Net Worth Percentile in Charlotte

Your national net worth ranking uses Federal Reserve SCF data and is the same wherever you live. But Charlotte’s cost of living is 1% above the national average (COL index: 101), which changes what your net worth actually buys.

Purchasing power in Charlotte

National median (ages 45-54) ($248K)3.4 yrs of expenses
$1M net worth ($1.0M)13.6 yrs of expenses
$2M net worth ($2.0M)27.1 yrs of expenses
$5M net worth ($5.0M)67.8 yrs of expenses

Based on BLS 2023 Consumer Expenditure Survey ($73,697/yr in Charlotte).

Charlotte — key figures

Cost of living index101 (US avg = 100)
Median home price$390,000
Median household income$72,000

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Frequently asked questions

What net worth puts you in the top 10% in Charlotte?

Nationally, the top 10% of Americans ages 45-54 have a net worth of roughly $1.7M or more. In Charlotte, where cost of living is 1% above the national average (COL index: 101), that $1.7M covers approximately 23.1 years of living expenses compared to 23.3 years at the national average.

How does Charlotte's cost of living affect my net worth ranking?

Charlotte has a cost of living index of 101 (US average = 100). Your national percentile ranking uses Federal Reserve SCF data and is the same regardless of where you live. But your purchasing power differs: $1M in Charlotte covers 13.6 years of average living expenses, versus 13.7 years at the national average.

What is the median household income in Charlotte?

The median household income in Charlotte is $72,000 per year. The national median household income is approximately $74,580 (Census ACS 2023).

What is the median home price in Charlotte?

The median home sale price in Charlotte metro area is approximately $390,000 (2024). For a household with $500K in net worth, that represents 128% of the median home price.

Other cities

HoustonCOL 96San AntonioCOL 90DallasCOL 100AustinCOL 115Fort WorthCOL 93PhoenixCOL 105TucsonCOL 93Los AngelesCOL 164
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Data: 2022 Federal Reserve Survey of Consumer Finances.

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