Cost of Living in Charlotte, NC
Housing
The housing market plays a significant role in determining the cost of living in Charlotte, NC.
- Housing Index: 110.0 / 100
- Median Home Price is: $364,000
- Average Rent (2 BR Apartment): $1600 per month
- Average Rent (2 BR House): $1640 per month
Considering a move to Charlotte, NC? The housing index stands at 110.0, suggesting above-average housing costs. The median home price of 364000 could be a steep investment. Renting may also prove costly, with an average of 1600 for a 2-bedroom apartment and 1640 for a 2-bedroom house. It's important to weigh the benefits against the costs, factoring in the local job market and quality of life. Additionally, be mindful of any potential changes in housing market trends that could impact long-term affordability.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Charlotte, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Charlotte, NC could entail higher utility costs. Electricity costs sit at $13.72, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Charlotte is a financially viable option for your relocation.