CHARLOTTE, N.C. — A new study suggests Charlotteans need to make more than double the minimum wage in order to afford a one-bedroom apartment in the Queen City.
A new report from the National Low Income Housing Coalition shows the fair market rent for a one-bedroom apartment in Mecklenburg County is $784.
Renters would need to make at least $15 an hour, which would equal a $31,000 salary, to afford that without spending more than 30 percent of their income on housing.
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The report found that 43 percent of households in Mecklenburg County rent, and that they make an average of $42,000.
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Channel 9 has reported that developers are building more apartments throughout Charlotte. There are more than 3,400 new units under construction in uptown alone.