CHARLOTTE, N.C. (QUEEN CITY NEWS) – The city is expensive.

Not to mention, rising inflation and high-interest rates make it all the more difficult to afford basic necessities.

According to a new study by SmartAsset, calculated income needed to ‘comfortably’ afford rent in the 25 largest U.S. cities ranks Charlotte at 16.

The study broke down the average rent for one-bedroom and two-bedroom apartments; it provided the needed income to afford each one.

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The average rent for a one-bedroom came to approximately $1,435, with the income needed rounding out to about $61,479.

The average rent for a two-bedroom apartment is around $1,647, with the income needed at $70,582.

(Courtesy: SmartAsset)

The top five cities in the report were:

  1. San Francisco, Calif.
  2. New York, N.Y.
  3. Los Angeles, Calif.
  4. Boston, Mass.
  5. Washington, D.C.