The cost of a monthly transit pass in Charlotte, NC is around $88.00. Items on which the index is based have been carefully chosen to reflect the different categories of consumer expenditures., C2ER was founded in 1961, and continues to exist today as a nonprofit organization, comprising research staff of chambers of commerce, economic development organizations and agencies, and related organizations throughout the United States. C2ER has published its quarterly Cost of Living Index since 1968. Pre-qualified offers are not binding. There are so many reasons to love both cities; it's hard to go wrong with either choice. Please consider telling us about your city. The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. Here is a list of our partners. Since there are football, baseball, basketball, hockey teams, you can go to a lot of games. Whether you use a cost of living index or a cost of living calculator, each will help you feel more confident in deciding where to live. For example, the cost of an unlimited MetroCard in New York was obtained from the. A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Dallas falls behind Charlotte as the 21st most congested city in the U.S., with residents spending about 76 hours per year sitting in traffic. Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood.For homeowners, there are more expenses to consider than just the monthly mortgage payment. Charlottes architectural style tends to lean more towards Mid-Century Modern, Craftsman, and European (Primarily Victorian and Italianate). The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. Price collection by city is conducted in strict conformance with standard specifications at specified times. The same type of job in the same type of company in Dallas, TX will typically pay $61,021 . Coming up with the cash for a down payment is the biggest roadblock for most home buyers. Cities ranked 463rd and 271st ( $2038 vs $2268) in the list of the most expensive cities in the world and ranked 365th and 211th in the United States. It provides a decent comparison, but it is not yet reliable. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. The Charlotte metropolitan area's population ranks 22nd in the U.S., and had a 2016 population of 2,474,314. Copyright 2009-2023 Numbeo. The median property tax in North Carolina is $1,209 per year for a home worth the median value of $155,500. When evaluating offers, please review the financial institutions Terms and Conditions. The cost of living in Charlotte is 10% less expensive than in Dallas. This information may be different than what you see when you visit a financial institution, service provider or specific products site. - Charlotte housing costs are 16.0% more expensive than Dallas housing costs. Rent in Dallas tends to be cheaper as well, with average rent in Dallas falling around $1,239 per month versus $1,459 in Charlotte. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.9 months in Houston. But even then, the price of groceries is going to significantly influence your cost of living. Hopefully you will have a smooth commute in Charlotte, North Carolina, but be prepared for delays. Cities ranked 106th and 197th ($2680 vs $2489) in the list of the most expensive cities in the world and ranked 88th and 149th in the United States. If you prefer to download the image, please credit us as a source. Since he has 2 children, he needs to have a large apartment. This price can vary a lot if the distance is greater and depending on how much is being moved. Walkability and public transit scores were obtained from, Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. But even then, the price of groceries is going to significantly influence your cost of living. All financial products, shopping products and services are presented without warranty. Here's how to know how much you really need. You would have to earn a salary of $57,384 to maintain your current standard of living. Use the link below to embed the infographic from our site and automatically keep the data layer up to date. A cost of living index allows you to directly compare what it costs to live in one area against another, helping you understand how far your money can go in each place. The cost of living in Dallas is higher than in Charlotte. Our partners cannot pay us to guarantee favorable reviews of their products or services. Choosing the right mortgage can help make your home buying journey easier and more affordable. Dallas Housing Options Homes For Sale New Homes Most Expensive Homes Charlotte Housing Options Homes For Sale Lowest Priced Homes There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Why bother to move stuff that you do not even use! NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. The cost of living calculated as a consumer basket for a moderate lifestyle in developed countries and thus might seem too high for some least developed countries where maintaining such a standard of living is expensive. Walkability and public transit scores were obtained from, Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. than your current city. Cities ranked 463rd and 643rd ( $2038 vs $1955) in the list of the most expensive cities in the world and ranked 365th and 526th in the United States. (5 miles), Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands), Short visit to private doctor (15 minutes), Standard men's haircut in expat area of the city, Basic dinner out for two in neighborhood pub, 2 tickets to the theater (best available seats), Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert, 1 beer in neighbourhood pub (500ml or 1pt. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. The cost of living in Dallas, TX is -4.4% lower than in Charlotte, NC. For example, the cost of living in San Francisco is twice that of Boise, Idaho. But even then, the price of groceries is going to significantly influence your cost of living. Mecklenburg County, where Charlotte is located, 62.3% voted Democratin the 2016 presidential election,32.9% voted Republican, and the remaining4.8% voted Independent. If you plan to drive to work, also do some research on average traffic in your destination town or city. Dallas doesnt have state taxes but property taxes are said to be huge! living and what salary youll need to make in order to reach that standard. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Transportation tends to cost 0.11% According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. When evaluating offers, please review the financial institutions Terms and Conditions. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). Pricing for various packages can vary a lot even in the same location. knowledge handy before you move can help set expectations or help you decide to move somewhere else. Charlotte, North Carolina (United States). And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. Shopping there can considerably reduce, If you love sports, you will love Dallas, TX! Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. Furnished accommodation in EXPENSIVE area. from Charlotte, NC with a salary of $60,000, View Minimum Wage Values in Charlotte and Dallas Compared with the Cost of Living. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. According to the latest BLS data, consumers average over $7,000 per year on food expenses. Privacy Policy. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Sports fans will prefer Dallas, whereas NASCAR fans will prefer Charlotte. Cost of Living Indexes: Charlotte, NC: Dallas, TX: Difference: Overall Index: Homeowner, No Child care, Taxes Not . Weekly trips to the grocery store can add up, especially if food costs are high where you live. Crowdsourced data is a vital part of the Internet, help us become better! Because the price of goods and services varies from one city to the next, calculating the cost of living will determine how affordable it is to live in a certain area. 31 nationally. $1,447. Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. for both cities are included in the chart below: Both Dallas and Charlotte are predominantly liberal. Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area. When I compare Dallas to Charlotte in regards to cost of living. It is possible that electric rates may fluctuate depending on consumption rates, government regulations and even the weather. Here are two important questions and the numbers to you will need to answer those questions: How much more or less will it cost to live in the new city? Rent contributes to a large part of the overall, Looks for areas of Charlotte, North Carolina where there is a large student population. Hopefully you will have a smooth commute in Charlotte, North Carolina, but be prepared for delays. It is based on 931 prices entered by 96 different people. This is less expensive than the median home price in Charlotte, which is $265,000. So, without further ado, let's dive into the similarities and differences between these two cities: The saying goes that everything is bigger in Texas, and Dallas is certainly no exception. Just to put that into perspective, Manhattan has an overall score of 238, Seattle has an overall score of 159, Boston has an overall score of 153, and Los Angeles has an overall score of 148. lower lower in Charlotte, This price can vary a lot if the distance is greater and depending on how much is being moved. To maintain your standard of living in Charlotte, NC, you'll need a household income of: The cost of living is 7% lower in Charlotte, NC. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Employers in Houston, TX typically pay 4.6% more than employeers in Charlotte, NC. How is this tool different from other resources out there? Weekly trips to the grocery store can add up, especially if food costs are high where you live. North Carolina counties collect an average of 0.78 percent of property's estimated fair market value as property tax. Just to put that into perspective, Manhattan has an overall score of 238, Seattle has an overall score of 159, Boston has an overall score of 153, and Los Angeles has an overall score of 148. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Both Dallas and Charlotte boast a well-educated population, with around 42 percent of those in Charlotte having graduated college and about a third in Dallas. This is primarily due to Dallas incorporating better city planning, as their highway systems are intelligently designed, and surface streets are often designed in grids. and accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. We believe everyone should be able to make financial decisions with confidence. How To Find The Cheapest Travel Insurance. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Diff. How much more or less will pay for the same or similar job be in the new city? For example, the cost of an unlimited MetroCard in New York was obtained from the. This one is a toss-up because it depends on what matters more to you. The average time for commuting in Charlotte is 38.02 minutes. You could eat out less, cut back on takeout and cook more often. As a result, Dallas has a larger population than Charlotte, totaling about 1.3 million people, whereas Charlotte's population is approximately 850,000 people. Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood.For homeowners, there are more expenses to consider than just the monthly mortgage payment. You could be looking at a positive net change in disposable income. The weather in Charlotte is ideal. One of the most important aspects to a good quality of life is good healthcare. Thinking about moving to another city? If you are looking for an experienced real estate agent in Dallas to help guide you through your search. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1 lb) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment, 1 min. View future changes in the minimum wage in your location by visiting, If you move from Chicago IL, Dallas, TX, or Miami, FL, the percent increase of your, If you move from New York, NY, San Francisco, CA, or Washington, DC, the percent reduction of your. analyzes the cost of living differences between Charlotte and Dallas based on five categories: grocery, healthcare, housing, miscellaneous, transportation, and utilities. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. You could eat out less, cut back on takeout and cook more often. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. A crowdsourced database with a cost of living calculator for prices comparison in 9294 cities in 197 countries all over the world. One tip to reduce this cost and your overall, The average cost of moving to another state is around $5,600 for a distance of 1,200 miles. Dallas Housing Options Homes For Sale New Homes Most Expensive Homes NC. Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. and accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. While other resources provide basic cost comparisons. Since groceries are an essential part of you, I love basketball. Get your true budget and find a home with ease. You should factor this commuting time into your overall. Overall, the time and ease of your driving times will impact your. The biggest factors in any move are the standard of That's probably because we're measuring average costs for the larger metro area, not just the city limits. It is comprised of nearly 100,000 data points gathered primarily by C2ER members located in 400 cities.. You will enjoy living in Charlotte, North Carolina. Located in the Piedmont, it is the county seat of Mecklenburg County. The median property tax in Teas is $2,275 per year for a home worth the median value of $125,800. The sales tax for Charlotte is 4.75%. The only thing between you and that home is With the ever-rising popularity and low cost of living in both. Charlottes architectural style tends to lean more towards Mid-Century Modern, Craftsman, and European (Primarily Victorian and Italianate). For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. When evaluating offers, please review the financial institutions Terms and Conditions. Terms of Use and And it adds up. In those areas you will be sure to find lots of free or cheap events to go to and plenty of cheap places to eat. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. The cost of living in Charlotte is 4% more expensive than in Houston. This is the tax that you will pay on things that you buy. All financial products, shopping products and services are presented without warranty. This price can vary a lot if the distance is greater and depending on how much is being moved. Don't hesitate to reach out if you are contemplating moving and have any questions! To maintain your standard of living in Charlotte, NC, you'll need a household income of: $67,318 The cost of living is 3.98% lower in Charlotte, NC The total income needed is $2,682. ), 1 min. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. NC, you'll need a Our cost of living calculator will help you figure out if your move will work for your budget and salary. The federal minimum wage is $7.25 per hour while North Carolina's state law sets the minimum wage rate at $7.25 per hour in 2023. Before you get the keys to your new home, you'll have to pay closing costs. Consider the miscellaneous category the catch-all for all other expenses, like the price of groceries, office supplies, clothing, vet services and more. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Familiarize yourself with the places where students hang out, and take advantage of discounted or bargain prices, you are sure to be able to keep your. To get the best mortgage loan, know how much you can afford and shop like the bargain hunter you are. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. Read more from, Some stores like Kroger offer frequent discounts or loyalty programs that can save you even more at the checkout. There are ways to trim that down. Ask your employer if they offer discounted passes to save even more money and reduce your cost of commuting and overall. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. While other resources provide basic cost comparisons,NerdWallets cost of living calculatorand accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. Cities ranked 463rd and 71st ( $2038 vs $2729) in the list of the most expensive cities in the world and ranked 365th and 59th in the United States. Disclaimer: NerdWallet strives to keep its information accurate and up to date. NerdWallet strives to keep its information accurate and up to date. from the Council for Community and Economic Research. Price collection by city is conducted in strict conformance with standard specifications at specified times. Proximity to employment is an important consideration because it can drastically impact your cost of living. What is the breakdown of the cost of living? With the ever-rising popularity and low cost of living in both Charlotte and Dallas, I am frequently asked how the two cities compare. 2023 Compare Cities Cost of Living: Dallas, TX vs Charlotte, NC Change Cities Highlights Charlotte is 1.3% less expensive than Dallas. How is this tool different from other resources out there? Both Dallas and Charlotte feature warm climates, with humid summers and mild winters. This is the tax that you will pay on things that you buy. With that being said, Charlotte has a significant traffic problem, ranking as the 16th most highly congested city in the United States. The quote I got was on a 300k home in Dallas, it would cost about 7k in property taxes. Charlotte, NC vs Dallas, TX, Copyright 2009-2023 Numbeo. According to the council, C2ER produces the Cost of Living Index to provide a useful and reasonably accurate measure of living cost differences among urban areas. Dallas is larger in size and slightly cheaper of the two surely is tempting. While other resources provide basic cost comparisons. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Compare Cities Based on data collected by NOAA National Climatic Data Center, Dallas is considered to have one of the most favorable climates in the country based on comfort and number of days with clear skies. WolframAlpha's cost of living index analyzes the cost of living differences between Charlotte and Dallas based on five categories: grocery, healthcare, housing, miscellaneous, transportation, and utilities. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. According to the latest BLS data, consumers average over $7,000 per year on food expenses. Make sure you include these moving costs into the overall. Charlotte, NC. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. With that being said, Charlotte has a significant traffic problem, ranking as the 16th most highly congested city in the United States. These prices were last updated on March 04, 2023. Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood.For homeowners, there are more expenses to consider than just the monthly mortgage payment. The cost of living in Houston, TX is -9.6% lower than in Charlotte, NC. The annual median price of a home in Dallas is $175,600. In terms of space, Dallas is larger than Charlotte, measuring out at 385 square miles compared to Charlotte's 298 square miles. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. Pre-qualified offers are not binding. household income. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). According to this analysis, Charlotte is slightly more affordable, offering cheaper housing and utility bills. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. Once you understand what they cover, they'll look less overwhelming. View all the prices in Charlotte, North Carolina: Detailed prices in Charlotte, North Carolina >>, Basic lunchtime menu (including a drink) in the business district, Combo meal in fast food restaurant (big mac meal or similar), 500 gr (1 lb.) Once you understand what they cover, they'll look less overwhelming. Source: Wikipedia (as of 04/11/2019). The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. Otherhand charlotte has other benefits. Whether you use a cost of living index or a cost of living calculator, each will help you feel more confident in deciding where to live. Charlotte is snowier than Dallas, with an average of 4.3 inches of snow per year, whereas Dallas only sees about 1.2 inches of snow per year. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Charlotte (/rlt/) is the most populous city in the U.S. state of North Carolina. Ideally, youll find that you can afford the cost of living in your new destination, but having that In. 30.04% lower population density? The total income needed is $2,682 Do these housing costs seem low to you? 22% lower. Expatistan is a collaborative effort. Get matched with a top agent in your area. The cost of living in Charlotte is 25% less expensive than in Miami. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. While Charlotte's metro area is smaller than in Dallas, both cities have experienced significant growth in the past decade. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. Charlotte, North Carolina. You may find that after you move, you will need to purchase many new items for the new location, for example, window coverings, rugs, lighting, and outdoor gear. It is important to note that a score of 100 represents the average cost of that category in the United States, and these metrics are based on Q1 2019 data. Walkability and public transit scores were obtained fromWalk Score. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Our partners compensate us. > Our partners compensate us. In contrast to Dallas, just under half of Charlotte households rent. There are ways to trim that down. Privacy Policy. Both Dallas and Charlotte share some characteristics in that they offer warm temperatures with mild winters, a lower cost of living compared to other major cities, and other similarities. I can understand why these places are in demand. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Copyright 2009-2023 Numbeo. How to Get Preapproved for a Mortgage and Why It Matters. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.4 months in Dallas. However, there are of course several differences as well. The average time for commuting in Charlotte is 38.02 minutes. How to Get Preapproved for a Mortgage and Why It Matters. In 2017, the U.S. Census Bureau estimated the population was 859,035, making it the 17th-most populous city in the United States. In the 2016 presidential election, 60.2% of individuals in Dallas County voted Democrat, 34.3% voted Republican, and the remaining 5.4% voted Independent.