Charlotte Metro Ranks High in Population Growth Against Competitor Metros, U.S. Average
The Charlotte Metropolitan Statistical Area (MSA) reported a population growth rate of 1.8% in 2018, according to the U.S. Census Bureau population estimates program. This growth rate places Charlotte in fourth place among a list of thirteen peer metros, behind only Dallas (1.8%), Raleigh (1.9%), and Austin (2.5%). These peer metros are selected based on economic similarity to Charlotte and are typically competitors with Charlotte for corporate expansion projects.
See Charlotte’s rankings in our Competitor Scorecard for population growth and 8 other metrics.
Population growth often coincides with increased economic growth and prosperity for a metropolitan area, so this statistic is yet another reflection of the strong economy in the Charlotte Metro. Equally impressive is the population growth among the 24-45 year-old cohort, which increased 2.0% in 2017. This is double the national average of 1%, and exceeds this population group’s growth among regional competitors like Raleigh (1.7%) and Atlanta (1.4%).
Here is a complete view of the Charlotte metro’s age demographics: