Can You Afford Life in Charlotte? - Cost of Living 2024

Thinking about moving to Charlotte, NC in 2024? With the city’s cost of living rising rapidly, the big question is: Can you still afford to live here? The answer is yes—but only if you act soon!

In this video, we’ll break down everything you need to know about the cost of living in Charlotte, North Carolina in 2024. From housing prices to healthcare costs, transportation, taxes, and even everyday expenses like groceries and dining, this comprehensive guide will help you make an informed decision about relocating to this fast-growing city.

Here’s what we cover:

1. Housing Costs:

Median home price in 2024: ~$420,000, a huge jump from $170,000 just 10 years ago.

Average rental prices: Studios start at $1,500/month, while two-bedroom apartments are around $1,800/month.

Compare Charlotte to other cities like NYC, Atlanta, and Dallas, where costs are much higher.

2. Healthcare Costs:

NC ranks 3rd worst in the U.S. for healthcare access and affordability.

Average annual out-of-pocket expenses and employer coverage details.

3. Transportation:

Car-dependent city with costs for gas, insurance, and public transit options.

Expect ~$611/year for state minimum insurance and gas prices around $2.93-$3.09/gallon.

4. Taxes:

Property tax rates: 0.6-1.3% of home value.

NC state income tax decreasing from 4.5% in 2024 to 4.25% in 2025.

How Charlotte’s tax rates compare to states like New York and California.

5. Utilities and Everyday Expenses:

Average monthly utilities: ~$193.

Grocery costs: $340/month per person (or less with budget-friendly options like Aldi).

Dining out and entertainment costs, including gym memberships, movies, and nightlife.

Whether you’re considering buying a home, renting, or just curious about the cost of living in Charlotte, this video gives you all the facts. Don’t wait too long—this city is growing fast, and affordability won’t last forever.


00:00 Intro
00:59 What we will Cover
01:21 Health Care Cost
02:36 Housing Cost
04:50 Affordable areas
05:27 Transportation Cost
07:00 How much are Taxes?
09:25 Every Day Cost
10:30 Utilities
13:00 Conclusion


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