Charlotte s population is 2.6M, with a total workforce of 1.2M. The labor market grew by 29,000 jobs over the past year, up by 2.4%. The median household income in Charlotte is $62,548, 2.3% higher than last year and 1.0% below the national average of $63,179.
In the housing market, total permits issued totaled 23,793 over the last twelve months, down 3.1% year-over-year. Charlotte has 437 active new home projects on the market, 5.4% fewer than the 462 from last year. The average list price in the market is $332,951, 0.2% higher than last year and 11.2% above the national average. Over the last three months, new home contracts increased by 8.3% to 2,873. Charlotte and Fort Mill had the highest concentration of the new home contracts in the Charlotte market.