Quick facts: Cornelius, NC

Quick Facts

100.6
Cost of Living
above US average
32,294
Population
11.21
Crime Rate per 1000
below US average
$107,969
Median Income
above US average
$629,000
Median House Price
above US average
$2411.69
Average Rent
above US average
4%
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 $107,969.

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Income Needed to Buy

βœ— Stretch
$197k/year
Based on $629,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $197k vs median $107,969
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Income Needed to Rent

βœ“ Affordable
$103k/year
Based on $2411.69/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($107,969) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cornelius, NC

Cornelius, North Carolina, is a charming lakeside town located in Mecklenburg County. Nestled on the banks of Lake Norman, it boasts a picturesque setting ideal for outdoor enthusiasts and families alike. With a population of around 30,000, Cornelius combines small-town charm with proximity to larger urban centers like Charlotte, which is just 20 miles to the south. The town offers a variety of recreational activities, including boating, fishing, and hiking, with several parks and waterfront areas such as Jetton Park and Ramsey Creek Park. The local community enjoys a vibrant atmosphere with annual events like the Cornelius Art Festival and the popular Halloween festivities. Cornelius also features a mix of dining, shopping, and entertainment options, making it a convenient place for residents and visitors. The area is served by well-regarded schools and has a family-friendly environment. Additionally, its location offers easy access to the Charlotte metropolitan area's amenities, making it an attractive place to live and work. The blend of natural beauty and community spirit makes Cornelius a delightful spot in North Carolina.

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