Police officers are yet another profession that earn too much to live in affordable housing and too little to live in newer market rate apartments.
According to glassdoor.com, the average Charlotte-area police salary currently stands at $44,540. This is 53% of the Charlotte-area median family income of $83,500. Assuming a rent qualification ratio of 30%, the average police officer can afford $1,113/month in rent. This is 25% below the typical rent for newer multifamily properties in the Charlotte area, forcing many police officers to move into older, less-desirable housing.