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Another way to make your move easier and save money is by weeding out items you dont need anymore. 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. When I compare Dallas to Charlotte in regards to cost of living. How To Find The Cheapest Travel Insurance. For example, the cost of an unlimited MetroCard in New York was obtained from the. 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. Diff. - Compare Cities cost of living across 9 different categories - Personal salary calculations can optionally include Home . Use the link below to embed the infographic from our site and automatically keep the data layer up to date. And it adds up. You could eat out less, cut back on takeout and cook more often. Charlotte housing costs are 15.9% more expensive than Dallas housing costs. But even then, the price of groceries is going to significantly influence your cost of living. Walkability and public transit scores were obtained fromWalk Score. Significantly more people own a home in Dallas rather than rent, which makes sense given the affordable median cost of homes in the area. 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. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. > Dallas Housing Options Homes For Sale New Homes Most Expensive Homes Charlotte Housing Options Homes For Sale Lowest Priced Homes Both Dallas and Charlotte are large cities that require a car to get around. - Charlotte housing costs are 16.0% more expensive than Dallas housing costs. 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. Quick Answer: The cost to move from Charlotte, NC to Dallas, TX averages from $923 to $6,163 depending on how much you're moving, your move date, and whether you hire a company or do the move yourself. How to Get Preapproved for a Mortgage and Why It Matters. $1,734. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. 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. This is the tax that you will pay on things that you buy. Hiring movers will be on the more expensive side. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. 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. Our cost of living calculator will help you figure out if your move will work for your budget and salary. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Renting a truck or renting a moving container is usually cheaper but requires more work. Your use of this service is subject to our. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. 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. NC. 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 Get Preapproved for a Mortgage and Why It Matters. Jeff Knox is the Broker Owner of Knox & Associates REALTORS in DFW and the creator of most of the content on KnoxRE. That's probably because we're measuring average costs for the larger metro area, not just the city limits. There are ways to trim that down. According to the latest BLS data, consumers average over $7,000 per year on food expenses. If you can't find a city, you can type the state name to see all cities available in that state. This price can vary a lot if the distance is greater and depending on how much is being moved. The average time for commuting in Charlotte is 38.02 minutes. 2.20$ vs 3.25$ 4.7C lower average minimum temperature? 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. > 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). Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. Compare Cities How is this tool different from other resources out there? 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. from Charlotte, NC with a salary of $60,000, View Minimum Wage Values in Charlotte and Dallas Compared with the Cost of Living. If you find that the housing costs in your destination city is much higher than where you are now, it would be a good idea to research some nearby locations to find lower rents and mortgage rates. Please consider telling us about your city. Both cities offer great nightlife and entertainment while also providing an affordable, comfortable place to raise a family. In. You will enjoy living in Charlotte, North Carolina. Cost of Living Comparison Between Charlotte, NCand Dallas, TX You would need around 5,982.8$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. You would have to earn a salary of $54,248 to maintain your current standard of living. Choosing the right mortgage can help make your home buying journey easier and more affordable. All financial products, shopping products and services are presented without warranty. 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. How is this tool different from other resources out there? That's probably because we're. 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. These prices were last updated on March 04, 2023. There are ways to trim that down. 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. (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. 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. The cost of a monthly transit pass in Charlotte, NC is around $88.00. Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. The quote I got was on a 300k home in Dallas, it would cost about 7k in property taxes. from the Council for Community and Economic Research. North Carolina counties collect an average of 0.78 percent of property's estimated fair market value as property tax. Crowdsourced data is a vital part of the Internet, help us become better! $1,447. 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. Hopefully you will have a smooth commute in Charlotte, North Carolina, but be prepared for delays. 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. Transportation tends to cost 0.11% lower. According to the latest BLS data, consumers average over $7,000 per year on food expenses. However, there are of course several differences as well. The same type of job in the same type of company in Charlotte, NC will typically pay $58,996 . Sometimes you can get discount tickets on line. NerdWallet strives to keep its information accurate and up to date. Overall, the time and ease of your driving times will impact your. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.4 months in Dallas. A low rate can save you hundreds each year. Privacy Policy. For example, the cost of living in San Francisco is twice that of Boise, Idaho. If you prefer to download the image, please credit us as a source. The weather in Charlotte is ideal. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. than your current city. If you can't find a city, you can type the state name to see all cities available in that state. Looks like this move could have a negative net change in disposable income. from the Council for Community and Economic Research. Charlotte, NC. of boneless chicken breast, 0.5 l (16 oz) domestic beer in the supermarket, Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area, Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area, Utilities 1 month (heating, electricity, gas ) for 2 people in 85m2 flat, Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area, Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area, Utilities 1 month (heating, electricity, gas ) for 1 person in 45 m2 (480 sqft) studio, Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands), 1 summer dress in a high street store (zara, h&m or similar retailers), 1 pair of sport shoes (nike, adidas, or equivalent brands), Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new, Taxi trip on a business day, basic tariff, 8 km. Cost of Living Comparison Between Dallas, TXand Charlotte, NC You would need around 6,466.9$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. Comparisons improve with every new data that you enter. 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. Don't hesitate to reach out if you are contemplating moving and have any questions! 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. This information may be different than what you see when you visit a financial institution, service provider or specific products site. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. 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. 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. Shopping there can considerably reduce, If you love sports, you will love Dallas, TX! Ask your employer if they offer discounted passes to save even more money and reduce your cost of commuting and overall. Employers in Houston, TX typically pay 4.6% more than employeers in Charlotte, NC. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. Comparisons improve with every new data that you enter. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Charlottes architectural style tends to lean more towards Mid-Century Modern, Craftsman, and European (Primarily Victorian and Italianate). Utilities tend to cost 4.81% Charlotte, NC vs Dallas, TX, Copyright 2009-2023 Numbeo. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. 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. All financial products, shopping products and services are presented without warranty. Drivers will, on average, spend around 95 hours per year sitting in traffic, according to the Global Traffic Scorecard. Walkability and public transit scores were obtained fromWalk Score. 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? 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. The estimated average annual cost for child care in Dallas, Texas (based on state average), is $8759. 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. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. 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. According to the latest BLS data, consumers average over $7,000 per year on food expenses. 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. However, there are of course several differences as well. knowledge handy before you move can help set expectations or help you decide to move somewhere else. lower in Charlotte, 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. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Since groceries are an essential part of you, I love basketball. Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. 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. 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. Before you get the keys to your new home, you'll have to pay closing costs. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. 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. In Charlotte, North Carolina I go to a lot of Charlotte Hornets games. The cost of living in Houston, TX is -9.6% lower than in Charlotte, NC. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. This is the tax that you will pay on things that you buy. 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. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. Copyright 2009-2023 Numbeo. You would have to earn a salary of $62,735 to maintain your current standard of living. analyzes the cost of living differences between Charlotte and Dallas based on five categories: grocery, healthcare, housing, miscellaneous, transportation, and utilities. Corresponding. ), 1 min. If the weather is bad, commute time can double! 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. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. The biggest factors in any move are the standard of When evaluating offers, please review the financial institutions Terms and Conditions. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. The data gets better with every new price that you enter. 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. 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? 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. household income of: The cost of living is 3.98% There are ways to trim that down. Privacy Policy. Cost of Living Indexes: Charlotte, NC: Dallas, TX: Difference: Overall Index: Homeowner, No Child care, Taxes Not . This price can vary a lot if the distance is greater and depending on how much is being moved. If you would like to know the cost of living in other cities, then please enter a city name. But even then, the price of groceries is going to significantly influence your cost of living. Your lifestyle and what you prioritize will also play into whether a particular destination is suitable for your salary and ideal cost of living. Copyright 2009-2023 Numbeo. Jeff was initially licensed in 2004 and has held a Texas Real Estate Broker's License since 2009. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. All financial products, shopping products and services are presented without warranty. 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 contrast to Dallas, just under half of Charlotte households rent. Corresponding graduation rates for both cities are included in the chart below: Both Dallas and Charlotte are predominantly liberal. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. 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. Charlotte is snowier than Dallas, with an average of 4.3 inches of snow per year, whereas Dallas only sees about 1.2 inches of snow per year. 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. While other resources provide basic cost comparisons. - The average commute for residents of Charlotte is 1.5 minutes shorter than it is for residents of Dallas. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. Get free guidance on changes you can make to afford more home, without spending more. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 1.6 months in Miami. The average after-tax salary is enough to cover living expenses for 1.8 months in Charlotte compared to 2.2 months in Dallas. Weekly trips to the grocery store can add up, especially if food costs are high where you live. Dallas, TX vs Charlotte, NC Change Cities Highlights - Charlotte is 0% more densely populated than Dallas. 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. This cost is ranked NO. Cost of Living 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. Do not sell or share my personal information. You could eat out less, cut back on takeout and cook more often. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. 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. And it adds up. 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. Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. Rent contributes to a large part of the overall, Looks for areas of Charlotte, North Carolina where there is a large student population. higher. Get matched with a top agent in your area. 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. 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. 22% lower. 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. Here is a list of our partners. 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. 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. With that being said, Charlotte has a significant traffic problem, ranking as the 16th most highly congested city in the United States. 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. Make sure you include these moving costs into the overall. 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. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Before you get the keys to your new home, you'll have to pay closing costs. Furnished accommodation in EXPENSIVE area. Especially with the New Year upon us, you may be contemplating a move or want to weigh the pros and cons of both areas. 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. This is less expensive than the median home price in Charlotte, which is $265,000. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. 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. 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. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. While other resources provide basic cost comparisons. So, without further ado, let's dive into the similarities and differences between these two cities: The saying goes that everything is bigger in Texas, and Dallas is certainly no exception. The only thing between you and that home is With the ever-rising popularity and low cost of living in both. When evaluating offers, please review the financial institutions Terms and Conditions. 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. and 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. Ideally, youll find that you can afford the cost of living in your new destination, but having that The cost of living is 4% lower in Charlotte, NC. Choosing the right mortgage can help make your home buying journey easier and more affordable. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. Our partners compensate us. Housing Costs. Stores like Costco Wholesale are known to offer low prices. 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. Do these housing costs seem low to you? 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. We believe everyone should be able to make financial decisions with confidence. 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. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Are you sure you want to rest your choices? 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. In terms of space, Dallas is larger than Charlotte, measuring out at 385 square miles compared to Charlotte's 298 square miles. See Charlotte's complete City Life page. This comparison is lacking data. Energy costs in Charlotte,NC are generally going up. Here is a list of our partners. 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. The average cost of moving to another state is around $5,600 for a distance of 1,200 miles. 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. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. The cost of a monthly transit pass in Charlotte, NC is around $88.00. There are ways to trim that down. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses.