analyzes the cost of living differences between Charlotte and Dallas based on five categories: grocery, healthcare, housing, miscellaneous, transportation, and utilities. Housing in Charlotte, North Carolina (United States) is 28% cheaper than in Dallas, Texas (United States) Update prices. How much more or less will pay for the same or similar job be in the new city? 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. What is the breakdown of the cost of living? Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. Both Dallas and Charlotte are large cities that require a car to get around. What is the breakdown of the cost of living? 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. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. This is less expensive than the median home price in Charlotte, which is $265,000. 80.00$ vs 96.00$ 52$ billion higher GDP (PPP)? 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? 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. Corresponding. Thinking about moving to another city? But even then, the price of groceries is going to significantly influence your cost of living. You will enjoy living in Charlotte, North Carolina. Here's how to know how much you really need. The total income needed is $2,682 Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services. The cost of a monthly transit pass in Charlotte, NC is around $88.00. NC. The annual median price of a home in Dallas is $175,600. (5 miles), Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands), Short visit to private doctor (15 minutes), Standard men's haircut in expat area of the city, Basic dinner out for two in neighborhood pub, 2 tickets to the theater (best available seats), Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert, 1 beer in neighbourhood pub (500ml or 1pt. Based on data collected by NOAA National Climatic Data Center, Dallas is considered to have one of the most favorable climates in the country based on comfort and number of days with clear skies. cost of living in charlotte, nc vs dallas, tx https://iccleveland.org/wp-content/themes/icc/images/empty/thumbnail.jpg 150 150 ICC ICC https://iccleveland.org/wp . You can save some expense by packing boxes yourself, renting a U-Haul truck, and asking friends and family to help with the loading and unloading. The rule of thumb is not to spend more than 30% of your total income on housing. Here's how to know how much you really need. 110$ billion vs 58$ billion 1.05$ lower cost of one single transportation ticket? 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. Employers in Charlotte, NC typically pay -1.7% less than employers in Dallas, TX. Here is a list of our partners. In terms of architectural style, Dallas features mostly Mediterranean or Ranch style homes. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Source: Wikipedia (as of 04/11/2019). Pricing for various packages can vary a lot even in the same location. We believe everyone should be able to make financial decisions with confidence. 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. Weekly trips to the grocery store can add up, especially if food costs are high where you live. To get the best mortgage loan, know how much you can afford and shop like the bargain hunter you are. 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. Consider the miscellaneous category the catch-all for all other expenses, like the price of groceries, office supplies, clothing, vet services and more. - Charlotte housing costs are 16.0% more expensive than Dallas housing costs. Price collection by city is conducted in strict conformance with standard specifications at specified times. 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. Utilities tend to cost 4.81% If you prefer to download the image, please credit us as a source. Jeff may be reached directly at [emailprotected], Both the advantages of Dallas and Charlotte is explained beautifully in here. 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. The weather in Charlotte is ideal. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. 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. So how do we make money? If you can't find a city, you can type the state name to see all cities available in that state. According to the latest BLS data, consumers average over $7,000 per year on food expenses. Furnished accommodation in EXPENSIVE area. 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. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. 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. This price can vary a lot if the distance is greater and depending on how much is being moved. The sales tax for Charlotte is 4.75%. Hiring movers will be on the more expensive side. Do not sell or share my personal information. lower in Charlotte, You could eat out less, cut back on takeout and cook more often. Ideally, youll find that you can afford the cost of living in your new destination, but having that 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. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.4 months in Dallas. than your current city. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. 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. lower The median property tax in North Carolina is $1,209 per year for a home worth the median value of $155,500. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. , 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. Energy costs in Charlotte,NC are generally going up. Cost of Living Indexes: Charlotte, NC: Dallas, TX: Difference: Overall Index: Homeowner, No Child care, Taxes Not . 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. from Charlotte, NC with a salary of $60,000, View Minimum Wage Values in Charlotte and Dallas Compared with the Cost of Living. This assumes net earnings (after income tax). Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Dallas is larger in size and slightly cheaper of the two surely is tempting. 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. 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? You should evaluate the options based on your usage and preferences and pick the best fit for your needs. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. However, there are of course several differences as well. Are you sure you want to rest your choices? 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. More traffic means more gas spent. 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. 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. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Get free guidance on changes you can make to afford more home, without spending more. Pricing for various packages can vary a lot even in the same location. 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. And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. Since groceries are an essential part of you, I love basketball. . 31 nationally. For example, the cost of an unlimited MetroCard in New York was obtained from the. 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. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. - The Median Age is 1.4 years older in Charlotte. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. You will enjoy living in Charlotte, North Carolina. You will enjoy living in Dallas, Texas. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. 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. 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. The cost of living in Charlotte, NC is 3.98% 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. Ask your employer if they offer discounted passes to save even more money and reduce your cost of commuting and overall. Diff. Charlotte, North Carolina. In. Disclaimer: NerdWallet strives to keep its information accurate and up to date. You could eat out less, cut back on takeout and cook more often. When evaluating offers, please review the financial institutions Terms and Conditions. The cost of living in Charlotte is 8% more expensive than in 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. $2,318. The biggest factors in any move are the standard of 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. You might be using an unsupported or outdated browser. Weekly trips to the grocery store can add up, especially if food costs are high where you live. Pre-qualified offers are not binding. Otherhand charlotte has other benefits. Here is a list of our partners. 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. Cities ranked 106th and 197th ($2680 vs $2489) in the list of the most expensive cities in the world and ranked 88th and 149th in the United States. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. Expatistan is a collaborative effort. Charlotte, NC. Corresponding graduation rates for both cities are included in the chart below: Both Dallas and Charlotte are predominantly liberal. Your lifestyle and what you prioritize will also play into whether a particular destination is suitable for your salary and ideal cost of living. Both cities offer great nightlife and entertainment while also providing an affordable, comfortable place to raise a family. Get free guidance on changes you can make to afford more home, without spending more. Drivers will, on average, spend around 95 hours per year sitting in traffic, according to the Global Traffic Scorecard. Getting to work is important. There are ways to trim that down. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. Pre-qualified offers are not binding. 2.20$ vs 3.25$ 4.7C lower average minimum temperature? If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. 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. less than your current 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. Copyright 2009-2023 Numbeo. The data gets better with every new price that you enter. 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 cost of living in Houston, TX is -9.6% lower than in Charlotte, NC. Our cost of living calculator will help you figure out if your move will work for your budget and salary. NerdWallet strives to keep its information accurate and up to date. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. Do these housing costs seem low to you? You should factor this commuting time into your overall. 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. 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. 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. 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. All financial products, shopping products and services are presented without warranty. There are ways to trim that down. There are so many reasons to love both cities; it's hard to go wrong with either choice. Do not sell or share my personal information. These prices were last updated on March 04, 2023. 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. Dallas, TX vs Charlotte, NC Change Cities Highlights - Charlotte is 0% more densely populated than 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. Stores like Costco Wholesale are known to offer low prices. 30.04% lower population density? 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. Pre-qualified offers are not binding. Employers in Dallas, TX typically pay 1.7% more than employeers in Charlotte, NC. In 2017, the U.S. Census Bureau estimated the population was 859,035, making it the 17th-most populous city in the United States. Employers in Houston, TX typically pay 4.6% more than employeers in Charlotte, NC. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. 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. Charlotte, North Carolina (United States). 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. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. We believe everyone should be able to make financial decisions with confidence.