Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. The cost of living in Charlotte is 10% less expensive than in Dallas. One of the most important aspects to a good quality of life is good healthcare. Get free guidance on changes you can make to afford more home, without spending more. Both cities offer great nightlife and entertainment while also providing an affordable, comfortable place to raise a family. The weather in Charlotte is ideal. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. 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. Located in the Piedmont, it is the county seat of Mecklenburg County. living and what salary youll need to make in order to reach that standard. The cost of living in Houston, TX is -9.6% lower than in Charlotte, NC. You will enjoy living in Charlotte, North Carolina. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). NerdWallet strives to keep its information accurate and up to date. However, there are of course several differences as well. There are ways to trim that down. $2,318. Pricing for various packages can vary a lot even in the same location. Significantly more people own a home in Dallas rather than rent, which makes sense given the affordable median cost of homes in the area. Looks like this move could have a negative net change in disposable income. It's challenging to find a city that offers a great quality of life, convenience, and affordability and Dallas and Charlotte offer all of that and more. Comparisons improve with every new data that you enter. When evaluating offers, please review the financial institutions Terms and Conditions. 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. 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. Median 2-bedroom apartment rent. The cost of living is 4% lower in Charlotte, NC. A low rate can save you hundreds each year. NC, you'll need a 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. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Austin, TX. 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. For example, the cost of an unlimited MetroCard in New York was obtained from the. But even then, the price of groceries is going to significantly influence your cost of living. Thinking about moving to another city? One tip to reduce this cost and your overall, Even if you are moving within your current state, the cost of moving could be over $1,000 depending on the city, what you are moving, and how much professional help you hire. 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. The time you spend commuting is time you do not have to do other things, so it is valuable. Get matched with a top agent in your area. In Mecklenburg County, where Charlotte is located, 62.3% voted Democratin the 2016 presidential election,32.9% voted Republican, and the remaining4.8% voted Independent. 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. In Charlotte, North Carolina I go to a lot of Charlotte Hornets games. While Charlotte's metro area is smaller than in Dallas, both cities have experienced significant growth in the past decade. 2023 Compare Cities Cost of Living: Dallas, TX vs Charlotte, NC Change Cities Highlights Charlotte is 1.3% less expensive than Dallas. Using these numbers, we calculated the net change in annual disposable income that a move to the new city will have on your wallet and lifestyle. Once you understand what they cover, they'll look less overwhelming. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. In 2017, the U.S. Census Bureau estimated the population was 859,035, making it the 17th-most populous city in the United States. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. 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. Even if your employer is covering the cost of a move, there will still be costs that are not covered. The weather in Dallas is ideal. Hopefully you will have a smooth commute in Charlotte, North Carolina, but be prepared for delays. Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. Some colleges and universities with Childhood Education programs also may have day care centers available at reduced costs, so you should explore those possibilities to see if you can reduce your child care expense. That's probably because we're measuring average costs for the larger metro area, not just the city limits. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Jeff may be reached directly at [emailprotected], Both the advantages of Dallas and Charlotte is explained beautifully in here. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. How To Find The Cheapest Travel Insurance. The cost of living in Dallas is higher than in Charlotte. According to the latest BLS data, consumers average over $7,000 per year on food expenses. 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. This is the tax that you will pay on things that you buy. The average time for commuting in Charlotte is 38.02 minutes. 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.) Charlotte, NC. The median property tax in North Carolina is $1,209 per year for a home worth the median value of $155,500. A salary of $189,000 in Charlotte, North Carolina should increase to $191,464 in Dallas, Texas . A cost that typically occurs is that your existing furniture and accessories are either too large, too small, or not appropriate for your new home. Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. How much more or less will pay for the same or similar job be in the new city? knowledge handy before you move can help set expectations or help you decide to move somewhere else. See Charlotte's complete City Life page. 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. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. While I understand the big box, national portal sites like Zillow, Trulia, & Realtor.com are popular with consumers, you You might be closer to buying the home of your dreams than you think. - The average commute for residents of Charlotte is 1.5 minutes shorter than it is for residents of Dallas. 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. When evaluating offers, please review the financial institutions Terms and Conditions. This information may be different than what you see when you visit a financial institution, service provider or specific products site. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Our partners cannot pay us to guarantee favorable reviews of their products or services. Planning a move to another town, city or state? 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. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. Dallas doesnt have state taxes but property taxes are said to be huge! According to the latest BLS data, consumers average over $7,000 per year on food expenses. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. What is the breakdown of the cost of living? Ask your employer if they offer discounted passes to save even more money and reduce your cost of commuting and overall, View Minimum Wage Values in Dallas and Charlotte Compared with the Cost of Living. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. Cost of Living Indexes: Charlotte, NC: Dallas, TX: Difference: Overall Index: Homeowner, No Child care, Taxes Not . 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. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. The sales tax for Charlotte is 4.75%. 2023 Forbes Media LLC. Dallasites are incredibly passionate about sports, especially considering the Dallas Cowboys home games are one of the most highly attended sports events in the United States. However, there are of course several differences as well. This assumes net earnings (after income tax). 31 nationally. lower $1,447. Have a yard sale or find a local charitable organization and donate items you no longer use. To maintain your standard of living in Dallas, TX, you'll need a household income of: The cost of living is 7% higher in Dallas, TX. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ), Price per Square Feet to Buy Apartment in City Centre, Price per Square Feet to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate. Jeff was initially licensed in 2004 and has held a Texas Real Estate Broker's License since 2009. Dallas Housing Options Homes For Sale New Homes Most Expensive Homes Charlotte Housing Options Homes For Sale Lowest Priced Homes The cost of living in Charlotte is 8% more expensive than in Dallas. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. 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. Employers in Houston, TX typically pay 4.6% more than employeers in Charlotte, NC. 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. 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. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.4 months in Dallas. Energy costs in Charlotte,NC are generally going up. In terms of architectural style, Dallas features mostly Mediterranean or Ranch style homes. That's probably because we're measuring average costs for the larger metro area, not just the city limits. The cost of living in Dallas, TX is -4.4% lower than in Charlotte, NC. Dallas, Texas Charlotte, North Carolina Comparison Cost of living in Dallas, Texas (United States) is 11% more expensive than in Charlotte, North Carolina (United States) We need your help! This is less expensive than the median home price in Charlotte, which is $265,000. Dallas Housing Options Homes For Sale New Homes Most Expensive Homes Cost of Living Comparison Between Dallas, TXand Charlotte, NC You would need around 6,466.9$in Charlotte, NCto maintain the same standard of life that you can have with 6,000.0$ This calculation uses our Cost of Living Plus Rent Index to compare cost of living. lower in Charlotte, from the Council for Community and Economic Research. This price can vary a lot if the distance is greater and depending on how much is being moved. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Make sure you budget for these types of expenses and include them in the first years, The current electric rate cost in Charlotte,NC is 11.07 / kWh, which is up compared to the rest of the United States. 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. Price collection by city is conducted in strict conformance with standard specifications at specified times. Don't hesitate to reach out if you are contemplating moving and have any questions! Tell us your opinion about traffic in Dallas, TX. 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. Copyright 2009-2023 Numbeo. It is possible that electric rates may fluctuate depending on consumption rates, government regulations and even the weather. 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. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Your use of this service is subject to our > Especially with the New Year upon us, you may be contemplating a move or want to weigh the pros and cons of both areas. 30.04% lower population density? To get the best mortgage loan, know how much you can afford and shop like the bargain hunter you are. The sales tax for Dallas is 6.25%. The cost of living in Charlotte, NC is 3.98% 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. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Walkability and public transit scores were obtained fromWalk Score. Both Dallas and Charlotte feature warm climates, with humid summers and mild winters. All financial products, shopping products and services are presented without warranty. 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. Our partners cannot pay us to guarantee favorable reviews of their products or services. 950 people/km vs 1358 people/km 16.00$ cheaper monthly public transport ticket? Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. If you prefer to download the image, please credit us as a source. Due to the plethora of state taxes, local taxes, jurisdictions and assessment procedures involved in the assessment of income, property and sales taxes, local tax rates cannot be accurately calculated. Housing Costs. 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. Here is a list of our partners. 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. of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ), Price per Square Meter to Buy Apartment in City Centre, Price per Square Meter to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate. ), 1 min. 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. The average time for commuting in Charlotte is 38.02 minutes. There are ways to trim that down. Overall, the time and ease of your driving times will impact your. 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. 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. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. Our partners compensate us. from the Council for Community and Economic Research. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Ideally, youll find that you can afford the cost of living in your new destination, but having that The sales tax for Charlotte is 4.75%. Another question that is independant of my questions earlier are opinions on the housing market. NerdWallet strives to keep its information accurate and up to date. 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.