Friday, August 16, 2013

Charlotte cited for high wages, low cost of living

Companies that move operations into Charlotte regularly cite the area's low cost of living, but a new report from says the city's relatively high incomes put Charlotte in the top five cities for affordability.

The report talks about Charlotte's low housing and utility prices in particular. It's probably not everyone's experience, but GoBankingRates says Charlotteans "would be hard-pressed not to find money available to save or invest."

Houston was No. 1 on the list, followed by Omaha, Neb.; Dallas-Fort Worth, Texas; and Austin, Texas.

Coincidentally, that report came out the same day the Charlotte Chamber published an article arguing the same thing.

FRONTIER CAPITAL INVESTS IN TRANSLATION COMPANY: The Charlotte private equity firm's $10.3 million investment will allow MultiLing to expand. The 1,400-employee firm translates technical material for companies.

MI HOMES TO BUILD NEW NEIGHBORHOOD: The builder has plans for 250 new homes in a community to be named "Brookvue" near Concord. Prices are expected to begin in the mid $200,000s, and range from 2,000 to 3,500 square feet.

****This is a preview of The Charlotte Observer's Bank Watch Morning Report, bringing you banking news from the region, the top financial headlines, and the news driving activity in the Charlotte market.****

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