The 2023 all-items and housing-rent indexes were below the U.S. average, while the services component was higher.
What the indexes suggest
An index below 100 is a relative comparison, not a promise of low rent. Current listings, income, and neighborhood needs decide affordability.
Regional price parities compare price levels across regions in the same year. An index of 97.0 means the metro’s all-items price level was 3.0% below the U.S. average in the 2023 dataset. The housing-rent index was 97.0, and the utility index was 85.4.
An index-adjusted spending illustration
The following numbers apply Charlotte category indexes to 2024 BLS national average spending. This is an illustration of the model, not an estimate of what one specific family must spend.
| Category | Illustrative monthly amount | How to replace it |
|---|---|---|
| Housing | $2,123 | Current rent listings, fees, utilities, insurance, parking |
| Transportation | $1,077 | Your commute, vehicles, insurance quotes, transit and parking |
| Food | $822 | USDA household benchmark plus local receipts |
| Healthcare | $604 | Employer plan premiums, deductibles and expected care |
Transportation and location
Many household scenarios still require a vehicle. Test one-car, two-car, and transit-accessible housing options.
Salary research
Use an actual offer to calculate take-home pay under the relevant state and local tax rules. Add the value and cost of employer health coverage, retirement matching, paid leave, commuting, and remote-work flexibility. Then compare the offer with current housing and childcare quotes.
Local quote checklist
- Three realistic housing options near the actual job or routine
- Utility history or seasonal range
- Auto, renters, homeowners, flood, or other relevant insurance quotes
- Childcare and healthcare costs when applicable
- Commute time and full transportation cost
- State and local tax estimate for the household