Corresponding graduation rates for both cities are included in the chart below: Both Dallas and Charlotte are predominantly liberal. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Ideally, youll find that you can afford the cost of living in your new destination, but having that The Charlotte metropolitan area's population ranks 22nd in the U.S., and had a 2016 population of 2,474,314. Charlotte vs Dallas comparison: Cost of Living & Salary For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. Pre-qualified offers are not binding. cost of living in charlotte, nc vs dallas, tx Drivers will, on average, spend around 95 hours per year sitting in traffic, according to the Global Traffic Scorecard. Copyright 2009-2023 Numbeo. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. With that being said, Charlotte has a significant traffic problem, ranking as the 16th most highly congested city in the United States. There are ways to trim that down. 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. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. Jeff Knox is the Broker Owner of Knox & Associates REALTORS in DFW and the creator of most of the content on KnoxRE. Terms of Use and Significantly more people own a home in Dallas rather than rent, which makes sense given the affordable median cost of homes in the area. See Charlotte's complete City Life page. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Walkability and public transit scores were obtained fromWalk Score. 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. You would have to earn a salary of $54,248 to maintain your current standard of living. While other resources provide basic cost comparisons. One of the most important aspects to a good quality of life is good healthcare. The weather in Charlotte is ideal. 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 cost of living in Charlotte, NC is 4.6% higher than in Dallas, TX. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. The data gets better with every new price that you enter. The sales tax for Charlotte is 4.75%. Some people purchase a season ticket with a group of friends and take turns going to the games. For example, the cost of an unlimited MetroCard in New York was obtained from the. If you are looking for an experienced real estate agent in Dallas to help guide you through your search. 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 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. This cost is ranked NO. 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. 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. Both Dallas and Charlotte share some characteristics in that they offer warm temperatures with mild winters, a lower cost of living compared to other major cities, and other similarities. lower For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. 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. 22% lower. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. 2.20$ vs 3.25$ 4.7C lower average minimum temperature? 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. 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. All financial products, shopping products and services are presented without warranty. 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. And it adds up. 2023 Compare Cities Overview: Dallas, TX vs Charlotte, NC For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. analyzes the cost of living differences between Charlotte and Dallas based on five categories: grocery, healthcare, housing, miscellaneous, transportation, and utilities. Overall, the time and ease of your driving times will impact your. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.4 months in Dallas. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. Before you get the keys to your new home, you'll have to pay closing costs. Utilities tend to cost 4.81% Proximity to employment is an important consideration because it can drastically impact your cost of living. Charlotte, North Carolina (United States). Even if your employer is covering the cost of a move, there will still be costs that are not covered. This one is a toss-up because it depends on what matters more to you. > If you plan to drive to work, also do some research on average traffic in your destination town or city. This information may be different than what you see when you visit a financial institution, service provider or specific products site. You could eat out less, cut back on takeout and cook more often. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services. Do these housing costs seem low to you? Cost of Living Cost of Living Comparison between Charlotte, NC vs Houston, TX And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. Thinking about moving to another city? 2023 Compare Cities People: Dallas, TX vs Charlotte, NC - Best Places How to Get Preapproved for a Mortgage and Why It Matters. When I compare Dallas to Charlotte in regards to cost of living. In Charlotte, North Carolina I go to a lot of Charlotte Hornets games. Price collection by city is conducted in strict conformance with standard specifications at specified times. While other resources provide basic cost comparisons. The cost of a monthly transit pass in Charlotte, NC is around $88.00. 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. Use the link below to embed the infographic from our site and automatically keep the data layer up to date. Rent contributes to a large part of the overall, Looks for areas of Charlotte, North Carolina where there is a large student population. Homes tend to cost 25.98% You would have to earn a salary of $62,735 to maintain your current standard of living. This comparison is lacking data. The cost of living in Dallas, TX is -4.4% lower than in Charlotte, NC. And it adds up. Get your true budget and find a home with ease. 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? How does Charlotte compare to Dallas? You could eat out less, cut back on takeout and cook more often. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. The annual median price of a home in Dallas is $175,600. Read more from, Some stores like Kroger offer frequent discounts or loyalty programs that can save you even more at the checkout. This is the tax that you will pay on things that you buy. It is based on 931 prices entered by 96 different people. Do not sell or share my personal information. 110$ billion vs 58$ billion 1.05$ lower cost of one single transportation ticket? To get the best mortgage loan, know how much you can afford and shop like the bargain hunter you are. The cost of living in Charlotte, NC is 3.98% 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. And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. Get your true budget and find a home with ease. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. 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, 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! 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. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. Charlotte to Dallas Movers & Cost (2023) | moveBuddha Employers in Dallas, TX typically pay 1.7% more than employeers in Charlotte, NC. Here is a list of our partners. The average time for commuting in Charlotte is 38.02 minutes. 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. 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. 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. Relocation Comparison: North Carolina vs Texas Energy costs in Charlotte,NC are generally going up. - The Median Age is 1.4 years older in Charlotte. Proximity to employment is an important consideration because it can drastically impact your cost of living. Cost of Living in Charlotte, NC - Salary.com Diff. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. Once you understand what they cover, they'll look less overwhelming. The cost of a monthly transit pass in Charlotte, NC is around $88.00. Choosing the right mortgage can help make your home buying journey easier and more affordable. That's probably because we're measuring average costs for the larger metro area, not just the city limits. Getting to work is important. Planning a move to another town, city or state? 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. How to Get Preapproved for a Mortgage and Why It Matters. The cost of living is 4% lower in Charlotte, NC. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.9 months in Houston. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. - People are 3.8% more likely to be married in Charlotte. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. 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. According to this analysis, Charlotte is slightly more affordable, offering cheaper housing and utility bills. Consider the miscellaneous category the catch-all for all other expenses, like the price of groceries, office supplies, clothing, vet services and more. The cost of living in Charlotte is 25% less expensive than in Miami. 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. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. Prices for goods and services in Charlotte and Dallas are partly crowdsourced by our visitors, just like yourself. How Much Down Payment Do You Need to Buy a Home. Proximity to employment is an important consideration because it can drastically impact your cost of living. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. Cost of Living Comparison Between Dallas, TX, United States - Numbeo Some employers have company provided day care centers that let you bring your child to work with you and receive care on site. Dallas doesnt have state taxes but property taxes are said to be huge! 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. If you can't find a city, you can type the state name to see all cities available in that state. A low rate can save you hundreds each year. 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. Since there are football, baseball, basketball, hockey teams, you can go to a lot of games. 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. Here's how to know how much you really need. 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. A crowdsourced database with a cost of living calculator for prices comparison in 9294 cities in 197 countries all over the world. Hopefully you will have a smooth commute in Charlotte, North Carolina, but be prepared for delays. Jeff was initially licensed in 2004 and has held a Texas Real Estate Broker's License since 2009. How To Find The Cheapest Travel Insurance. 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. NC, you'll need a 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. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. 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. However, there are of course several differences as well. When evaluating offers, please review the financial institutions Terms and Conditions. Have a yard sale or find a local charitable organization and donate items you no longer use. 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. 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. The same type of job in the same type of company in Charlotte, NC will typically pay $58,996 . Cost of Living Calculator | Charlotte, NC vs. Dallas, TX - NerdWallet 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. Privacy Policy. Cost of Living Comparison between Charlotte, NC vs Dallas, TX $3,492. Please consider telling us about your city. Compare Cities ), 1 min. Charlotte vs Dallas: What is the difference? - VERSUS The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 1.6 months in Miami. Located in the Piedmont, it is the county seat of Mecklenburg County. Transportation tends to cost 0.11% 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. 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. 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. Source: Wikipedia (as of 04/11/2019). The same type of job in the same type of company in Dallas, TX will typically pay $61,021 . Price collection by city is conducted in strict conformance with standard specifications at specified times. 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. To maintain your standard of living in Charlotte, Getting to work is important. Since groceries are an essential part of you, I love basketball. Dallas, Texas. This is less expensive than the median home price in Charlotte, which is $265,000. You could eat out less, cut back on takeout and cook more often. Thinking about moving to another city? Even if your employer is covering the cost of a move, there will still be costs that are not covered. We believe everyone should be able to make financial decisions with confidence. 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 living in Charlotte is 8% more expensive than in Dallas. 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. A salary of $189,000 in Charlotte, North Carolina should increase to $191,464 in Dallas, Texas . WolframAlpha's cost of living index analyzes the cost of living differences between Charlotte and Dallas based on five categories: grocery, healthcare, housing, miscellaneous, transportation, and utilities. You should factor this commuting time into your overall. But even then, the price of groceries is going to significantly influence your cost of living. 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. (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. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. NerdWallet strives to keep its information accurate and up to date. Pre-qualified offers are not binding. 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. Overall, the time and ease of your driving times will impact your. Weekly trips to the grocery store can add up, especially if food costs are high where you live. Health related expenses are 3.2% less in Charlotte. 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. 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. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. The rule of thumb is not to spend more than 30% of your total income on housing. 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. 2023 Cost of Living Calculator: compare Charlotte, North Carolina to 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. While Charlotte's metro area is smaller than in Dallas, both cities have experienced significant growth in the past decade.