That's probably because we're. Even if your employer is covering the cost of a move, there will still be costs that are not covered. You will enjoy living in Charlotte, North Carolina. 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. But even then, the price of groceries is going to significantly influence your cost of living. - People are 3.8% more likely to be married in Charlotte. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Housing Costs. Your use of this service is subject to our How to Get Preapproved for a Mortgage and Why It Matters. The annual median price of a home in Dallas is $175,600. In terms of space, Dallas is larger than Charlotte, measuring out at 385 square miles compared to Charlotte's 298 square 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. 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 quote I got was on a 300k home in Dallas, it would cost about 7k in property taxes. The cost of a monthly transit pass in Charlotte, NC is around $88.00. According to the latest BLS data, consumers average over $7,000 per year on food expenses. 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. - Charlotte housing costs are 16.0% more expensive than Dallas housing costs. But even then, the price of groceries is going to significantly influence your cost of living. Charlottes architectural style tends to lean more towards Mid-Century Modern, Craftsman, and European (Primarily Victorian and Italianate). Employers in Houston, TX typically pay 4.6% more than employeers in Charlotte, NC. Weekly trips to the grocery store can add up, especially if food costs are high where you live. 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. These prices were last updated on March 04, 2023. The cost of living in Dallas is higher than in Charlotte. Both cities offer great nightlife and entertainment while also providing an affordable, comfortable place to raise a family. North Carolina counties collect an average of 0.78 percent of property's estimated fair market value as property tax. 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. 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. 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. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. The cost of a monthly transit pass in Charlotte, NC is around $88.00. How Much Down Payment Do You Need to Buy a Home. Energy costs in Charlotte,NC are generally going up. 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. Pricing for various packages can vary a lot even in the same location. 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. That's probably because we're measuring average costs for the larger metro area, not just the city limits. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. This is the tax that you will pay on things that you buy. Proximity to employment is an important consideration because it can drastically impact your cost of living. The biggest factors in any move are the standard of According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. Here's how to know how much you really need. The average after-tax salary is enough to cover living expenses for 1.8 months in Charlotte compared to 2.2 months in Dallas. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Stores like Costco Wholesale are known to offer low prices. 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. Here's how to know how much you really need. Before you get the keys to your new home, you'll have to pay closing costs. This information may be different than what you see when you visit a financial institution, service provider or specific products site. 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.) Corresponding. Charlotte, North Carolina. According to the latest BLS data, consumers average over $7,000 per year on food expenses. lower in Charlotte, Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. Proximity to employment is an important consideration because it can drastically impact your cost of living. While Charlotte's metro area is smaller than in Dallas, both cities have experienced significant growth in the past decade. NC. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.4 months in Dallas. The median property tax in North Carolina is $1,209 per year for a home worth the median value of $155,500. The cost of living in Houston, TX is -9.6% lower than in Charlotte, NC. Cost of Living Comparison Between Charlotte, NCand Dallas, TX You would need around 5,982.8$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 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. With the ever-rising popularity and low cost of living in both Charlotte and Dallas, I am frequently asked how the two cities compare. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. 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, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. Planning a move to another town, city or state? We believe everyone should be able to make financial decisions with confidence. lower This information may be different than what you see when you visit a financial institution, service provider or specific products site. Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area. 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. Dallas, TX vs Charlotte, NC Change Cities Highlights - Charlotte is 0% more densely populated than Dallas. 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. Copyright 2009-2023 Numbeo. How is this tool different from other resources out there? The same type of job in the same type of company in Houston, TX will typically pay $62,782 . And it adds up. But even then, the price of groceries is going to significantly influence your cost of living. Especially with the New Year upon us, you may be contemplating a move or want to weigh the pros and cons of both areas. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. Please consider telling us about your city. Dallas Housing Options Homes For Sale New Homes Most Expensive Homes Charlotte Housing Options Homes For Sale Lowest Priced Homes Largest Homes Overview Charlotte (/rlt/) is the most populous city in the U.S. state of North Carolina. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. 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. 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. The weather in Charlotte is ideal. Walkability and public transit scores were obtained fromWalk Score. The sales tax for Dallas is 6.25%. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Walkability and public transit scores were obtained fromWalk Score. Use the link below to embed the infographic from our site and automatically keep the data layer up to date. Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. This cost is ranked NO. 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. If you are looking for an experienced real estate agent in Dallas to help guide you through your search, contact usto speak with local experts.Significantly more people own a home in Dallas rather than rent, which makes sense given the affordable median cost of homes in the area. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Housing in Charlotte, North Carolina (United States) is 28% cheaper than in Dallas, Texas (United States) Update prices. less than your current Copyright 2009-2023 Numbeo. 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. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. Energy costs in Charlotte,NC are generally going up. 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. The cost of electricity can have a bigger than average impact of your overall, I am single and live in Charlotte,NC, I rent a small studio and the monthly rent is $1125 . So how do we make money? Drivers will, on average, spend around 95 hours per year sitting in traffic, according to the Global Traffic Scorecard. Health related expenses are 3.2% less in Charlotte. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. 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. Since he has 2 children, he needs to have a large apartment. 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. There are ways to trim that down. 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. Hiring movers will be on the more expensive side. > Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Dallas, Texas. 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 is larger in size and slightly cheaper of the two surely is tempting. You could eat out less, cut back on takeout and cook more often. You will enjoy living in Charlotte, North Carolina. Comparisons improve with every new data that you enter. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Jeff Knox is the Broker Owner of Knox & Associates REALTORS in DFW and the creator of most of the content on KnoxRE. In terms of architectural style, Dallas features mostly Mediterranean or Ranch style homes. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). Since groceries are an essential part of you, I love basketball. Get free guidance on changes you can make to afford more home, without spending more. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. Get free guidance on changes you can make to afford more home, without spending more. And it adds up. 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. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. Pre-qualified offers are not binding. This is less expensive than the median home price in Charlotte, which is $265,000. All financial products, shopping products and services are presented without warranty. Cost of Living Comparison Between Dallas, TXand Charlotte, NC You would need around 6,466.9$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. There are so many reasons to love both cities; it's hard to go wrong with either choice. 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. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. > (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. Our partners compensate us. The same type of job in the same type of company in Charlotte, NC will typically pay $58,996 . The sales tax for Charlotte is 4.75%. Here is a list of our partners. 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. 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. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. How much more or less will pay for the same or similar job be in the new city? If you prefer to download the image, please credit us as a source. How To Find The Cheapest Travel Insurance. Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Why bother to move stuff that you do not even use! Here is a list of our partners. 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. If you plan to drive to work, also do some research on average traffic in your destination town or city. 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. Weekly trips to the grocery store can add up, especially if food costs are high where you live. Homes tend to cost 25.98% How does Charlotte compare to Dallas? The average cost of moving to another state is around $5,600 for a distance of 1,200 miles. 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. 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? 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. 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. 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. 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. 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. 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. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Prices for goods and services in Charlotte and Dallas are partly crowdsourced by our visitors, just like yourself. Get your true budget and find a home with ease. Do not sell or share my personal information. While other resources provide basic cost comparisons. Located in the Piedmont, it is the county seat of Mecklenburg County. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. For example, the cost of an unlimited MetroCard in New York was obtained from the. for both cities are included in the chart below: Both Dallas and Charlotte are predominantly liberal. The estimated average annual cost for child care in Dallas, Texas (based on state average), is $8759. So how do we make money? Do not sell or share my personal information. Some stores like Kroger offer frequent discounts or loyalty programs that can save you even more at the checkout. Pre-qualified offers are not binding. United States vs United States 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. Shopping there can considerably reduce, If you love sports, you will love Dallas, TX!