
Advanced Manufacturing: Media Wage $135,747 $173,622
Logistics & Distribution: Annual Employment LQ 1.10 0.58
Logistics & Distribution: Media Wage $82,929 $67,959
Financial Services: Annual Employment LQ 1.60 1.08
Financial Services: Media Wage $178,176 $154,862
IT/Tech: Annual Employment LQ 0.51 2.85
IT/Tech: Media Wage $146,828 $198,361

CLT REGION Austin
Cost Of Living Index 97.5 97.8
Commute Time (Minutes) 24.1 27
U.S. News & World Report: Best Places to Live (2024-25) 5 9

CLT REGION Austin
Cost of Energy (¢/kWh) 12.99 13.49
Direct Flights 187 97

CLT REGION Dallas
Total Labor Force 1,565,059 4,434,679
Total Employment Growth Rate (Last 10 Years) 25% 29%
Total Population 3,234,256 8,092,204
Last 10 year Growth Rate (since 2014) 17% 19%
Projected Growth Rate (2024-2030) 8% 10%

CLT REGION Dallas
Life Sciences: Annual Employment LQ 0.64 0.77
Life Sciences: Media Wage $84,611 $87,014
Advanced Manufacturing: Annual Employment LQ 2.26 0.90
Advanced Manufacturing: Media Wage $135,747 $146,931
Logistics & Distribution: Annual Employment LQ 1.10 1.46
Logistics & Distribution: Media Wage $82,929 $74,962
Financial Services: Annual Employment LQ 1.60 1.45
Financial Services: Media Wage $178,176 $157,456
IT/Tech: Annual Employment LQ 0.51 1.25
IT/Tech: Media Wage $146,828 $150,446

CLT REGION Dallas
Cost Of Living Index 97.5 99.1
Commute Time (Minutes) 24.1 28.4
U.S. News & World Report: Best Places to Live (2024-25) 5 95

CLT REGION Dallas
Cost of Energy (¢/kWh) 12.99 13.36
Direct Flights 187 257

CLT REGION Washington D.C.
Total Labor Force 1,565,059 3,583,357
Total Employment Growth Rate (Last 10 Years) 25% 8%
Total Population 3,234,256 6,403,734
Last 10 year Growth Rate (since 2014) 17% 6%
Projected Growth Rate (2024-2030) 8% 2%

CLT REGION Washington D.C.
Life Sciences: Annual Employment LQ” 0.64 2.69
Life Sciences: Media Wage $84,611 $105,598
Advanced Manufacturing: Annual Employment LQ 2.26 0.21
Advanced Manufacturing: Media Wage $135,747 $256,391
Logistics & Distribution: Annual Employment LQ 1.10 0.52
Logistics & Distribution: Media Wage $82,929 $74,962
Financial Services: Annual Employment LQ” 1.60 0.74
Financial Services: Media Wage $178,176 $258,095
IT/Tech: Annual Employment LQ 0.51 3.36
IT/Tech: Media Wage $146,828 $178,764

CLT REGION Washington D.C.
Cost Of Living Index 97.5 117.5
Commute Time (Minutes) 24.1 32.8
U.S. News & World Report: Best Places to Live (2024-25) 5 44

CLT REGION Washington D.C.
Cost of Energy (¢/kWh) 12.99 16
Direct Flights 187 107

ECONOMIC DATA

From labor force data and unemployment rates to real estate and tourism growth, we’re tracking key metrics that can help business leaders, public organizations and nonprofits understand what’s driving the Charlotte area economy.

$265 Billion

gross regional product (outranking half of U.S. states)

2.9M

population of the region

1.6 M

total jobs

3.4%

unemployment rate

117

people move to the region daily

Demographic & Industry Data

A diverse, dynamic talent pool can push business to the next level.

117

people move to the Charlotte Region everyday

19%

growth in 20-34 year old population since 2015

43%

growth in foreign-born population

21%

production occupations more concentrated than national average

52%

growth in finance and insurance occupations since 2015

48%

growth in professional, scientific, and technical services since 2015

22%

labor force growth since
2015

Area Highlights

Activities, amenities, and a superior quality of life are the key to talent attraction and retention.

25 min

average commute times

226

days of sunshine annually

6

major league sports teams

25

minute average commute times

Download the quarterly Growth Report highlighting the region’s economic growth.

Research Publications

Take a deep dive into the trends and insights that inform business decision making in Charlotte and beyond.