New York, NY vs Charlotte, NC
Cost of living comparison · 2023 Census ACS data
Quick Summary
The headline difference between these two markets is housing: a typical home in Charlotte runs $352,000 versus $752,000 in New York, a 53% gap that dominates most relocation math. State income-tax burden also tilts toward Charlotte — a top rate of 4.5% versus 10.9% — which compounds at higher incomes.
Median Home Value
$751,700
$351,500 ✓
Zillow Home Value
$812,534
$393,846
Median Gross Rent
$1,779/mo
$1,504/mo ✓
Owner Occupied %
32.8%
51.5%
Price-to-Rent Ratio
35.2x
19.5x
Median Household Income
$79,713 ✓
$78,438
Per Capita Income
$50,776
$49,991
Unemployment Rate
7.7%
4.4% ✓
Poverty Rate
17.4%
11.7%
Avg Commute (min)
44.8 min
26.8 min
Drove Alone %
21.9%
61.0%
Public Transit %
45.5%
2.2%
Work From Home %
15.0%
25.5%
State Income Tax
10.9%
4.5%
Total Sales Tax
8.5%
7.0% ✓
Property Tax Rate
1.7%
0.8%
Bachelor's Degree %
23.6%
30.4%
Median Age
38
34.4
Avg High Temp
62.6°F
72.2°F
Annual Precipitation
49.5"
43.6"
Annual Snowfall
29.8"
3.5"
New York, NY 1 wins
- ✓Median Household Income
Charlotte, NC 4 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
- ✓Unemployment Rate
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