Housing costs in Charlotte?
A typical home costs
$546,200, which is 61.5% more expensive than the national average of
$338,100 and 88.8% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Charlotte costs
$1,530 per month, which is 37.8% more than the national average of
$1,110 and 18.3% more than the state average of
$1,250.
Can I afford Charlotte?
To live comfortably in Charlotte (zip 28209), North Carolina, a minimum annual income of
$104,760 for a family, and
$54,000 for a single person is recommended.
What does A.I. say about Charlotte?
The cost of living in 28209 Charlotte, NC is relatively high compared to other parts of the country. According to BestPlaces, Charlotte has an overall cost of living index of 111.7 which is 11.7% higher than the national average. The housing costs are also quite high with an index of 131.5, 31.5% higher than the national average, making it one of the most expensive places to rent or buy a home in the US. Groceries and dining out can be expensive as well with an index of 105.9, 5.9% higher than the national average, but overall it is still cheaper than most large cities in America. Transportation costs are relatively reasonable with an index score of 95, 5% lower than the national average and utilities are even cheaper with a score of 91, 9% lower than the national average.