Port Charlotte was hard hit by Hurricane Charley on August 13, 2004. The hurricane, predicted to hit Tampa, took a last-minute hard right turn into Charlotte Harbor and caused severe damage in the city of Punta Gorda and in the Port Charlotte area. Many residents were caught by surprise because of many false alarms in recent years.

In the wake of Hurricane Charley, Port Charlotte faces the challenge of finding affordable housing for its service-industry workforce. With many homes and apartments destroyed or damaged beyond repair, many low-income residents who have lived in the area for years have been forced to seek housing elsewhere. As of 2005, property values have doubled and tripled in many areas in less than three years, especially in the wake of speculation following Hurricane Charley. However, in 2006, property values fell greatly in a statewide "market correction" now leaving Charlotte County and the Port Charlotte area one of the most affordable coastal areas in Florida. Unfortunately, as of a report in October 2007; Charlotte County also has one of the highest unemployment rates in the state.

Water wars in the area are common between municipalities and counties, all fighting for a dwindling supply from local water management districts, wellfields, and the Peace River.

Port Charlotte has experienced a tremendous boom in land values between 2003 and 2005. About 800 acres of old platted lots in a portion of central Port Charlotte have been taken by the county via eminent domain and will be developed into a big mixed-use development by Kitson and Partners, who was also awarded the contract with the State of Florida and Charlotte County to develop the Babcock Ranch Project.

Demographics
As of the census of 2000, there were 46,451 people, 20,453 households, and 13,601 families residing in the CDP. The population density was 2,085.9/sq mi (805.3/km²). There were 23,315 housing units at an average density of 1,047.0/sq mi (404.2/km²). The racial makeup of the CDP was 89.23% White, 6.53% African American, 0.28% Native American, 1.14% Asian, 0.05% Pacific Islander, 1.18% from other races, and 1.59% from two or more races. Hispanic or Latino of any race were 5.16% of the population.

There were 20,453 households out of which 20.8% had children under the age of 18 living with them, 53.2% were married couples living together, 10.1% had a female householder with no husband present, and 33.5% were non-families. 28.2% of all households were made up of individuals and 18.6% had someone living alone who was 65 years of age or older. The average household size was 2.25 and the average family size was 2.71.

In the CDP the population was spread out with 18.7% under the age of 18, 5.4% from 18 to 24, 21.0% from 25 to 44, 24.2% from 45 to 64, and 30.7% who were 65 years of age or older. The median age was 49 years. For every 100 females there were 87.7 males. For every 100 females age 18 and over, there were 84.2 males.

The median income for a household in the CDP was $33,193, and the median income for a family was $38,406. Males had a median income of $29,019 versus $21,892 for females. The per capita income for the CDP was $18,563. About 7.3% of families and 10.1% of the population were below the poverty line, including 15.8% of those under age 18 and 6.4% of those age 65 or over. The Herald Tribune stated in an article October 11, 2007, Charlotte County had the region’s highest unemployment rate at 5.8 percent in August, outstripping both the national and state averages.

Economy
Tourism is a major economic driver in the area. In addition, many seasonal residents live in the area during the winter months, as temperatures in south Florida stay very moderate during that time of year.

Attractions
Beaches in the following locales:

• Bonita Beach
• Cape Romano
• Fort Myers Beach
• Longboat Key, offshore from Bradenton and Sarasota
• Marco Island, offshore from Naples
• Naples
• Sanibel and Captiva Islands, offshore from South Fort Myers (renowned for the quality of shells that wash ashore)
• Sarasota
• Siesta Key
• Ten Thousand Islands
• Venice (renowned for sharks' teeth that wash ashore)

Attractions including:

• Brighton Seminole Indian Reservation (where the Seminole nation operates a sizable casino)
• Edison and Ford Winter Estates in Fort Myers
• Lake Okeechobee renowned for fishing and ecotourism.
• Naples Botanical Garden
• Naples Zoo at Caribbean Gardens
• Ringling Museum of Art in Sarasota
• St. Armand's Circle in Sarasota

Transportation
Southwest Florida is served by several major highways, including the Tamiami Trail (U.S. 41) and the Interstate 75 freeway, both of which connect the area to Tampa to the north, and Fort Lauderdale/Miami to the east. Long-term cooperative infrastructure planning is coordinated by the Southwest Florida Regional Planning Council (web site), and in heavily populated Lee County, the Metropolitan Planning Organization.

Greyhound Lines serves several locations in Southwest Florida, including Bradenton, Fort Myers, Naples, Port Charlotte, Punta Gorda and Sarasota.

Southwest Florida International Airport, located in South Fort Myers, served over 7.6 million passengers in 2006 and offers non-stop flights to 3 cities in Europe and 2 in Canada, in addition to 36 domestic airports. The area's secondary airport, Sarasota-Bradenton International Airport, served 1.42 million passengers in 2006.

The Port of Manatee provides a full range of port services for commercial, industrial and cruise ship purposes.

Seminole Gulf Railway provides freight services throughout Southwest Florida.