Cost of Living in Charlotte

North Carolina · Population: 903,844 · Updated 2026

Below Average
Cost Index
97.3
100 = US avg
Median Income
$82K
Annual household
Median Rent
$1,612/mo
2-bedroom unit
Rent Burden
24%
Income to rent ratio
Cost Category Breakdown

Indexed to national average (100)

Housing94.8
Groceries100.0
Utilities100.0
Transportation100.0
Healthcare100.0
Economic Details
Median Home Value$386K
State Income Tax3.99%
Unemployment Rate3.6%
Est. Net Income$79K/yr
Affordability Score
101
out of 100
Below national average cost
Salary Converter for Charlotte

See what salary you'd need in another city to match your purchasing power in Charlotte.

$75,000

About Charlotte

Charlotte is the second-largest US banking center after New York and a rapidly growing tech hub. Low cost of living, mild climate, and strong job growth make Charlotte one of the most attractive cities in the Southeast.

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Frequently Asked Questions

Is Charlotte expensive?

Charlotte has a cost of living index of 97.3, where 100 represents the national average. This is close to the national average.

What salary do you need to live comfortably in Charlotte?

Based on a rent-to-income ratio of 30%, you'd need at least $64,480 to afford the median 2-bedroom apartment in Charlotte and maintain basic expenses.

What is the median rent in Charlotte?

The median 2-bedroom rent in Charlotte is $1,612 per month, according to HUD Fair Market Rent data.