113 hours required at minimum wage to afford a 2-bedroom apartment
Workers earning $7.25 per hour must work more than two full-time jobs to afford rent
There is a 23,060 unit gap for rental units affordable to extremely low-income households
77% of extremely low-income households (income at or below 30% of Area Median Income) rented units at higher cost than they could afford due to a lack of available and affordable, permanent housing units in Charlotte-Mecklenburg.
Check out the 2020 Charlotte-Mecklenburg State of Housing Instability & Homelessness (SoHIH) report, which provides a single, dedicated compilation of all the latest data on housing instability and homelessness pertaining to Charlotte-Mecklenburg. This resource can be used by any and all stakeholders working to address housing instability and homelessness. The annual report combines local, regional, and national data on the full housing continuum (from housing instability to homelessness), and stable (permanent, affordable) housing. The report features data from the Point-in-Time Count; housing inventory and rental gaps; Housing Trust Fund; and system performance metrics.
Check out the Charlotte-Mecklenburg Housing & Homelessness Ecosystem of community organizations. The Ecosystem provides standardized definitions; identifies roles and responsibilities across the continuum; quantifies housing capacities; and outlines funding sources.