lower in Charlotte, The federal minimum wage is $7.25 per hour while North Carolina's state law sets the minimum wage rate at $7.25 per hour in 2023. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. Your use of this service is subject to our, Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1kg) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, 1 min. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Here is a list of our partners. 2.20$ vs 3.25$ 4.7C lower average minimum temperature? One of the most important aspects to a good quality of life is good healthcare. The cost of living in Charlotte is 8% more expensive than in Dallas. Ranked 52nd vs 23rd best cities to live in the United States, and 195th vs 104th among the best cities to live in the world. Housing in Charlotte, North Carolina (United States) is 28% cheaper than in Dallas, Texas (United States) Update prices. This price can vary a lot if the distance is greater and depending on how much is being moved. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). higher. You could eat out less, cut back on takeout and cook more often. Corresponding graduation rates for both cities are included in the chart below: Both Dallas and Charlotte are predominantly liberal. And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. This can vary depending on the time of day, day of week, and the weather and road conditions. Do these housing costs seem low to you? All financial products, shopping products and services are presented without warranty. 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. (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. lower Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. 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. - Charlotte housing costs are 16.0% more expensive than Dallas housing costs. Your use of this service is subject to our If the weather is bad, commute time can double! One of most important determinations you need to make before moving to a new city or town is how much it will cost to live there. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. For example, the cost of an unlimited MetroCard in New York was obtained from the. There are ways to trim that down. 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 Median Age is 1.4 years older in Charlotte. How does Charlotte compare to Dallas? Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. analyzes the cost of living differences between Charlotte and Dallas based on five categories: grocery, healthcare, housing, miscellaneous, transportation, and utilities. So how do we make money? Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. The median property tax in Teas is $2,275 per year for a home worth the median value of $125,800. 110$ billion vs 58$ billion 1.05$ lower cost of one single transportation ticket? 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. 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. In 2017, the U.S. Census Bureau estimated the population was 859,035, making it the 17th-most populous city in the United States. 2023 Forbes Media LLC. You could eat out less, cut back on takeout and cook more often. How is this tool different from other resources out there? Our partners cannot pay us to guarantee favorable reviews of their products or services. The average after-tax salary is enough to cover living expenses for 1.8 months in Charlotte compared to 2.2 months in Dallas. The cost of living in Dallas is higher than in Charlotte. 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. The median property tax in North Carolina is $1,209 per year for a home worth the median value of $155,500. 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 strives to keep its information accurate and up to date. When evaluating offers, please review the financial institutions Terms and Conditions. With the ever-rising popularity and low cost of living in both Charlotte and Dallas, I am frequently asked how the two cities compare. The Charlotte metropolitan area is part of a sixteen-county market region or combined statistical area with a 2016 census-estimated population of 2,632,249. You would have to earn a salary of $57,384 to maintain your current standard of living. Don't hesitate to reach out if you are contemplating moving and have any questions! Copyright 2009-2023 Numbeo. Pre-qualified offers are not binding. 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. Price collection by city is conducted in strict conformance with standard specifications at specified times. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Both Dallas and Charlotte are large cities that require a car to get around. Make sure you include these moving costs into the overall. In terms of architectural style, Dallas features mostly Mediterranean or Ranch style homes. 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. , Charlotte is slightly more affordable, offering cheaper housing and utility bills. Some employers have company provided day care centers that let you bring your child to work with you and receive care on site. 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. Crowdsourced data is a vital part of the Internet, help us become better! > Here is a list of our partners. Read more from, Some stores like Kroger offer frequent discounts or loyalty programs that can save you even more at the checkout. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. To maintain your standard of living in Charlotte, NC, you'll need a household income of: $44,229 The cost of living is 12% lower in Charlotte, NC See Charlotte's complete City Life. Transportation tends to cost 0.11% 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. 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.) lower. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. You could eat out less, cut back on takeout and cook more often. Consider the miscellaneous category the catch-all for all other expenses, like the price of groceries, office supplies, clothing, vet services and more. Our partners cannot pay us to guarantee favorable reviews of their products or services. 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. While other resources provide basic cost comparisons. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Both Dallas and Charlotte are among the fastest-growing metropolitan areas in the United States, with Dallas' metropolitan area comprising 6.25 million people and Charlotte's metro area comprising more than 2.5 million people. In Dallas,TX, my friend pays $1110 for a large 2 bedroom apartment. All financial products, shopping products and services are presented without warranty. The cost of living in Charlotte is 25% less expensive than in Miami. How Much Down Payment Do You Need to Buy a Home. This is the tax that you will pay on things that you buy. Dallas Housing Options Homes For Sale New Homes Most Expensive Homes Charlotte Housing Options Homes For Sale Lowest Priced Homes Largest Homes Overview Charlotte (/rlt/) is the most populous city in the U.S. state of North Carolina. What is the breakdown of the cost of living? Make sure you budget for these types of expenses and include them in the first years, The current electric rate cost in Charlotte,NC is 11.07 / kWh, which is up compared to the rest of the United States. If you prefer to download the image, please credit us as a source. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. Privacy Policy. Cost of Living Comparison Between Dallas, TXand Charlotte, NC You would need around 6,466.9$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. You would have to earn a salary of $62,735 to maintain your current standard of living. 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. The only thing between you and that home is With the ever-rising popularity and low cost of living in both. This information may be different than what you see when you visit a financial institution, service provider or specific products site. of boneless chicken breast, 0.5 l (16 oz) domestic beer in the supermarket, Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area, Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area, Utilities 1 month (heating, electricity, gas ) for 2 people in 85m2 flat, Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area, Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area, Utilities 1 month (heating, electricity, gas ) for 1 person in 45 m2 (480 sqft) studio, Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands), 1 summer dress in a high street store (zara, h&m or similar retailers), 1 pair of sport shoes (nike, adidas, or equivalent brands), Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new, Taxi trip on a business day, basic tariff, 8 km. You would have to earn a salary of $54,248 to maintain your current standard of living. Compare Cities 2023 Compare Cities Cost of Living: Dallas, TX vs Charlotte, NC Change Cities Highlights Charlotte is 1.3% less expensive than Dallas. Since there are football, baseball, basketball, hockey teams, you can go to a lot of games. Pre-qualified offers are not binding. Rent contributes to a large part of the overall, Looks for areas of Charlotte, North Carolina where there is a large student population. Have a yard sale or find a local charitable organization and donate items you no longer use. Charlottes architectural style tends to lean more towards Mid-Century Modern, Craftsman, and European (Primarily Victorian and Italianate). Weekly trips to the grocery store can add up, especially if food costs are high where you live. Terms of Use and Some areas have more affordability and availability of healthcare options than others, and depending on your specific needs, you may need to prioritize moving to areas with lower healthcare costs. Once you understand what they cover, they'll look less overwhelming. Both cities offer great nightlife and entertainment while also providing an affordable, comfortable place to raise a family. Here's how to know how much you really need. This is less expensive than the median home price in Charlotte, which is $265,000. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. You should call at least three moving companies for a moving estimate, the cost might be less than you think and you wont have to worry about a friend hurting their back trying to move your heavy furniture. A low rate can save you hundreds each year. Employers in Dallas, TX typically pay 1.7% more than employeers in Charlotte, NC. The chart below demonstrates the climate differences between Dallas and Charlotte: Both Dallas and Charlotte offer a vibrant community of forward-thinking, hard-working, and well-educated individuals. But even then, the price of groceries is going to significantly influence your cost of living. You will enjoy living in Charlotte, North Carolina. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. $3,492. The weather in Dallas is ideal. Since he has 2 children, he needs to have a large apartment. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. In terms of space, Dallas is larger than Charlotte, measuring out at 385 square miles compared to Charlotte's 298 square miles. I can understand why these places are in demand. Before you get the keys to your new home, you'll have to pay closing costs. Price collection by city is conducted in strict conformance with standard specifications at specified times. Dallas doesnt have state taxes but property taxes are said to be huge! Since groceries are an essential part of you, I love basketball. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from the, Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Mortgage preapproval is the smartest hack to homebuying and among the most misunderstood. Here's what lenders want before they'll preapprove you for a home loan. 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. Another way to make your move easier and save money is by weeding out items you dont need anymore. less than your current , a nationwide ratings system that evaluates schools based on performance on state achievement tests. Even if your employer is covering the cost of a move, there will still be costs that are not covered. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.4 months in Dallas. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. 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. 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. Choosing the right mortgage can help make your home buying journey easier and more affordable. Proximity to employment is an important consideration because it can drastically impact your cost of living. 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. The sales tax for Charlotte is 4.75%. 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. The same type of job in the same type of company in Dallas, TX will typically pay $61,021 . Charlotte, NC vs Dallas, TX, Copyright 2009-2023 Numbeo. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. What is the breakdown of the cost of living? For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. 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. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. Jeff and his team of REALTORS work all across the entire DFW Metroplex helping both buyers and sellers with condos, townhomes and single-detached properties. One of most important determinations you need to make before moving to a new city or town is how much it will cost to live there. You can save some expense by packing boxes yourself, renting a U-Haul truck, and asking friends and family to help with the loading and unloading. The cost of living in Charlotte, NC is 3.98% 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. and Dallas, I am frequently asked how the two cities compare. Hiring movers will be on the more expensive side. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Sometimes you can get discount tickets on line. 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. ), 1 min. 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. 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