Cost of Living in Charlotte, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.9
100 = national avg
-6.1 vs national average
Living Wage (1 Adult)
$41,326
per year
Living Wage (Family of 4)
$97,679
per year
Cost Index by Category
Housing97.8
Food94.1
Transportation88.1
Healthcare95.3
Utilities96.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,578
per month
2 Bedroom
$1,730
per month
The overall cost of living index in Charlotte is 93.9, which is 6.1% below the national average. Housing costs are below the national average at an index of 97.8. A single adult needs to earn approximately $41,326 per year to cover basic expenses.