In the Charlotte metropolitan area, 16.6% of households earn passive income from interest, dividends, and/or net rental income. The median passive income earned in the Charlotte metro area is $3,600 per year, compared to $4,200 at the national level.

According to data from the U.S. Census Bureau, 20% of American households earn passive income either through dividends, interest, or rental properties. Among those households who do have passive income, the median amount is $4,200 per year. Passive income streams can be a large contributor to wealth creation, and higher-income households are more likely to have the means to invest in assets that provide it.

To determine the metropolitan areas whose residents make the most passive income, researchers at ChamberOfCommerce.org analyzed earnings and income data from the U.S. Census Bureau. Metro areas were ranked by median passive income among households who earn passive income. Researchers also calculated the percentage of households with passive income, median total household income, and the poverty rate.

Only metropolitan areas with at least 100,000 people were included in the analysis. Additionally, metro areas were grouped into the following cohorts based on population size:

  • Small metros: 100,000–349,999
  • Midsize metros: 350,000–999,999
  • Large metros: 1,000,000 or more

The analysis found that in the Charlotte metropolitan area, 16.6% of households earn passive income from interest, dividends, and/or net rental income. The median passive income earned in the Charlotte metro area is $3,600 per year, compared to $4,200 at the national level. Here is a summary of the data for the Charlotte-Concord-Gastonia, NC-SC metro area:

  • Median passive income: $3,600
  • Percentage of households with passive income: 16.6%
  • Median total household income: $65,000
  • Poverty rate: 9.7%

For reference, here are the statistics for the entire United States:

  • Median passive income: $4,200
  • Percentage of households with passive income: 19.6%
  • Median total household income: $65,000
  • Poverty rate: 12.3%

For more information, a detailed methodology, and complete results, you can find the original report on ChamberOfCommerce.org’s website: https://www.chamberofcommerce.org/cities-whose-residents-make-the-most-passive-income/