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. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.4 months in Dallas. This assumes net earnings (after income tax). You might be using an unsupported or outdated browser. Your use of this service is subject to our Dallas is larger in size and slightly cheaper of the two surely is tempting. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Our partners compensate us. 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. 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. 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. 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. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. This price can vary a lot if the distance is greater and depending on how much is being moved. 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. NerdWallet strives to keep its information accurate and up to date. More traffic means more gas spent. Looks like this move could have a negative net change in disposable income. These prices were last updated on March 04, 2023. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. 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. It is comprised of nearly 100,000 data points gathered primarily by C2ER members located in 400 cities.. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. 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. 22% lower. Another way to make your move easier and save money is by weeding out items you dont need anymore. That's probably because we're measuring average costs for the larger metro area, not just the city limits. And it adds up. With that being said, Charlotte has a significant traffic problem, ranking as the 16th most highly congested city in the United States. Drivers will, on average, spend around 95 hours per year sitting in traffic, according to the. And it adds up. Rent contributes to a large part of the overall, Looks for areas of Charlotte, North Carolina where there is a large student population. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. While Charlotte's metro area is smaller than in Dallas, both cities have experienced significant growth in the past decade. higher. Especially with the New Year upon us, you may be contemplating a move or want to weigh the pros and cons of both areas. Your lifestyle and what you prioritize will also play into whether a particular destination is suitable for your salary and ideal cost of living. While other resources provide basic cost comparisons. 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. Comparisons improve with every new data that you enter. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. The cost of living in Charlotte, NC is 3.98% Stores like Costco Wholesale are known to offer low prices. It provides a decent comparison, but it is not yet reliable. 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? The same type of job in the same type of company in Dallas, TX will typically pay $61,021 . Jeff was initially licensed in 2004 and has held a Texas Real Estate Broker's License since 2009. Looks for areas of Dallas, Texas where there is a large student population. Located in the Piedmont, it is the county seat of Mecklenburg County. How To Find The Cheapest Travel Insurance. Prices for goods and services in Charlotte and Dallas are partly crowdsourced by our visitors, just like yourself. Get matched with a top agent in your area. If you plan to drive to work, also do some research on average traffic in your destination town or city. 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. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. 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. Terms of Use and Cost of Living Indexes: Charlotte, NC: Dallas, TX: Difference: Overall Index: Homeowner, No Child care, Taxes Not . Update prices. You will enjoy living in Dallas, Texas. You will enjoy living in Charlotte, North Carolina. 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. 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. Charlotte (/rlt/) is the most populous city in the U.S. state of North Carolina. Diff. Ideally, youll find that you can afford the cost of living in your new destination, but having that The cost of living in Charlotte is 4% more expensive than in Houston. It is possible that electric rates may fluctuate depending on consumption rates, government regulations and even the weather. The weather in Charlotte is ideal. 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, Texas. 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. Employers in Charlotte, NC typically pay -1.7% less than employers in Dallas, TX. cost of living in charlotte, nc vs dallas, tx https://iccleveland.org/wp-content/themes/icc/images/empty/thumbnail.jpg 150 150 ICC ICC https://iccleveland.org/wp . 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. 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. Weekly trips to the grocery store can add up, especially if food costs are high where you live. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. You could eat out less, cut back on takeout and cook more often. This is the tax that you will pay on things that you buy. 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. The time you spend commuting is time you do not have to do other things, so it is valuable. You will enjoy living in Charlotte, North Carolina. The sales tax for Charlotte is 4.75%. What is the breakdown of the cost of living? Keep in mind that the tickets tend to be expensive, so you need to manage your entertainment budget carefully. 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. Get matched with a top agent in your area. - The average commute for residents of Charlotte is 1.5 minutes shorter than it is for residents of Dallas. 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. With that being said, Charlotte has a significant traffic problem, ranking as the 16th most highly congested city in the United States. 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. 80.00$ vs 96.00$ 52$ billion higher GDP (PPP)? Since there are football, baseball, basketball, hockey teams, you can go to a lot of games. Charlotte, North Carolina. 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. 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. Expatistan is a collaborative effort. 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. Since groceries are an essential part of you, I love basketball. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. - People are 3.8% more likely to be married in Charlotte. 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. $3,492. 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. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. 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. 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. 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. 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 tickets are expensive and add to my entertainment expenses, increasing my, The average cost of internet access in the U.S. is $66.20 per 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. 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. 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. 31 nationally. 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. 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. than your current city. Pricing for various packages can vary a lot even in the same location. 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. The data gets better with every new price that you enter. How is this tool different from other resources out there? 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. Once you understand what they cover, they'll look less overwhelming. 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. Our cost of living calculator will help you figure out if your move will work for your budget and salary. There are ways to trim that down. 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. A salary of $189,000 in Charlotte, North Carolina should increase to $191,464 in Dallas, Texas . According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. The average time for commuting in Charlotte is 38.02 minutes. Copyright 2009-2023 Numbeo. For example, the cost of an unlimited MetroCard in New York was obtained from the. 30.04% lower population density? The cost of living in Charlotte is 8% more expensive than in Dallas. The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. United States vs United States lower in Charlotte, It is comprised of nearly 100,000 data points gathered primarily by C2ER members located in 400 cities.. When evaluating offers, please review the financial institutions Terms and Conditions. Getting to work is important. Our partners compensate us. Thinking about moving to another city? Some people purchase a season ticket with a group of friends and take turns going to the games. higher. Overall, the time and ease of your driving times will impact your. Pre-qualified offers are not binding. A crowdsourced database with a cost of living calculator for prices comparison in 9294 cities in 197 countries all over the world. Walkability and public transit scores were obtained fromWalk Score. 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. . The average after-tax salary is enough to cover living expenses for 1.8 months in Charlotte compared to 2.2 months in Dallas. In terms of space, Dallas is larger than Charlotte, measuring out at 385 square miles compared to Charlotte's 298 square miles. Proximity to employment is an important consideration because it can drastically impact your cost of living. The quote I got was on a 300k home in Dallas, it would cost about 7k in property taxes. You would have to earn a salary of $62,735 to maintain your current standard of living. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Please consider telling us about your city. Austin, TX. 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. 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. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. less than your current 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. The goal is to pay under 30%, but that may not be achievable in your destination city or town. That's probably because we're measuring average costs for the larger metro area, not just the city limits. But even then, the price of groceries is going to significantly influence your cost of living. This is the tax that you will pay on things that you buy. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. 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. You would have to earn a salary of $54,248 to maintain your current standard of living. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. 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. Both cities offer great nightlife and entertainment while also providing an affordable, comfortable place to raise a family. If you can't find a city, you can type the state name to see all cities available in that state. 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! Renting a truck or renting a moving container is usually cheaper but requires more work. If you prefer to download the image, please credit us as a source. 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. Charlottes architectural style tends to lean more towards Mid-Century Modern, Craftsman, and European (Primarily Victorian and Italianate). That's probably because we're. 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. The sales tax for Charlotte is 4.75%. 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. Crowdsourced data is a vital part of the Internet, help us become better! While other resources provide basic cost comparisons. Charlottes architectural style tends to lean more towards Mid-Century Modern, Craftsman, and European (Primarily Victorian and Italianate). And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. I can understand why these places are in demand. Dallas Housing Options Homes For Sale New Homes Most Expensive Homes Charlotte Housing Options Homes For Sale Lowest Priced Homes Copyright 2009-2023 Numbeo. from the Council for Community and Economic Research. The average time for commuting in Charlotte is 38.02 minutes. See Charlotte's complete City Life page. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. 2023 Forbes Media LLC. And it adds up. 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. How to Get Preapproved for a Mortgage and Why It Matters. Shopping there can considerably reduce, If you love sports, you will love Dallas, TX! How Much Down Payment Do You Need to Buy a Home. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. The sales tax for Dallas is 6.25%. 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. When I compare Dallas to Charlotte in regards to cost of living. Sports tickets can increase your, The average cost of internet access in the U.S. is $66.20 per month.