Charlotte, NC vs Farmington, NM
Cost of Living Comparison
Farmington, NM is more affordable by 9.6 index points
Side-by-Side Comparison
| Category | Charlotte, NC | Farmington, NM | Difference |
|---|---|---|---|
| Overall | 97.3 | 87.7 | +9.6 |
| Housing | 97.6 | 56.6 | +41.1 |
| Goods | 96.6 | 96.1 | +0.4 |
| Utilities | 89.2 | 77.9 | +11.3 |
| Other Services | 98.2 | 98.5 | -0.3 |
Income & Housing Comparison
| Metric | Charlotte, NC | Farmington, NM |
|---|---|---|
| Median Household Income | $76,177 | $50,734 |
| Median Home Value | $283,000 | $170,700 |
| Median Monthly Rent | $1,279 | $894 |
| Per Capita Income | $42,735 | $25,008 |
Frequently Asked Questions
Is Charlotte, NC or Farmington, NM cheaper to live in?
Farmington, NM is more affordable. The cost of living difference is 9.6 index points (Charlotte, NC: 97.3, Farmington, NM: 87.7).
Where is housing cheaper, Charlotte, NC or Farmington, NM?
Housing is more affordable in Farmington, NM. Housing index: Charlotte, NC (97.6) vs Farmington, NM (56.6).