Charlotte s population is 2.6M, with a total workforce of 1.2M. The labor market grew by 34,600 jobs over the past year, up by 2.9%. The median household income in Charlotte is $63,210, 1.8% higher than last year and 0.0% above the national average of $63,179.
In the housing market, total permits issued totaled 24,190 over the last twelve months, up 5.6% year-over-year. Charlotte has 425 active new home projects on the market, 7.8% fewer than the 461 from last year. The average list price in the market is $346,699, 3.4% higher than last year and 0.2% above the national average. Over the last three months, new home contracts increased by 16.9% to 3,093. Charlotte and Concord had the highest concentration of the new home contracts in the Charlotte market.