Cost of Living in Charlotte, North Carolina
Charlotte has a population of about 903,844. The median household income is $82,068, median gross rent is $1,612/month, and the median home value is $385,700. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Charlotte expensive to live in?
Compared with the national median in this dataset, rent in Charlotte is about the national median and home values are about the national median. Household income here is about the national median. Monthly rent represents roughly 24% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Charlotte?
The median gross rent in Charlotte, North Carolina is $1,612 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Charlotte?
The median owner-occupied home value in Charlotte is $385,700 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Charlotte?
The median household income in Charlotte is $82,068 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.