How Charlotte Ranks for Affordability

Posted By: Michelle Manns Industry News,

According to a recent Charlotte Business Journal article, Charlotte when compared to the nation’s largest metros, is considered relatively affordable. The analysis was based on 2020 data from the Bureau of Economic Analysis' Regional Price Parity Index, so the significant inflation factor is not included in the data.

Of the nation's 100 largest metro areas, Charlotte ranked 29th for affordability with an index score of 94.581 — about 5.4% more affordable than the national benchmark. Charlotte earned its highest affordability rank in goods, landing at 39th, followed by housing at 43rd. The local metro ranked at No. 67 in utilities affordability among the top 100…. Read article.