Charlotte s population is 2.6M, with a total workforce of 1.2M. The labor market grew by 30,500 jobs over the past year, up by 2.5%. The median household income in Charlotte is $62,765, 2.6% higher than last year and 2.3% above the national average of $61,372.
In the housing market, total permits issued totaled 23,601 over the last twelve months, down 6.1% year-over-year. Charlotte has 435 active new home projects on the market, 6.3% fewer than the 464 from last year. The average list price in the market is $352,997, 4.9% higher than last year and 12.9% above the national average. Over the last three months, new home contracts decreased by 4.2% to 2,792. Charlotte and Fort Mill had the highest concentration of the new home contracts in the Charlotte market.