As noted in this thread, some noise is normal and it will vary depending on the load on the charger, generally louder under higher load. Right now my MB is fully charged, screen bright, airport on, and I can only hear a hiss in my charger if I hold it to my ear. But I know it's been much louder at times. It can be worth checking what the CPU is doing (with Activity Monitor) when you hear the noise. There could be something using CPU cycles - and thus power - that shouldn't be.
One concern with charger noise is that it can indicate a kink or cut in the cable between the charger and the MacBook. It's easy to catch that in recliner chair mechanics (I've done it) or otherwise cause damage leading to intermittent shorts. This will cause the charger to shriek at its loudest!