Cost of Living in Matthews, NC
Population: 29,959 • 2026 Data
$105,579
Median Household Income
+36% vs national
$1,670
Median Monthly Rent
+24% vs national
$406,800
Median Home Value
+20% vs national
2.2%
Unemployment Rate
Housing in Matthews
The median home value in Matthews, NC is $406,800. Monthly rent for a typical unit averages $1,670, while total monthly housing costs (including utilities and insurance) average $1,599.
Rent-to-income ratio: 19.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Matthews, NC is $105,579. The unemployment rate stands at 2.2%, with a labor force of 15,805 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.