Charlotte-Concord-Gastonia vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 41% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,084/mo in Charlotte-Concord-Gastonia — saving $3,768/year.
Rent by Unit Size
| Unit Size | Charlotte-Concord-Gastonia | Waco | Difference |
|---|---|---|---|
| Studio | $724 | $530 | $194 |
| 1 Bedroom | $881 | $629 | $252 |
| 2 Bedrooms | $1,084 | $770 | $314 |
| 3 Bedrooms | $1,328 | $988 | $340 |
| 4 Bedrooms | $1,555 | $1,119 | $436 |
| Median Income | $63,227 | $40,886 | $22,341 |
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
Waco
- Studio
- $530/mo
- 1 BR
- $629/mo
- 2 BR
- $770/mo
- 3 BR
- $988/mo
- 4 BR
- $1,119/mo
- Median Income
- $40,886/yr
Frequently Asked Questions
Is Charlotte-Concord-Gastonia or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,084/mo in Charlotte-Concord-Gastonia. That's $314/mo or $3,768/year more expensive in Charlotte-Concord-Gastonia (41% higher).
What is the 2-bedroom rent in Charlotte-Concord-Gastonia vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Charlotte-Concord-Gastonia is $1,084/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Charlotte-Concord-Gastonia and Waco?
The median household income in Charlotte-Concord-Gastonia is $63,227/year. In Waco it is $40,886/year. Charlotte-Concord-Gastonia has the higher median income.
What is the studio rent in Charlotte-Concord-Gastonia vs Waco?
A studio apartment Fair Market Rent in Charlotte-Concord-Gastonia is $724/mo. In Waco it is $530/mo.