Charlotte-Concord-Gastonia vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 6% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,084/mo in Charlotte-Concord-Gastonia — saving $756/year.
Rent by Unit Size
| Unit Size | Charlotte-Concord-Gastonia | Richmond | Difference |
|---|---|---|---|
| Studio | $724 | $669 | $55 |
| 1 Bedroom | $881 | $842 | $39 |
| 2 Bedrooms | $1,084 | $1,021 | $63 |
| 3 Bedrooms | $1,328 | $1,317 | $11 |
| 4 Bedrooms | $1,555 | $1,453 | $102 |
| Median Income | $63,227 | $69,914 | $6,687 |
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
Richmond
- Studio
- $669/mo
- 1 BR
- $842/mo
- 2 BR
- $1,021/mo
- 3 BR
- $1,317/mo
- 4 BR
- $1,453/mo
- Median Income
- $69,914/yr
Frequently Asked Questions
Is Charlotte-Concord-Gastonia or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,084/mo in Charlotte-Concord-Gastonia. That's $63/mo or $756/year more expensive in Charlotte-Concord-Gastonia (6% higher).
What is the 2-bedroom rent in Charlotte-Concord-Gastonia vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Charlotte-Concord-Gastonia is $1,084/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Charlotte-Concord-Gastonia and Richmond?
The median household income in Charlotte-Concord-Gastonia is $63,227/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Charlotte-Concord-Gastonia vs Richmond?
A studio apartment Fair Market Rent in Charlotte-Concord-Gastonia is $724/mo. In Richmond it is $669/mo.