Mecklenburg County · North Carolina · South · 904k residents
Charlotte, NC: economy, jobs & business costs
The site-selection read on Charlotte: labor costs, talent, corporate tax, energy, and business activity, with the North Carolina median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: Curated city row; coverage varies by fact.
Average weekly wages in the surrounding labor market run $1,758/wk. North Carolina's corporate income tax rate is 2.25%. Commercial electricity averages 10.6¢/kWh.
Compare Charlotte side by side
Avg. weekly wage
$1,758/wk
Corporate income tax
2.25%
Bachelor's degree or higher
48%
Commercial electricity
10.6¢/kWh
Economic momentum
How fast Charlotte's economy is moving, ranked against the US cities we track.
53/100
Steady
Ranks Charlotte's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| Median home value | $400,000 |
| Price per sq. ft. | $230 |
| Property tax rate | 0.85% |
| 1-bedroom rent | $1,500/mo |
| 2-bedroom rent | $1,800/mo |
| State & local income tax | 3.15% |
| Sales tax | 7.25% |
| Corporate income tax | 2.25% |
| Avg. weekly wage | $1,758/wk |
| Bachelor's degree or higher | 48% |
| Commercial electricity | 10.6¢/kWh |
| Businesses per 1k residents | 44.5/1k |
| Wage: Software developer | $135,920 |
| Wage: Registered nurse | $90,620 |
| Wage: General manager | $112,730 |
| Wage: Customer service | $44,980 |
| Wage: Warehouse worker | $37,440 |
| Wage: Heavy truck driver | $56,120 |
| Wage: Electrician | $59,080 |
| Wage: Retail salesperson | $33,580 |
| Cost of living index | 99 |
| Groceries index | 98 |
| Utilities | $160/mo |
| Transit pass | $88/mo |
| Gas price | $3.10/gal |
| Healthcare index | 102 |
| Childcare (per child) | $1,250/mo |
| Median household income | $74,000 |
| Unemployment rate | 3.8% |
| Population | 904k |
| Crime index | 49/100 |
| School rating | 6.5/10 |
| Walkability | 27/100 |
| Disaster risk | 97/100 |
| Avg. commute | 26 min |
| Sunny days / year | 218 days |
| July high | 90°F |
| January low | 32°F |
| Annual snowfall | 4 in |
| Home price YoY | -1.2% |
| Home price MoM | -0.3% |
| Rent YoY | 0.0% |
| Rent MoM | +0.1% |
| Employment (jobs) YoY | +0.4% |
| Building permits YoY | — |
| Ocean coast | 154 mi |
| Big lake | 20 mi |
| Mountains | 81 mi |
| Major airport | 6 mi |
| Ski resort | 85 mi |
Popular comparisons
Nearby
- Mint Hill, NC · 28k
- Belmont, NC · 16k
- Mount Holly, NC · 18k
- Harrisburg, NC · 20k
- Huntersville, NC · 64k
Similar size
- Raleigh, NC · 481k
- Greensboro, NC · 301k
- Durham, NC · 291k
- Winston-Salem, NC · 252k
- Fayetteville, NC · 211k
Real listings in Charlotte
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Charlotte a good place to run a business?
- North Carolina's corporate income tax rate is 2.25%; average weekly wages in the surrounding labor market run $1,758/wk; commercial electricity averages 10.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Charlotte, NC?
- Charlotte indexes at 99 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,800/mo and a median home value of $400,000.
- How much does a house cost in Charlotte?
- The median home value in Charlotte is $400,000 (compiled estimate; individual listings vary).
- How much is rent in Charlotte?
- A two-bedroom in Charlotte rents for about $1,800/mo.