USLivingCost Salaries · Rent · Cost of Living

Charlotte, NC vs. Plano, TX

Median rent is $1,504 a month in Charlotte, NC and $1,792 in Plano, TX. Household income is $78,438 against $108,649. Both cities are read from the same ACS 2019-2023 5-Year Estimates and the same BEA Regional Price Parities 2023, so the two columns below are directly comparable.

$
Same standard of living
A salary of $100,000 in Charlotte, NC buys what $100,202 buys in Plano, TX
+$202 more to keep the same standard of living
Median gross rent Monthly
$1,504 $1,792 +19.1%
Median household income Annual
$78,438 $108,649 +38.5%
Median home value Owner-occupied
$351,500 $440,600 +25.3%
Rent as share of income Annual rent ÷ income
23.0% 19.8% -3.2 pp
Price level U.S. average = 100
97.0 97.2 +0.2%
Salary needed for median rent Keeps rent at 30% of gross
$60,200 $71,700 +19.1%
Rent median income carries at 30% Affordable rent
$1,961 $2,716 +38.5%
Population City proper
886,283 287,339 -67.6%
Equivalent salary For $100,000 in Charlotte
$100,000 $100,202 +0.2%

A green or red badge means the second city is higher or lower, not better or worse: a lower rent is good for a tenant, a lower household income is not. For the price level and
the share of income the raw values are shown, because a percentage difference between two
percentages is easy to misread.

What the gap means

Lower rent
$1,504
Charlotte, NC · 19.1% below Plano, TX
Higher household income
$108,649
Plano, TX · 38.5% above Charlotte, NC
Same standard of living
$100,202
$100,000 in Charlotte, NC needs $100,202 in Plano, TX
Price level gap
0.2 points
97.0 in NC against 97.2 in TX
Rent burden gap
3.2 points
Charlotte, NC versus Plano, TX, share of income taken by rent
Highest buying power
103.1%
Charlotte, NC · share of the national average income that a dollar there buys

More comparisons with Charlotte, NC

More comparisons with Plano, TX

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Definitions used on this page

Salary needed for the median rent
Twelve months of median gross rent divided by 0.30: the income that keeps the median rent at 30% of gross pay.
Price level
BEA regional price parity for the metro area where one is published, otherwise for the state. The national average is 100.
Same standard of living
A salary in Charlotte, NC converted into Plano, TX at the ratio of the two price levels. It adjusts for prices only, not for taxes or for what either city offers.
Buying power
One hundred divided by the price level: what a dollar buys locally relative to the national average.

Sources

Margins of error are published for every Census figure. Read the methodology before reading a small gap between two cities as a real difference.

Full detail for each city: Charlotte, NC · Plano, TX