New York, NY vs Charlotte, NC
Compare rent, home prices, and affordability for up to 3 US cities.
The Verdict
Charlotte, NC is cheaper — a 2-bedroom averages $1,824/mo versus $2,780/mo in New York, NY, 34% ($956/mo) less. Over a year that is $11,472 more in rent for the same size unit.
Income Needed
To rent a 2-bedroom without exceeding the 30% rule, you need about $111,200/year in New York, NY versus $72,960/year in Charlotte, NC — a $38,240 difference in required salary.
Home Prices
The median home costs $400,096 in Charlotte, NC versus $817,745 in New York, NY — 104% higher. Buyers priced out of New York, NY may find Charlotte, NC more attainable.
Select Cities (2/3)
New York, NY
Charlotte, NC
| Metric | New York NY | Charlotte NC |
|---|---|---|
| Studio Rent | $2,406 | $1,586✓ |
| 1BR Rent | $2,511 | $1,647✓ |
| 2BR Rent | $2,780 | $1,824✓ |
| 3BR Rent | $3,465 | $2,250✓ |
| 4BR Rent | $3,738 | $2,852✓ |
| Median Home Value | $817,745 | $400,096✓ |
| Price per sqft | — | — |
| Median Income | $97,334 | $80,201✓ |
| Income to Rent 2BR | $111,200/yr | $72,960/yr✓ |