Can you afford to live in Charlotte?
Median household income, home values and rent in Charlotte, NC — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.
U.S. Census Bureau, American Community Survey 5-year estimates.
This story was assembled using AI and public data sources.
What it costs to live in Charlotte.
Median household income: $78,438 — +46.2% since 2015 (not adjusted for inflation)
Median gross rent: $1,504/mo — +62.4% since 2015
Median home value, 2015 to 2023
- 2015: 172000
- 2023: 351500
Median household income
- Charlotte: 78438
- Mecklenburg County: 83765
- NC: 69904
- U.S.: 78538
Median gross rent
- Charlotte: 1504
- Mecklenburg County: 1521
- NC: 1162
- U.S.: 1348
Share of income a typical renter spends on rent: 29.5% — U.S.: 30.2%
What it means
Households here earn about what households nationally earn ($78,438 versus $78,538).
The typical renter here spends 29.5% of household income on rent, below the 30% cost-burden line.
Since 2015, rent has risen faster than income here (+62.4% versus +46.2%), before adjusting for inflation.
Sources
- U.S. Census Bureau — American Community Survey (ACS) 5-year estimates — Population, income, housing, education, commuting and poverty figures
- Census Bureau API — ACS Detailed Tables — The endpoint these pages are generated from
- data.census.gov — Look up the same tables for any place yourself
- ACS accuracy statement — Estimates carry margins of error; small places vary the most
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