Housing costs in Charlotte?
A typical home costs
$318,300, which is 5.9% less expensive than the national average of
$338,100 and 10.0% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Charlotte costs
$1,290 per month, which is 16.2% more than the national average of
$1,110 and 3.1% more than the state average of
$1,250.
Can I afford Charlotte?
To live comfortably in Charlotte (zip 28216), North Carolina, a minimum annual income of
$60,840 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Charlotte?
The cost of living in Charlotte, NC is quite reasonable compared to other major cities in the US. According to BestPlaces, the overall cost of living index for 28216 Charlotte, NC is 77.55 which is significantly lower than that of New York City (122.70). The average rent for a one bedroom apartment in 28216 Charlotte, NC is approximately $1000 per month, while a three-bedroom apartment will cost an average of $1400 per month. Groceries are also reasonably priced in the area with an average cost of just under $400 per month. Additionally, utilities such as electricity and water are quite affordable with most people paying around $150 to $200 per month. With all these factors taken into account, 28216 Charlotte, NC is considered to be one of the more affordable cities to live in across America.