Charlotte-Concord-Gastonia vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 30% cheaper for renters. A 2-bedroom rents for $837/mo vs $1,084/mo in Charlotte-Concord-Gastonia — saving $2,964/year.
Rent by Unit Size
| Unit Size | Charlotte-Concord-Gastonia | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $724 | $544 | $180 |
| 1 Bedroom | $881 | $672 | $209 |
| 2 Bedrooms | $1,084 | $837 | $247 |
| 3 Bedrooms | $1,328 | $1,012 | $316 |
| 4 Bedrooms | $1,555 | $1,129 | $426 |
| Median Income | $63,227 | $55,443 | $7,784 |
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
Sioux Falls
- Studio
- $544/mo
- 1 BR
- $672/mo
- 2 BR
- $837/mo
- 3 BR
- $1,012/mo
- 4 BR
- $1,129/mo
- Median Income
- $55,443/yr
Frequently Asked Questions
Is Charlotte-Concord-Gastonia or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $1,084/mo in Charlotte-Concord-Gastonia. That's $247/mo or $2,964/year more expensive in Charlotte-Concord-Gastonia (30% higher).
What is the 2-bedroom rent in Charlotte-Concord-Gastonia vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Charlotte-Concord-Gastonia is $1,084/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Charlotte-Concord-Gastonia and Sioux Falls?
The median household income in Charlotte-Concord-Gastonia is $63,227/year. In Sioux Falls it is $55,443/year. Charlotte-Concord-Gastonia has the higher median income.
What is the studio rent in Charlotte-Concord-Gastonia vs Sioux Falls?
A studio apartment Fair Market Rent in Charlotte-Concord-Gastonia is $724/mo. In Sioux Falls it is $544/mo.