Is Matthews NC An Expensive Place To Live?
Definition of "Is Matthews NC an expensive place to live?"
Matthews is a lovely small town located in southeastern Mecklenburg County, North Carolina. If you are a local in this tight-knit community of Charlotte, you will most likely enjoy spending your time outdoors. The area stretches for about 17 square miles while most of it is covered by trees, green spaces, and parks. Residents in Matthews, North Carolina, love the quiet atmosphere and enjoy a fair amount of shops, good restaurants, and family-friendly amenities. If that might sound like a community you want to be part of, you might wonder how affordable would it be to live here? Is Matthews, NC, an expensive place to live? Let’s find out.
Matthews NC is known for having a good schooling system, a family-friendly environment, and great job opportunities. Because Matthews is a suburb of Charlotte, you have quick and easy access to the city. That is one of the reasons why many consider the town of Matthews to be a great place to live. As far as the cost of living goes, there are a few things to consider. The overall costs of living in Matthews is about 12% higher than the North Carolina average and about 7% higher than the national average.
While expenses such as utilities, groceries, and transportation are close to the national average, housing is about 20% higher than the national average. Living in one of Charlotte’s best suburbs is quite expensive compared to other similar locations in the state. With a median home value of about $315,000, the housing market of Matthews, North Carolina passes even Charlotte’s housing market by about 12%. Nowadays, there is a tendency in the marketplace for people to shy away from big cities and crowded areas and move towards rural-like areas that are quieter and less crowded.
Is the same behavior affecting the housing market of these two areas? Probably! But if you are interested in finding a home in the gorgeous suburb area of Charlotte, get in touch with one of our top real estate agents in Matthews NC, to find the best housing options available.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
Mortar or concrete which is pumped or 'shot' through a hose at high velocity onto a surface. ...
Depicts the best way to allocate land to maximize usefulness and profitability. ...
(1) Method of measurement lumber using the board foot cubic measure. The board measure is used to estimate quantities and prices of lumber materials. (2) Method of estimating lumber ...
While trying to determine your net income, you might come across the term revenue, sales, or gross income. So what does revenue mean? Through revenue, we understand the income generated ...
Geographical area for which a given governmental agency has authority and responsibility. For example, the jurisdiction of a county court is the county in which it is located. ...
A stated of years. The length of time something is effective, such as a two-year rental. A condition specified in an agreement. An example is that the tenant must not have a cat in ...
Construction materials from stone, brick, and concrete block. Masonry materials play an important role in providing structural support as well as being used as decorative finish surfaces. ...
The definition of adjoining properties describes two or more real estate properties, lots, or parcels that shared a boundary. A property that shares a common border with another is ...
Accelerated depreciation method in which the amounts recognized in the early years of the property's useful life are greater than those recognized in the later years. The SYD is found by ...
Have a question or comment?
We're here to help.