New York, NY vs Charlotte, NC: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, Charlotte, NC is 13.5% less expensive than New York, NY (BEA, 2024).
- To keep the same standard of living, $75,000 in New York works out to about $64,900 in Charlotte, before taxes.
- Most of the difference is housing, which costs 34.3% less in Charlotte. Goods are 12.4% lower and other services 7.2% lower.
- Utility prices (electricity, gas, water) are 29.8% lower in Charlotte.
- Typical asking rent is $1,735 a month in Charlotte and $3,546 in New York, $21,732 a year less in Charlotte (Zillow, September 2026).
- A typical home is valued at about $381,000 in Charlotte and $731,000 in New York.
- The gap has narrowed since 2019, when Charlotte was 17.8% less expensive than New York.
derived Calculated from BEA Regional Price Parities (2024) and Zillow data. Based on an average household's spending; taxes not included. How we calculate.
Category by category
Both cities against the US average (100). The gap in each row is what matters for a move.
Housing drives the gap: 34.3% lower in Charlotte than in New York
Price level by category, 2024. US average = 100.
- New York, NY
- Charlotte, NC
All items New York, NY: 112.6 Charlotte, NC: 97.3
Goods New York, NY: 110.3 Charlotte, NC: 96.6
Housing (rents) New York, NY: 148.6 Charlotte, NC: 97.6
Utilities New York, NY: 127.0 Charlotte, NC: 89.2
Other services New York, NY: 105.8 Charlotte, NC: 98.2
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| New York, NY | Charlotte, NC | |
|---|---|---|
| All items | 112.6 | 97.3 |
| Goods | 110.3 | 96.6 |
| Housing (rents) | 148.6 | 97.6 |
| Utilities | 127.0 | 89.2 |
| Other services | 105.8 | 98.2 |
| Category | New York | Charlotte | Charlotte vs New York |
|---|---|---|---|
| All items | 112.6 | 97.3 | −13.5% |
| Goods | 110.3 | 96.6 | −12.4% |
| Housing (rents) | 148.6 | 97.6 | −34.3% |
| Utilities | 127.0 | 89.2 | −29.8% |
| Other services | 105.8 | 98.2 | −7.2% |
| Typical asking rent | $3,546 | $1,735 | −51.1% |
| Typical home value | $731,000 | $381,000 | −47.8% |
| Salary to match $75,000 in New York | $75,000 | $64,900 | −13.5% |
Index values: BEA, 2024, US = 100. Rent and home values: Data Provided by Zillow Group, September 2026.
How the gap has changed since 2008
The price gap between New York and Charlotte has narrowed since 2008: 18.2 points then, 15.2 now
Overall price level each year, 2008–2024. US average = 100.
- New York, NY
- Charlotte, NC
US average = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| New York, NY | Charlotte, NC | |
|---|---|---|
| 2008 | 113.5 | 95.3 |
| 2009 | 114.8 | 94.1 |
| 2010 | 113.2 | 95.7 |
| 2011 | 114.6 | 95.7 |
| 2012 | 113.8 | 96.1 |
| 2013 | 113.3 | 95.9 |
| 2014 | 113.2 | 96.3 |
| 2015 | 113.3 | 96.2 |
| 2016 | 113.7 | 96.9 |
| 2017 | 113.6 | 96.2 |
| 2018 | 114.5 | 95.5 |
| 2019 | 114.9 | 94.5 |
| 2020 | 115.6 | 94.2 |
| 2021 | 114.8 | 96.6 |
| 2022 | 113.0 | 96.8 |
| 2023 | 112.6 | 97.3 |
| 2024 | 112.6 | 97.3 |
Goods
- New York, NY
- Charlotte, NC
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| New York, NY | Charlotte, NC | |
|---|---|---|
| 2008 | 110.8 | 97.1 |
| 2009 | 109.1 | 94.9 |
| 2010 | 107.2 | 97.0 |
| 2011 | 107.9 | 96.7 |
| 2012 | 110.3 | 96.5 |
| 2013 | 109.7 | 96.6 |
| 2014 | 108.9 | 96.8 |
| 2015 | 109.4 | 95.9 |
| 2016 | 109.0 | 96.6 |
| 2017 | 108.7 | 96.5 |
| 2018 | 109.4 | 95.7 |
| 2019 | 108.2 | 95.7 |
| 2020 | 108.6 | 95.4 |
| 2021 | 104.3 | 96.2 |
| 2022 | 107.8 | 95.4 |
| 2023 | 108.3 | 96.7 |
| 2024 | 110.3 | 96.6 |
Housing (rents)
- New York, NY
- Charlotte, NC
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| New York, NY | Charlotte, NC | |
|---|---|---|
| 2008 | 166.7 | 85.1 |
| 2009 | 166.9 | 84.6 |
| 2010 | 169.2 | 85.6 |
| 2011 | 168.3 | 83.4 |
| 2012 | 169.7 | 85.0 |
| 2013 | 167.7 | 84.4 |
| 2014 | 168.0 | 85.6 |
| 2015 | 164.8 | 85.5 |
| 2016 | 164.8 | 85.9 |
| 2017 | 160.8 | 87.2 |
| 2018 | 159.2 | 88.7 |
| 2019 | 159.4 | 88.5 |
| 2020 | 163.8 | 88.5 |
| 2021 | 160.5 | 90.6 |
| 2022 | 154.3 | 93.9 |
| 2023 | 149.7 | 97.1 |
| 2024 | 148.6 | 97.6 |
Utilities
- New York, NY
- Charlotte, NC
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| New York, NY | Charlotte, NC | |
|---|---|---|
| 2008 | 145.8 | 87.6 |
| 2009 | 144.3 | 87.9 |
| 2010 | 137.4 | 89.6 |
| 2011 | 134.8 | 89.3 |
| 2012 | 130.0 | 91.5 |
| 2013 | 128.9 | 91.4 |
| 2014 | 122.4 | 92.0 |
| 2015 | 117.2 | 92.1 |
| 2016 | 120.9 | 89.5 |
| 2017 | 122.8 | 86.4 |
| 2018 | 127.9 | 88.4 |
| 2019 | 128.7 | 91.0 |
| 2020 | 135.2 | 89.4 |
| 2021 | 132.0 | 86.1 |
| 2022 | 119.8 | 84.4 |
| 2023 | 129.1 | 84.8 |
| 2024 | 127.0 | 89.2 |
Other services
- New York, NY
- Charlotte, NC
US = 100
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| New York, NY | Charlotte, NC | |
|---|---|---|
| 2008 | 103.5 | 98.3 |
| 2009 | 106.1 | 97.5 |
| 2010 | 104.5 | 99.1 |
| 2011 | 106.9 | 100.4 |
| 2012 | 104.1 | 100.4 |
| 2013 | 104.1 | 100.2 |
| 2014 | 104.7 | 100.3 |
| 2015 | 105.3 | 100.7 |
| 2016 | 106.1 | 101.6 |
| 2017 | 106.8 | 99.8 |
| 2018 | 108.2 | 98.2 |
| 2019 | 109.3 | 95.8 |
| 2020 | 108.1 | 95.5 |
| 2021 | 110.7 | 99.7 |
| 2022 | 107.2 | 99.7 |
| 2023 | 106.7 | 98.6 |
| 2024 | 105.8 | 98.2 |
Rent and home values
Typical asking rent: $1,735 in Charlotte vs $3,546 in New York
Typical asking rent for a new lease, dollars per month. Quarterly.
- New York, NY
- Charlotte, NC
- United States
Source: Zillow Observed Rent Index (typical asking rent, all homes, smoothed), through September 2026. Data Provided by Zillow Group.
Show the numbers
| New York, NY | Charlotte, NC | United States | |
|---|---|---|---|
| Mar 2015 | $2,260 | $995 | $1,145 |
| Jun 2015 | $2,309 | $1,021 | $1,170 |
| Sep 2015 | $2,335 | $1,033 | $1,181 |
| Dec 2015 | $2,314 | $1,034 | $1,182 |
| Mar 2016 | $2,324 | $1,052 | $1,195 |
| Jun 2016 | $2,367 | $1,068 | $1,219 |
| Sep 2016 | $2,384 | $1,081 | $1,225 |
| Dec 2016 | $2,361 | $1,079 | $1,222 |
| Mar 2017 | $2,371 | $1,106 | $1,245 |
| Jun 2017 | $2,418 | $1,136 | $1,270 |
| Sep 2017 | $2,428 | $1,142 | $1,276 |
| Dec 2017 | $2,387 | $1,141 | $1,275 |
| Mar 2018 | $2,407 | $1,159 | $1,296 |
| Jun 2018 | $2,461 | $1,185 | $1,320 |
| Sep 2018 | $2,483 | $1,187 | $1,327 |
| Dec 2018 | $2,454 | $1,198 | $1,329 |
| Mar 2019 | $2,478 | $1,220 | $1,349 |
| Jun 2019 | $2,538 | $1,242 | $1,376 |
| Sep 2019 | $2,559 | $1,253 | $1,383 |
| Dec 2019 | $2,535 | $1,249 | $1,381 |
| Mar 2020 | $2,557 | $1,268 | $1,402 |
| Jun 2020 | $2,514 | $1,273 | $1,406 |
| Sep 2020 | $2,394 | $1,299 | $1,410 |
| Dec 2020 | $2,309 | $1,312 | $1,407 |
| Mar 2021 | $2,345 | $1,338 | $1,443 |
| Jun 2021 | $2,467 | $1,413 | $1,512 |
| Sep 2021 | $2,637 | $1,493 | $1,590 |
| Dec 2021 | $2,713 | $1,524 | $1,622 |
| Mar 2022 | $2,808 | $1,547 | $1,661 |
| Jun 2022 | $2,948 | $1,617 | $1,721 |
| Sep 2022 | $3,027 | $1,649 | $1,748 |
| Dec 2022 | $2,971 | $1,636 | $1,735 |
| Mar 2023 | $3,009 | $1,653 | $1,757 |
| Jun 2023 | $3,103 | $1,678 | $1,785 |
| Sep 2023 | $3,133 | $1,682 | $1,797 |
| Dec 2023 | $3,092 | $1,661 | $1,786 |
| Mar 2024 | $3,145 | $1,669 | $1,807 |
| Jun 2024 | $3,226 | $1,694 | $1,837 |
| Sep 2024 | $3,239 | $1,695 | $1,845 |
| Dec 2024 | $3,218 | $1,679 | $1,836 |
| Mar 2025 | $3,278 | $1,701 | $1,860 |
| Jun 2025 | $3,360 | $1,718 | $1,880 |
| Sep 2025 | $3,403 | $1,711 | $1,881 |
| Dec 2025 | $3,364 | $1,693 | $1,873 |
| Mar 2026 | $3,410 | $1,708 | $1,894 |
| Jun 2026 | $3,511 | $1,725 | $1,921 |
| Sep 2026 | $3,546 | $1,735 | $1,932 |
Typical home value: $381,000 in Charlotte vs $731,000 in New York
Typical home value, dollars. Quarterly.
- New York, NY
- Charlotte, NC
- United States
Source: Zillow Home Value Index (typical home value, middle tier, smoothed, seasonally adjusted), through September 2026. Data Provided by Zillow Group.
Show the numbers
| New York, NY | Charlotte, NC | United States | |
|---|---|---|---|
| Mar 2015 | $412K | $172K | $189K |
| Jun 2015 | $415K | $175K | $192K |
| Sep 2015 | $420K | $178K | $195K |
| Dec 2015 | $428K | $182K | $199K |
| Mar 2016 | $432K | $186K | $202K |
| Jun 2016 | $436K | $189K | $204K |
| Sep 2016 | $438K | $193K | $206K |
| Dec 2016 | $443K | $197K | $209K |
| Mar 2017 | $451K | $201K | $213K |
| Jun 2017 | $458K | $205K | $216K |
| Sep 2017 | $463K | $209K | $219K |
| Dec 2017 | $468K | $214K | $223K |
| Mar 2018 | $473K | $219K | $227K |
| Jun 2018 | $480K | $222K | $230K |
| Sep 2018 | $486K | $226K | $234K |
| Dec 2018 | $489K | $229K | $236K |
| Mar 2019 | $493K | $232K | $239K |
| Jun 2019 | $498K | $235K | $242K |
| Sep 2019 | $499K | $238K | $244K |
| Dec 2019 | $502K | $242K | $247K |
| Mar 2020 | $509K | $247K | $252K |
| Jun 2020 | $514K | $251K | $255K |
| Sep 2020 | $514K | $258K | $260K |
| Dec 2020 | $529K | $271K | $271K |
| Mar 2021 | $548K | $284K | $282K |
| Jun 2021 | $564K | $301K | $296K |
| Sep 2021 | $572K | $317K | $306K |
| Dec 2021 | $582K | $331K | $314K |
| Mar 2022 | $597K | $352K | $330K |
| Jun 2022 | $617K | $374K | $346K |
| Sep 2022 | $619K | $378K | $348K |
| Dec 2022 | $613K | $374K | $345K |
| Mar 2023 | $611K | $368K | $343K |
| Jun 2023 | $621K | $370K | $347K |
| Sep 2023 | $631K | $376K | $352K |
| Dec 2023 | $639K | $380K | $354K |
| Mar 2024 | $651K | $384K | $357K |
| Jun 2024 | $665K | $388K | $361K |
| Sep 2024 | $675K | $387K | $361K |
| Dec 2024 | $684K | $388K | $363K |
| Mar 2025 | $688K | $388K | $364K |
| Jun 2025 | $693K | $385K | $362K |
| Sep 2025 | $697K | $384K | $362K |
| Dec 2025 | $706K | $385K | $364K |
| Mar 2026 | $716K | $385K | $366K |
| Jun 2026 | $722K | $384K | $365K |
| Sep 2026 | $731K | $381K | $366K |
More about each city
- Cost of living in New York, NY
- Cost of living in Charlotte, NC
- Reverse: moving from Charlotte to New York
Related comparisons
What this comparison leaves out
- Taxes. State and local income, sales and property taxes can change the result a lot, especially between states.
- Neighborhoods. These are metro-wide averages; a city center and its outer suburbs can differ by more than two metros do.
- Your own spending mix. The default uses an average household. Use the housing slider above if rent is a bigger share of your budget.
- Timing. BEA price levels are for 2024; Zillow figures are monthly and newer.