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? Sports tickets can increase your, The average cost of internet access in the U.S. is $66.20 per month. Otherhand charlotte has other benefits. Another question that is independant of my questions earlier are opinions on the housing market. Compare Cities - The average commute for residents of Charlotte is 1.5 minutes shorter than it is for residents of Dallas. 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. for both cities are included in the chart below: Both Dallas and Charlotte are predominantly liberal. Overall, the time and ease of your driving times will impact your, In Dallas, TX, the average commute time is about 36.14 minutes. 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. Copyright 2009-2023 Numbeo. Have a yard sale or find a local charitable organization and donate items you no longer use. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. Terms of Use and According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. 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. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. See Charlotte's complete City Life page. the estimated difference in money purchasing power. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Median 2-bedroom apartment rent. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. 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. Renting a truck or renting a moving container is usually cheaper but requires more work. If you plan to drive to work, also do some research on average traffic in your destination town or city. Getting to work is important. The weather in Charlotte is ideal. of prepaid mobile tariff (no discounts or plans), 1 month of gym membership in business district, Basic lunchtime menu (including a drink) in the business district in, Hourly rate for domestic cleaning help in. You should factor this commuting time into your overall. household income. The sales tax for Charlotte is 4.75%. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. Cost of Living Comparison between Dallas, TX vs Charlotte, NC Located in the Piedmont, it is the county seat of Mecklenburg County. For example, the cost of an unlimited MetroCard in New York was obtained from the. Before you get the keys to your new home, you'll have to pay closing costs. 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. 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. Whether youre a commuter via your own vehicle or public transportation, considering factors like the price of gas and monthly cost of taking a train or bus is crucial when budgeting for your move. But even then, the price of groceries is going to significantly influence your 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. The data gets better with every new price that you enter. 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. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. higher. If you would like to know the cost of living in other cities, then please enter a city name. For example, the cost of living in San Francisco is twice that of Boise, Idaho. 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 rule of thumb is not to spend more than 30% of your total income on housing. $2,318. 2023 Compare Cities Cost of Living: Dallas, TX vs Charlotte, NC Change Cities Highlights Charlotte is 1.3% less expensive than Dallas. Consider the miscellaneous category the catch-all for all other expenses, like the price of groceries, office supplies, clothing, vet services and more. 22% lower. 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. Dallas vs Charlotte? Suburb living. (cost, state, better, compared 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. higher. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. Both Dallas and Charlotte are large cities that require a car to get around. Our partners compensate us. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. 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? Once you understand what they cover, they'll look less overwhelming. , Charlotte is slightly more affordable, offering cheaper housing and utility bills. . 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. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. 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. How much more or less will pay for the same or similar job be in the new city? This price can vary a lot if the distance is greater and depending on how much is being moved. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. 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. How To Find The Cheapest Travel Insurance. 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. 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. This information may be different than what you see when you visit a financial institution, service provider or specific products site. According to the latest BLS data, consumers average over $7,000 per year on food expenses. The median property tax in Teas is $2,275 per year for a home worth the median value of $125,800. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. But even then, the price of groceries is going to significantly influence your cost of living. 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. Charlotte vs Dallas comparison: Cost of Living & Salary Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. 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. Please consider telling us about your city. 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). In 2017, the U.S. Census Bureau estimated the population was 859,035, making it the 17th-most populous city in the United States. 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. Get matched with a top agent in your area. Before you get the keys to your new home, you'll have to pay closing costs. How Much Down Payment Do You Need to Buy a Home. 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. 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. Furnished accommodation in EXPENSIVE area. Pricing for various packages can vary a lot even in the same location. 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. What is the breakdown of the cost of living? Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. You will enjoy living in Charlotte, North Carolina. Rent in Dallas tends to be cheaper as well, with average rent in Dallas falling around $1,239 per month versus $1,459 in Charlotte. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. Cost of Living Comparison Between Charlotte, NCand Dallas, TX You would need around 5,982.8$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. Homes tend to cost 25.98% 2023 Cost of Living Calculator: compare Charlotte, North Carolina to NC. Housing in Charlotte, North Carolina (United States) is 28% cheaper than in Dallas, Texas (United States) Update prices. Significantly more people own a home in Dallas rather than rent, which makes sense given the affordable median cost of homes in the area. Proximity to employment is an important consideration because it can drastically impact your cost of living. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Do these housing costs seem low to you? Choosing the right mortgage can help make your home buying journey easier and more affordable. 110$ billion vs 58$ billion 1.05$ lower cost of one single transportation ticket? 80.00$ vs 96.00$ 52$ billion higher GDP (PPP)? 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. 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. Another way to make your move easier and save money is by weeding out items you dont need anymore. How to Get Preapproved for a Mortgage and Why It Matters. Hiring movers will be on the more expensive side. 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. 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. Some stores like Kroger offer frequent discounts or loyalty programs that can save you even more at the checkout. Even if your employer is covering the cost of a move, there will still be costs that are not covered. from the Council for Community and Economic Research. Your use of this service is subject to our 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. from Charlotte, NC with a salary of $60,000, View Minimum Wage Values in Charlotte and Dallas Compared with the Cost of Living. When I compare Dallas to Charlotte in regards to cost of living. Cost of Living Indexes: Charlotte, NC: Dallas, TX: Difference: Overall Index: Homeowner, No Child care, Taxes Not . It provides a decent comparison, but it is not yet reliable. Since he has 2 children, he needs to have a large apartment. Weekly trips to the grocery store can add up, especially if food costs are high where you live. Rent contributes to a large part of the overall, Looks for areas of Charlotte, North Carolina where there is a large student population. Walkability and public transit scores were obtained fromWalk Score. Hopefully you will have a smooth commute in Charlotte, North Carolina, but be prepared for delays. Charlotte housing costs are 15.9% more expensive than Dallas housing costs. The same type of job in the same type of company in Dallas, TX will typically pay $61,021 . Cost of Living Comparison Between Charlotte, NC, United States - Numbeo OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. With that being said, Charlotte has a significant traffic problem, ranking as the 16th most highly congested city in the United States. NC, you'll need a Thinking about moving to another city? When evaluating offers, please review the financial institutions Terms and Conditions. Dallas is larger in size and slightly cheaper of the two surely is tempting. Employers in Houston, TX typically pay 4.6% more than employeers in Charlotte, NC. There are ways to trim that down. North Carolina counties collect an average of 0.78 percent of property's estimated fair market value as property tax. NerdWallet strives to keep its information accurate and up to date. All financial products, shopping products and services are presented without warranty. Sometimes you can get discount tickets on line. The sales tax for Charlotte is 4.75%. In contrast to Dallas, just under half of Charlotte households rent.In terms of architectural style, Dallas features mostly Mediterranean or Ranch style homes. The cost of a monthly transit pass in Charlotte, NC is around $88.00. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. If the weather is bad, commute time can double! 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.)