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Report: Charlotte is the 8th fastest-growing city in the US

Charlotte's growth was attributed to being a major banking center, the addition of tens of thousands of jobs and hundreds of millions in manufacturing investments.
Credit: Adobe Stock Images

CHARLOTTE, N.C. — It would be an understatement to say Charlotte's growing — quickly — but now the Queen City has been named among the 10 fastest-growing U.S. cities. 

Researchers at the University of North Carolina's Kenan-Flagler Business School named Charlotte the No. 8 fastest-growing city in the country as part of its 2022 American Growth Project. The report measured cities' economies based on several factors, including consumption, investment, government spending, as well as household and business incomes to rank the metros with the most rapid growth. 

Charlotte received high marks for adding 12,000 new jobs in the second quarter of 2022, and for being the country's second-largest banking center behind New York City. Several major banks: Bank of America, Truist Financial and Wells Fargo call the Queen City home, but there's more to Charlotte's economy than that. 

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"Financial services are not the city's only standout sector, with education, health and professional and business services all outperforming national averages," researchers said. 

Charlotte's growth in the manufacturing industry was also noticed, with the report citing Red Bull's $740 million campus in Concord as a major factor in job growth in the metro. 

WCNC Charlotte is always asking "where's the money?" If you need help, reach out to WCNC Charlotte by emailing money@wcnc.com.

Top 10 fastest-growing U.S. cities

  1. San Francisco, California
  2. Austin, Texas
  3. Seattle, Washington
  4. Raleigh and Durham, North Carolina
  5. Dallas, Texas
  6. Denver, Colorado
  7. Salt Lake City, Utah
  8. Charlotte, North Carolina
  9. New Orleans, Louisiana
  10. Orlando, Florida

Click here to view the complete report and its findings.

WCNC Charlotte is committed to reporting on the issues facing the communities we serve. We tell the stories of people working to solve persistent social problems. We examine how problems can be solved or addressed to improve the quality of life and make a positive difference. WCNC Charlotte is seeking solutions for you. Send your tips or questions to newstips@wcnc.com.

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