Cost of Living in Charlotte, NC
Charlotte has a cost of living index of 100 (100 = national average), making it close to the national average. The median household income is $66,816 and the median home price is $380,000.
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Charlotte at a Glance
Population
897,720
Cost of Living Index
100
Median Income
$66,816
Median Home Price
$380,000
Property Tax Rate
1.00%
Sales Tax Rate
7.25%
Rent Index
102
State
North Carolina
Living in Charlotte
Charlotte has a cost of living slightly above the national average. While housing at $380,000 is a significant expense, the area offers a balance between cost and quality of life.
The combined sales tax rate in Charlotte is 7.25%, and the effective property tax rate is 1.00%. Property taxes are close to the national average.