The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. According to the latest BLS data, consumers average over $7,000 per year on food expenses. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Utilities tend to cost 4.81% Our partners cannot pay us to guarantee favorable reviews of their products or services. 2.20$ vs 3.25$ 4.7C lower average minimum temperature? This cost is ranked NO. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). 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. With the ever-rising popularity and low cost of living in both Charlotte and Dallas, I am frequently asked how the two cities compare. How does Charlotte compare to Dallas? 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. One of the most important aspects to a good quality of life is good healthcare. $1,447. 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. - People are 3.8% more likely to be married in Charlotte. All financial products, shopping products and services are presented without warranty. These prices were last updated on March 04, 2023. lower in Charlotte, Here's how to know how much you really need. Charlotte, NC vs Dallas, TX, Copyright 2009-2023 Numbeo. The cost of living in Charlotte is 10% less expensive than in Dallas. Our cost of living calculator will help you figure out if your move will work for your budget and salary. Terms of Use and (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. Copyright 2009-2023 Numbeo. Proximity to employment is an important consideration because it can drastically impact your cost of living. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Dallas tends to get very hot in the summer, more so than Charlotte, but it also has lower humidity and less rain. Looks for areas of Dallas, Texas where there is a large student population. Get matched with a top agent in your area. Even if your employer is covering the cost of a move, there will still be costs that are not covered. 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. higher. Hiring movers will be on the more expensive side. from the Council for Community and Economic Research. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. lower Sports fans will prefer Dallas, whereas NASCAR fans will prefer Charlotte. Your use of this service is subject to our. With that being said, Charlotte has a significant traffic problem, ranking as the 16th most highly congested city in the United States. Charlotte has a burgeoning sports scene as well, but their real pride is the Charlotte Motor Speedway, home to the annual Coca-Cola 600 and the longest race in NASCAR. 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. All financial products, shopping products and services are presented without warranty. All financial products, shopping products and services are presented without warranty. The biggest factors in any move are the standard of You will enjoy living in Charlotte, North Carolina. Have a yard sale or find a local charitable organization and donate items you no longer use. 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. Even if your employer is covering the cost of a move, there will still be costs that are not covered. 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. Located in the Piedmont, it is the county seat of Mecklenburg County. If the weather is bad, commute time can double! Entertainment: 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. Both Dallas and Charlotte feature warm climates, with humid summers and mild winters. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. If you are looking for an experienced real estate agent in Dallas to help guide you through your search, contact usto speak with local experts.Significantly more people own a home in Dallas rather than rent, which makes sense given the affordable median cost of homes in the area. The rule of thumb is not to spend more than 30% of your total income on housing. Do not sell or share my personal information. The annual median price of a home in Dallas is $175,600. In Charlotte, North Carolina I go to a lot of Charlotte Hornets games. Charlotte, NC Dallas, TX Median 2-bedroom apartment rent $1,447 $1,594 Median home price (3BR, 2BA) $356,551 $421,383 Do these housing costs seem low to you? Privacy Policy. Overall, the time and ease of your driving times will impact your. > Housing in Charlotte, North Carolina (United States) is 28% cheaper than in Dallas, Texas (United States) Update prices. 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. for both cities are included in the chart below: Both Dallas and Charlotte are predominantly liberal. It is possible that electric rates may fluctuate depending on consumption rates, government regulations and even the weather. Price collection by city is conducted in strict conformance with standard specifications at specified times. 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. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. 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. I can understand why these places are in demand. 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. 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. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. Hopefully you will have a smooth commute in Charlotte, North Carolina, but be prepared for delays. There are ways to trim that down. 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. Privacy Policy. Another question that is independant of my questions earlier are opinions on the housing market. Dallas, Texas. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. You could eat out less, cut back on takeout and cook more often. 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! When evaluating offers, please review the financial institutions Terms and Conditions. Weekly trips to the grocery store can add up, especially if food costs are high where you live. Our partners cannot pay us to guarantee favorable reviews of their products or services. Getting to work is important. How to Get Preapproved for a Mortgage and Why It Matters. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. and Dallas, I am frequently asked how the two cities compare. Furnished accommodation in EXPENSIVE area. Charlotte, NC. Diff. Your lifestyle and what you prioritize will also play into whether a particular destination is suitable for your salary and ideal cost of living. The median property tax in North Carolina is $1,209 per year for a home worth the median value of $155,500. Your use of this service is subject to our, Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1kg) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, 1 min. You should factor this commuting time into your overall. Based on data collected by NOAA National Climatic Data Center, Charlotte is considered to have one of the most favorable climates in the country based on comfort and number of days with clear skies. The cost of living in Dallas is higher than in Charlotte. Jeff's real estate articles and opinions have been featured on websites like Realtor.com, Fox News, U.S. News & World Reports, Inman, RISMedia, and more. This can vary depending on the time of day, day of week, and the weather and road conditions. Dallas, TX vs Charlotte, NC Change Cities Highlights - Charlotte is 0% more densely populated than Dallas. lower. Cost of Living Comparison Between Charlotte, NCand Dallas, TX You would need around 5,982.8$in Dallas, TXto maintain the same standard of life that you can have with 6,400.0$ This calculation uses our Cost of Living Plus Rent Index to compare cost of living. 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. Cost of Living Indexes: Charlotte, NC: Dallas, TX: Difference: Overall Index: Homeowner, No Child care, Taxes Not . Walkability and public transit scores were obtained fromWalk Score. Since groceries are an essential part of you, I love basketball. The cost of living in Charlotte, NC is 3.98% Your use of this service is subject to our This assumes net earnings (after income tax). See Charlotte's complete City Life page. Some stores like Kroger offer frequent discounts or loyalty programs that can save you even more at the checkout. When evaluating offers, please review the financial institutions Terms and Conditions. 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. How Much Down Payment Do You Need to Buy a Home. And it adds up. 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.) United States vs United States Thinking about moving to another city? There are so many reasons to love both cities; it's hard to go wrong with either choice. 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. ), 1 min. While other resources provide basic cost comparisons. Mecklenburg County, where Charlotte is located, 62.3% voted Democratin the 2016 presidential election,32.9% voted Republican, and the remaining4.8% voted Independent. 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. Since he has 2 children, he needs to have a large apartment. 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. 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 Teas is $2,275 per year for a home worth the median value of $125,800. 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. Don't hesitate to reach out if you are contemplating moving and have any questions! , a nationwide ratings system that evaluates schools based on performance on state achievement tests. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. If you prefer to download the image, please credit us as a source. $2,318. 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. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. And it adds up. 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. You would have to earn a salary of $54,248 to maintain your current standard of living. You could eat out less, cut back on takeout and cook more often. Pre-qualified offers are not binding. You could be looking at a positive net change in disposable income. Another way to make your move easier and save money is by weeding out items you dont need anymore. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. While other resources provide basic cost comparisons. A low rate can save you hundreds each year. Especially with the New Year upon us, you may be contemplating a move or want to weigh the pros and cons of both areas. Employers in Dallas, TX typically pay 1.7% more than employeers in Charlotte, NC. 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. Price collection by city is conducted in strict conformance with standard specifications at specified times. There are ways to trim that down. You would have to earn a salary of $57,384 to maintain your current standard of living. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. This price can vary a lot if the distance is greater and depending on how much is being moved. Keep in mind that the tickets tend to be expensive, so you need to manage your entertainment budget carefully. Comparisons improve with every new data that you enter. The total income needed is $2,682 Are you sure you want to rest your choices? 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. Consider the miscellaneous category the catch-all for all other expenses, like the price of groceries, office supplies, clothing, vet services and more. Both cities offer great nightlife and entertainment while also providing an affordable, comfortable place to raise a family. Before you get the keys to your new home, you'll have to pay closing 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. 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. If you can't find a city, you can type the state name to see all cities available in that state. For example, the cost of an unlimited MetroCard in New York was obtained from the. Proximity to employment is an important consideration because it can drastically impact your cost of living. 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. In Dallas,TX, my friend pays $1110 for a large 2 bedroom apartment. In contrast to Dallas, just under half of Charlotte households rent. As a result, Dallas has a larger population than Charlotte, totaling about 1.3 million people, whereas Charlotte's population is approximately 850,000 people. - The Median Age is 1.4 years older in Charlotte. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. Tell us your opinion about traffic in Dallas, TX. This information may be different than what you see when you visit a financial institution, service provider or specific products site. living and what salary youll need to make in order to reach that standard. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. Cost of Living Comparison Between Dallas, TXand Charlotte, NC You would need around 6,466.9$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. All financial products, shopping products and services are presented without warranty. According to this analysis, Charlotte is slightly more affordable, offering cheaper housing and utility bills. Especially with the New Year upon us, you may be contemplating a move or want to weigh the pros and cons of both areas. 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. You would have to earn a salary of $62,735 to maintain your current standard of living. Charlottes architectural style tends to lean more towards Mid-Century Modern, Craftsman, and European (Primarily Victorian and Italianate). 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. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. This is less expensive than the median home price in Charlotte, which is $265,000. > Dallas is larger in size and slightly cheaper of the two surely is tempting. 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. It provides a decent comparison, but it is not yet reliable. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. 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. Rent contributes to a large part of the overall, Looks for areas of Charlotte, North Carolina where there is a large student population. If you find that the housing costs in your destination city is much higher than where you are now, it would be a good idea to research some nearby locations to find lower rents and mortgage rates. 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. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. You will enjoy living in Charlotte, North Carolina. 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. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.4 months in Dallas. NC, you'll need a In 2017, the U.S. Census Bureau estimated the population was 859,035, making it the 17th-most populous city in the United States. How Much Down Payment Do You Need to Buy a Home. 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. Thinking about moving to another city? For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. The cost of living in Houston, TX is -9.6% lower than in Charlotte, NC. The cost of electricity can have a bigger than average impact of your overall, I am single and live in Charlotte,NC, I rent a small studio and the monthly rent is $1125 . the estimated difference in money purchasing power. The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. Charlotte (/rlt/) is the most populous city in the U.S. state of North Carolina. 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.