Concord vs Raleigh-Cary
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Concord is 1% cheaper for renters. A 2-bedroom rents for $1,088/mo vs $1,097/mo in Raleigh-Cary — saving $108/year.
Rent by Unit Size
| Unit Size | Concord | Raleigh-Cary | Difference |
|---|---|---|---|
| Studio | $755 | $760 | $5 |
| 1 Bedroom | $912 | $928 | $16 |
| 2 Bedrooms | $1,088 | $1,097 | $9 |
| 3 Bedrooms | $1,418 | $1,435 | $17 |
| 4 Bedrooms | $1,586 | $1,556 | $30 |
| Median Income | $53,649 | $70,678 | $17,029 |
Concord
- Studio
- $755/mo
- 1 BR
- $912/mo
- 2 BR
- $1,088/mo
- 3 BR
- $1,418/mo
- 4 BR
- $1,586/mo
- Median Income
- $53,649/yr
Raleigh-Cary
- Studio
- $760/mo
- 1 BR
- $928/mo
- 2 BR
- $1,097/mo
- 3 BR
- $1,435/mo
- 4 BR
- $1,556/mo
- Median Income
- $70,678/yr
Frequently Asked Questions
Is Concord or Raleigh-Cary cheaper to rent in?
Concord is cheaper — a 2-bedroom Fair Market Rent is $1,088/mo vs $1,097/mo in Raleigh-Cary. That's $9/mo or $108/year more expensive in Raleigh-Cary (1% higher).
What is the 2-bedroom rent in Concord vs Raleigh-Cary?
The HUD Fair Market Rent for a 2-bedroom in Concord is $1,088/month. In Raleigh-Cary, a 2-bedroom FMR is $1,097/month.
How do incomes compare between Concord and Raleigh-Cary?
The median household income in Concord is $53,649/year. In Raleigh-Cary it is $70,678/year. Raleigh-Cary has the higher median income.
What is the studio rent in Concord vs Raleigh-Cary?
A studio apartment Fair Market Rent in Concord is $755/mo. In Raleigh-Cary it is $760/mo.