USLivingCost Salaries · Rent · Cost of Living

Charlotte, NC vs. Spring Valley, NV

Median rent is $1,504 a month in Charlotte, NC and $1,642 in Spring Valley, NV. Household income is $78,438 against $72,364. 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 $100,001 buys in Spring Valley, NV
+$1 more to keep the same standard of living
Median gross rent Monthly
$1,504 $1,642 +9.2%
Median household income Annual
$78,438 $72,364 -7.7%
Median home value Owner-occupied
$351,500 $407,900 +16.0%
Rent as share of income Annual rent ÷ income
23.0% 27.2% 4.2 pp
Price level U.S. average = 100
97.0 97.0 0.0%
Salary needed for median rent Keeps rent at 30% of gross
$60,200 $65,700 +9.1%
Rent median income carries at 30% Affordable rent
$1,961 $1,809 -7.8%
Population City proper
886,283 219,913 -75.2%
Equivalent salary For $100,000 in Charlotte
$100,000 $100,001 +0.0%

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 · 9.2% below Spring Valley, NV
Higher household income
$78,438
Charlotte, NC · 8.4% above Spring Valley, NV
Same standard of living
$100,001
$100,000 in Charlotte, NC needs $100,001 in Spring Valley, NV
Price level gap
0.0 points
97.0 in NC against 97.0 in NV
Rent burden gap
4.2 points
Charlotte, NC versus Spring Valley, NV, share of income taken by rent
Highest buying power
103.1%
Charlotte, NC · share of the national average income that a dollar there buys

Charlotte, NC vs Spring Valley, NV: frequently asked questions

Is Spring Valley, NV more expensive than Charlotte, NC?

Overall prices are almost identical: a regional price level of 97.0 in Spring Valley, NV against 97.0 in Charlotte, NC.

How much do I need to earn in Spring Valley, NV to keep a $100,000 lifestyle from Charlotte, NC?

About $100,000. Adjusting $100,000 by the BEA regional price levels of the two areas (97.0 in Charlotte, NC, 97.0 in Spring Valley, NV) gives the salary with the same purchasing power. Taxes and personal spending habits are not included.

Is rent cheaper in Charlotte, NC or Spring Valley, NV?

The median gross rent is $1,504 a month in Charlotte, NC and $1,642 in Spring Valley, NV, a difference of $138 a month or $1,656 a year.

Where are household incomes higher, Charlotte, NC or Spring Valley, NV?

The median household income is $78,438 in Charlotte, NC and $72,364 in Spring Valley, NV. Rent takes 23.0% of the median income in Charlotte, NC and 27.2% in Spring Valley, NV.

What salary do I need to afford the median rent in Spring Valley, NV?

About $65,700 a year, the gross income that keeps the median rent of $1,642 a month at 30% of income. The same rule gives $60,200 in Charlotte, NC.

More comparisons with Charlotte, NC

More comparisons with Spring Valley, NV

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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 Spring Valley, NV 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 · Spring Valley, NV