City comparison
Albuquerque, NM vs Charlotte, NC
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in Charlotte, NC are 1.9% higher than in Albuquerque, NM. Someone earning $100,000 in Albuquerque, NM would need about $101,900 in Charlotte, NC to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $1,538 a month in Charlotte, NC versus $1,185 in Albuquerque, NM. On $100,000, that's 24% of take-home pay in Charlotte, NC and 19% in Albuquerque, NM.
- Estimated state income tax on $100,000 is close: $3,569 a year in NM and $3,481 in NC.
- For federal employees, locality pay changes a GS-13 step 1 salary by +1.1% moving from Albuquerque, NM to Charlotte, NC ($107,592 → $108,810), while prices change by +1.9%. Net effect of the transfer: −0.7% in real buying power.
- Albuquerque, NM: price level 95.5 (cheaper)
- Charlotte, NC: price level 97.3 (cheaper)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Albuquerque, NM | Charlotte, NC | |
|---|---|---|
| Price level (U.S. = 100)2 | 95.5 | 97.3 |
| $100,000 is worth, in the other city2 | $101,886 in Charlotte | $98,149 in Albuquerque |
| Typical 1-bedroom rent3 | $1,185/mo | $1,538/mo |
| Take-home on $100,00014,15,8 | $75,611 | $75,699 |
| State income tax on $100,000 (estimate)8 | $3,569 (NM) | $3,481 (NC) |
| Rent burden on $100,000 | 19% | 24% |
| Median pay, all jobs4 | $48,060 | $49,990 |
| Federal locality pay area7 | Albuquerque-Santa Fe-Las Vegas, NM | Charlotte-Concord, NC-SC |
Rent areas: Albuquerque, NM MSA and Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area. Metro areas: Albuquerque, NM and Charlotte-Concord-Gastonia, NC-SC.
What costs more or less
| Price level (U.S. = 100) | Albuquerque | Charlotte |
|---|---|---|
| Housing (rent) | 89.2 | 97.6 |
| Goods | 96.1 | 96.6 |
| Utilities | 77.9 | 89.2 |
| Other services | 98.5 | 98.2 |
| Overall | 95.5 | 97.3 |
Moving with the same $100,000 salary
Albuquerque, NM → Charlotte, NC
Roughly even
Buying power −1.9%; rent takes 24% of take-home; state tax −$88/yr.
63 Fair offer
Charlotte, NC → Albuquerque, NM
Roughly even
Buying power +1.9%; rent takes 19% of take-home; state tax +$88/yr.
75 Strong offer
On the GS pay scale?
Albuquerque, NM is in the Albuquerque-Santa Fe-Las Vegas, NM pay area; Charlotte, NC is in Charlotte-Concord, NC-SC. The last column shows what a transfer from Albuquerque, NM to Charlotte, NC at the same grade and step does to real buying power.
| Grade5,2 | Albuquerque, NM | Charlotte, NC | Real change, Albuquerque → Charlotte |
|---|---|---|---|
| GS-9 step 1 | $62,392 | $63,098 | −0.7% |
| GS-11 step 1 | $75,489 | $76,343 | −0.7% |
| GS-12 step 1 | $90,479 | $91,503 | −0.7% |
| GS-13 step 1 | $107,592 | $108,810 | −0.7% |
| GS-14 step 1 | $127,141 | $128,581 | −0.7% |
Pay for common jobs
| Median annual pay4 | Albuquerque, NM | Charlotte, NC | Charlotte pay in Albuquerque dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $75,520 | $58,680 | $57,594 (−23.7%) |
| Software Developers | $123,700 | $135,920 | $133,404 (+7.8%) |
| Accountants and Auditors | $79,880 | $92,910 | $91,190 (+14.2%) |
| Registered Nurses | $96,040 | $90,620 | $88,943 (−7.4%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.