Quick facts: Kannapolis, NC

Quick Facts

100.6
Cost of Living
above US average
55,448
Population
22.44
Crime Rate per 1000
below US average
$66,487
Median Income
below US average
$305,000
Median House Price
above US average
$1633.57
Average Rent
above US average
13%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $66,487.

🏠

Income Needed to Buy

βœ— Stretch
$96k/year
Based on $305,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $96k vs median $66,487
🏒

Income Needed to Rent

⚠ Stretch
$70k/year
Based on $1633.57/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $70k vs median $66,487
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Kannapolis, NC

Kannapolis is a city located in Cabarrus County, North Carolina, just northeast of Charlotte. Known for its rich history in the textile industry, Kannapolis was once home to the Cannon Mills, a major producer of towels and sheets. Today, the city has transitioned into a vibrant community with a growing economy, blending its historical roots with modern development. Kannapolis features several attractions, including the North Carolina Research Campus, which focuses on health and nutrition research, and the Kannapolis Riverwalk, offering scenic views, shops, and dining options. The city prides itself on its parks and recreational facilities, providing residents with ample opportunities for outdoor activities. With a population of around 50,000, Kannapolis has seen growth in recent years due to its proximity to Charlotte, making it an attractive place for commuters. The city hosts various events throughout the year, fostering a strong sense of community. Additionally, Kannapolis is part of the Cabarrus County School District, which is known for its commitment to education. Overall, Kannapolis combines small-town charm with the amenities of a larger city, making it a desirable place to live and visit.

πŸ” Search & Compare Places

First Location πŸ“