Charlotte-Concord-Gastonia vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 32% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,084/mo in Charlotte-Concord-Gastonia — saving $3,180/year.
Rent by Unit Size
| Unit Size | Charlotte-Concord-Gastonia | Memphis | Difference |
|---|---|---|---|
| Studio | $724 | $560 | $164 |
| 1 Bedroom | $881 | $682 | $199 |
| 2 Bedrooms | $1,084 | $819 | $265 |
| 3 Bedrooms | $1,328 | $1,011 | $317 |
| 4 Bedrooms | $1,555 | $1,184 | $371 |
| Median Income | $63,227 | $44,652 | $18,575 |
Charlotte-Concord-Gastonia
- Studio
- $724/mo
- 1 BR
- $881/mo
- 2 BR
- $1,084/mo
- 3 BR
- $1,328/mo
- 4 BR
- $1,555/mo
- Median Income
- $63,227/yr
Memphis
- Studio
- $560/mo
- 1 BR
- $682/mo
- 2 BR
- $819/mo
- 3 BR
- $1,011/mo
- 4 BR
- $1,184/mo
- Median Income
- $44,652/yr
Frequently Asked Questions
Is Charlotte-Concord-Gastonia or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,084/mo in Charlotte-Concord-Gastonia. That's $265/mo or $3,180/year more expensive in Charlotte-Concord-Gastonia (32% higher).
What is the 2-bedroom rent in Charlotte-Concord-Gastonia vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Charlotte-Concord-Gastonia is $1,084/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Charlotte-Concord-Gastonia and Memphis?
The median household income in Charlotte-Concord-Gastonia is $63,227/year. In Memphis it is $44,652/year. Charlotte-Concord-Gastonia has the higher median income.
What is the studio rent in Charlotte-Concord-Gastonia vs Memphis?
A studio apartment Fair Market Rent in Charlotte-Concord-Gastonia is $724/mo. In Memphis it is $560/mo.