Charlotte, NC is a flourishing city that offers many opportunities to its citizens. The 28203 zip code is considered one of the most desirable areas in Charlotte, with close proximity to major highways and attractions like the Mint Museum Randolph and Carowinds amusement park. Many well-known companies such as Bank of America, Wells Fargo, and Microsoft have their headquarters in this area. The average 2 bedroom rent for 28203 Charlotte, NC is $2,000 which is significantly higher than the US average at $1,430. The grocery cost index is 105 versus 100 in the US which means groceries are slightly more expensive here than the national average. Despite these costs there are still affordable housing options available in this area including Lincoln Park at South End Apartments and Stoneybrook West Apartments both offering modern amenities at a reasonable price.
Charlotte (zip 28203) has an unemployment rate of 4.9%. The US average is 6.0%.
Charlotte (zip 28203) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 45.2%, which is higher than the US average of 33.5%.
Tax Rates for Charlotte (zip 28203)
- The Sales Tax Rate for Charlotte (zip 28203) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Charlotte (zip 28203) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Charlotte (zip 28203)
- The average income of a Charlotte (zip 28203) resident is $75,119 a year. The US average is $37,638 a year.
- The Median household income of a Charlotte (zip 28203) resident is $91,567 a year. The US average is $69,021 a year.