Housing costs in Charlotte?
A typical home costs
$1,189,300, which is 251.8% more expensive than the national average of
$338,100 and 311.1% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Charlotte costs
$1,540 per month, which is 38.7% more than the national average of
$1,110 and 18.8% more than the state average of
$1,250.
Can I afford Charlotte?
To live comfortably in Charlotte (zip 28207), North Carolina, a minimum annual income of
$227,880 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Charlotte?
The cost of living in Charlotte, NC is high compared to the national average. The overall cost of living index is 111.7, which is 11.7% higher than the US average. Housing costs are some of the most expensive in the country, with an average rent for a one-bedroom apartment being $1,203 per month and a median home value of $252,000. Groceries, transportation, and health care are all more expensive than the national averages as well. Despite the high costs of living, Charlotte has a vibrant economy and job market with major employers like Bank of America and Duke Energy located in the city.