Before we go into how much rent has increased, what did you pay for rent back in the 80’s? I paid $700 for a 2 bedroom even in the early 2,000’s. Let’s speed up to the pandemic when things slowed accept rent prices. In 2022 apartment rent in Charlotte, NC ranges from $1,500 and $1,985. Many renters are choosing studio apartments just to save money because the average 1 and 2 bedrooms can cost you up to $1,700. The average rent for a 3-bedroom apartment in Charlotte, North Carolina can take a whole paycheck ranging in the $1,900 to $2,000 range.
When you look around Charlotte, North Carolina you’ll see wealth at epic levels, but the unemployment rate is slightly higher than the national average of 3.7 percent. The median household income in Charlotte is approximately $53,274, compared to the U.S. average of $53,482 per year. The most popular jobs based on occupation include administrative support, sales, and office workers at 24 percent; management, finance, and business at 20.1 percent; and transportation, material moving, and production at 10.2 percent. Let’s assume you want to buy a home in 2022, stack your coins because the median price of a home in Charlotte is between $200,000 and $311,958, but we have our fair share of million dollar homes.