Quick answer
Overall prices in the Charlotte, NC metro were 97.3 vs 97.9 in Richmond, VA in 2024 (US = 100), so Charlotte is 0.5% less expensive than Richmond; housing rents differ by 2% (97.6 vs 99.1). A $75,000 income in Charlotte buys about what $75,393 buys in Richmond, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Charlotte | Richmond | Charlotte vs Richmond |
|---|---|---|---|
| All items | 97.3 | 97.9 | -0.5% |
| Goods | 96.6 | 96.8 | -0.2% |
| Housing (rents) | 97.6 | 99.1 | -1.5% |
| Utilities | 89.2 | 89.2 | -0.1% |
| Other services | 98.2 | 98.6 | -0.4% |
| All items, 2008 | 95.3 | 98.1 | -2.9% |
| $50,000 in Charlotte equals in Richmond | $50,262 | ||
| $100,000 in Charlotte equals in Richmond | $100,524 | ||
| $150,000 in Charlotte equals in Richmond | $150,786 |
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Last updated 2026-10-16. Data only, not financial or tax advice.