Quick facts: Charlotte, IA

Quick Facts

96.6
Cost of Living
below US average
390
Population
2.56
Crime Rate per 1000
below US average
$61,786
Median Income
below US average
$185,000
Median House Price
above US average
$1132
Average Rent
below US average
9%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $61,786.

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Income Needed to Buy

βœ“ Affordable
$58k/year
Based on $185,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($61,786) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$49k/year
Based on $1132/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($61,786) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Charlotte, IA

Charlotte is a quaint city located in Clinton County, Iowa. With a close-knit community feel, it has a population of around 800 residents, making it a small yet vibrant town. The area is characterized by its picturesque landscapes and serene rural charm, appealing to those who appreciate a slower pace of life. Charlotte is predominantly residential, offering a mix of historical homes and newer developments. It provides essential amenities like local shops, parks, and recreational facilities, promoting a family-friendly environment. The town hosts several community events throughout the year, encouraging social engagement and a sense of belonging among residents. Outdoor enthusiasts can enjoy nearby parks for hiking, fishing, and picnicking. The surrounding farmland offers beautiful views and opportunities for agritourism. Charlotte's proximity to Clinton, a larger city, allows residents easy access to more extensive shopping, dining, and entertainment options. Overall, Charlotte, IA, is a charming small town that embodies the heart of rural America, making it an attractive place for those looking to escape the bustle of city life while still staying connected to community and nature.

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