You will enjoy living in Charlotte, North Carolina. Hopefully you will have a smooth commute in Charlotte, North Carolina, but be prepared for delays. Your use of this service is subject to our. 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. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. This one is a toss-up because it depends on what matters more to you. Privacy Policy. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. It is possible that electric rates may fluctuate depending on consumption rates, government regulations and even the weather. This is less expensive than the median home price in Charlotte, which is $265,000. higher. 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. Median 2-bedroom apartment rent. - The Median Age is 1.4 years older in Charlotte. Get free guidance on changes you can make to afford more home, without spending more. So how do we make money? These prices were last updated on March 04, 2023. 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. 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. 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. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. 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. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. 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. Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services. Rent contributes to a large part of the overall, Looks for areas of Charlotte, North Carolina where there is a large student population. 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. The quote I got was on a 300k home in Dallas, it would cost about 7k in property taxes. Jeff was initially licensed in 2004 and has held a Texas Real Estate Broker's License since 2009. 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? 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. 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. 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. 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. How is this tool different from other resources out there? 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. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. Renting a truck or renting a moving container is usually cheaper but requires more work. How much more or less will pay for the same or similar job be in the new city? 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. Employers in Dallas, TX typically pay 1.7% more than employeers in Charlotte, NC. It is based on 931 prices entered by 96 different people. 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 Indexes: Charlotte, NC: Dallas, TX: Difference: Overall Index: Homeowner, No Child care, Taxes Not . Planning a move to another town, city or state? Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. You will enjoy living in Dallas, Texas. 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. 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. Looks for areas of Dallas, Texas where there is a large student population. 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. That's probably because we're measuring average costs for the larger metro area, not just the city limits. household income of: The cost of living is 3.98% Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. 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. Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. 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. And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. The average cost of moving to another state is around $5,600 for a distance of 1,200 miles. 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. Our partners cannot pay us to guarantee favorable reviews of their products or services. See Charlotte's complete City Life page. 2023 Forbes Media LLC. The cost of living in Charlotte is 4% more expensive than in Houston. 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. In terms of architectural style, Dallas features mostly Mediterranean or Ranch style homes. In Charlotte, North Carolina I go to a lot of Charlotte Hornets games. According to the latest BLS data, consumers average over $7,000 per year on food expenses. The cost of living in Charlotte, NC is 3.98% Here is a list of our partners. NerdWallet strives to keep its information accurate and up to date. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. 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. Make sure you include these moving costs into the overall. And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. This price can vary a lot if the distance is greater and depending on how much is being moved. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. 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. 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. This is the tax that you will pay on things that you buy. 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. Are you sure you want to rest your choices? The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. Drivers will, on average, spend around 95 hours per year sitting in traffic, according to the. This price can vary a lot if the distance is greater and depending on how much is being moved. Why bother to move stuff that you do not even use! analyzes the cost of living differences between Charlotte and Dallas based on five categories: grocery, healthcare, housing, miscellaneous, transportation, and utilities. 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. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. All financial products, shopping products and services are presented without warranty. For example, the cost of living in San Francisco is twice that of Boise, Idaho. Price collection by city is conducted in strict conformance with standard specifications at specified times. 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. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. Overall, the time and ease of your driving times will impact your. Jeff may be reached directly at [emailprotected], Both the advantages of Dallas and Charlotte is explained beautifully in here. You could eat out less, cut back on takeout and cook more often. Copyright 2009-2023 Numbeo. 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. Pricing for various packages can vary a lot even in the same location. 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. > Getting to work is important. 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. 31 nationally. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. You would have to earn a salary of $54,248 to maintain your current standard of living. 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. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. The only thing between you and that home is With the ever-rising popularity and low cost of living in both. (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. When evaluating offers, please review the financial institutions Terms and Conditions. Pricing for various packages can vary a lot even in the same location. Thinking about moving to another city? from Charlotte, NC with a salary of $60,000, View Minimum Wage Values in Charlotte and Dallas Compared with the Cost of Living. 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. 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. 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. Sports tickets can increase your, The average cost of internet access in the U.S. is $66.20 per month. Get your true budget and find a home with ease. 950 people/km vs 1358 people/km 16.00$ cheaper monthly public transport ticket?