01 Feb Housing affordability and workforce in Charlotte
Charlotte Works’ Community Poverty Indicators map shares data about poverty across Mecklenburg County based on zip codes. We’re highlighting each of the indicators to show the workforce implications.
Housing affordability refers to areas where housing is affordable and/or unaffordable in Mecklenburg County. Affordability is determined by whether the median monthly income is higher than the median rent price in each zip code.
Housing affordability and workforce development go hand in hand. Workers who don’t earn enough money to afford stable housing often fall behind economically, unable to save for important major expenses. In Charlotte, as housing close to the city center becomes more expensive, low- to moderate-income workers are being forced to move further out and away from ample job opportunities.