Quality of Life in Charlotte, NC vs. Broader United States

Income Overview

• Annual income: $171,440
• National median household income (2023): Approximately $70,000

Cost of Living

• Charlotte's cost of living is slightly lower than the national average.
  • Groceries, transportation, and healthcare costs moderately lower.
  • Utilities are near the national average.
• This income affords a higher discretionary spending capability compared to many U.S. cities.

Housing Market

• Median home price in Charlotte (2023): around $400,000
• National median home price (2023): approximately $450,000
• Someone earning $171,440 annually can comfortably afford a home above Charlotte's median price.
• The housing market has shown consistent growth, offering good potential for property appreciation.

Quality of Life

• Affordable Living: With the income and comparatively lower cost of living, residents can maintain a comfortable and secure lifestyle.
• Dining and Entertainment: Charlotte offers diverse dining and entertainment options, balancing cultural enrichment and relaxation.
• Outdoor Activities: Proximity to both mountains and beaches provides easy access to various outdoor activities.

Access to Healthcare

• Charlotte is home to several reputable healthcare facilities and hospitals.
• The city offers competitive healthcare services and top-notch specialists.
• Health insurance can be comfortably maintained within the stated income bracket, ensuring access to necessary medical care.

Quality of K-12 Schools

• Charlotte-Mecklenburg School District has several highly rated public and private schools.
• Several programs for gifted and talented students are available.
• Schools often benefit from resources that correlate with elevated community income levels.

Assessment Summary

With an annual income of $171,440, an individual or family living in Charlotte, NC can enjoy a high quality of life relative to the cost of living and housing market. The city offers a balance of affordable housing, excellent healthcare access, and reputable schools, making it an attractive place for those earning substantially above the national median income.