, Charlotte is slightly more affordable, offering cheaper housing and utility bills. analyzes the cost of living differences between Charlotte and Dallas based on five categories: grocery, healthcare, housing, miscellaneous, transportation, and utilities. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. 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. Overall, the time and ease of your driving times will impact your, In Dallas, TX, the average commute time is about 36.14 minutes. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 1.6 months in Miami. Make sure you include these moving costs into the overall. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. This is less expensive than the median home price in Charlotte, which is $265,000. 2023 Compare Cities Cost of Living: Dallas, TX vs Charlotte, NC Change Cities Highlights Charlotte is 1.3% less expensive than Dallas. See Charlotte's complete City Life page. Otherhand charlotte has other benefits. The cost of living in Charlotte is 10% less expensive than in Dallas. With the ever-rising popularity and low cost of living in both Charlotte and Dallas, I am frequently asked how the two cities compare. Proximity to employment is an important consideration because it can drastically impact your cost of living. And it adds up. Employers in Dallas, TX typically pay 1.7% more than employeers in Charlotte, NC. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. According to this analysis, Charlotte is slightly more affordable, offering cheaper housing and utility bills. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. One tip to reduce this cost and your overall, The average cost of moving to another state is around $5,600 for a distance of 1,200 miles. Are you sure you want to rest your choices? Cost of Living Comparison Between Dallas, TXand Charlotte, NC You would need around 6,466.9$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. One of the most important aspects to a good quality of life is good healthcare. The cost of living in Charlotte, NC is 4.6% higher than in Dallas, TX. 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. 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. 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. NerdWallet strives to keep its information accurate and up to date. 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. You might be using an unsupported or outdated browser. In Charlotte, North Carolina I go to a lot of Charlotte Hornets games. 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! 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. 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. The Charlotte metropolitan area's population ranks 22nd in the U.S., and had a 2016 population of 2,474,314. 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. Since groceries are an essential part of you, I love basketball. In contrast to Dallas, just under half of Charlotte households rent. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. higher. That's probably because we're measuring average costs for the larger metro area, not just the city limits. 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. > 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. Price collection by city is conducted in strict conformance with standard specifications at specified times. 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. These prices were last updated on March 04, 2023. Both cities offer great nightlife and entertainment while also providing an affordable, comfortable place to raise a family. Consider the miscellaneous category the catch-all for all other expenses, like the price of groceries, office supplies, clothing, vet services and more. The same type of job in the same type of company in Dallas, TX will typically pay $61,021 . And it adds up. Our partners cannot pay us to guarantee favorable reviews of their products or services. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. 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. Your use of this service is subject to our 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. And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. 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 average after-tax salary is enough to cover living expenses for 1.8 months in Charlotte compared to 2.2 months in Dallas. Jeff Knox is the Broker Owner of Knox & Associates REALTORS in DFW and the creator of most of the content on KnoxRE. Once you understand what they cover, they'll look less overwhelming. 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. Employers in Charlotte, NC typically pay -1.7% less than employers in Dallas, TX. 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 $1,000 depending on the city, what you are moving, and how much professional help you hire. Housing in Charlotte, North Carolina (United States) is 28% cheaper than in Dallas, Texas (United States) Update prices. 110$ billion vs 58$ billion 1.05$ lower cost of one single transportation ticket? 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 average time for commuting in Charlotte is 38.02 minutes. The cost of living in Houston, TX is -9.6% lower than in Charlotte, NC. Dallas Housing Options Homes For Sale New Homes Most Expensive Homes Charlotte Housing Options Homes For Sale Lowest Priced Homes Largest Homes Overview Get free guidance on changes you can make to afford more home, without spending more. According to the latest BLS data, consumers average over $7,000 per year on food expenses. This price can vary a lot if the distance is greater and depending on how much is being moved. How to Get Preapproved for a Mortgage and Why It Matters. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. The quote I got was on a 300k home in Dallas, it would cost about 7k in property taxes. Update prices. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. How is this tool different from other resources out there? lower 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 thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Weekly trips to the grocery store can add up, especially if food costs are high where you live. The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. 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. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. Your lifestyle and what you prioritize will also play into whether a particular destination is suitable for your salary and ideal cost of living. To maintain your standard of living in Charlotte, NC, you'll need a household income of: The cost of living is 7% lower in Charlotte, NC. This assumes net earnings (after income tax). You would have to earn a salary of $57,384 to maintain your current standard of living. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. Here's how to know how much you really need. 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. from the Council for Community and Economic Research. If you plan to drive to work, also do some research on average traffic in your destination town or city. The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. 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. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Walkability and public transit scores were obtained fromWalk Score. Getting to work is important. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Another way to make your move easier and save money is by weeding out items you dont need anymore. 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. Homes tend to cost 25.98% If you are looking for an experienced real estate agent in Dallas to help guide you through your search. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. Since he has 2 children, he needs to have a large apartment. 31 nationally. If you can't find a city, you can type the state name to see all cities available in that state. 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. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. NC, you'll need a All financial products, shopping products and services are presented without warranty. You will enjoy living in Charlotte, North Carolina. The cost of living in Charlotte is 25% less expensive than in Miami. Hopefully you will have a smooth commute in Charlotte, North Carolina, but be prepared for delays. Privacy Policy. 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. The cost of living in Dallas is higher than in Charlotte. 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. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. 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. 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. lower. 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. In Charlotte, North Carolina I go to a lot of Charlotte Hornets games. The median property tax in North Carolina is $1,209 per year for a home worth the median value of $155,500. 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. How much more or less will pay for the same or similar job be in the new city? The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. the estimated difference in money purchasing power. A salary of $189,000 in Charlotte, North Carolina should increase to $191,464 in Dallas, Texas . The only thing between you and that home is With the ever-rising popularity and low cost of living in both. North Carolina counties collect an average of 0.78 percent of property's estimated fair market value as property tax. Sometimes you can get discount tickets on line. So how do we make money? The weather in Charlotte is ideal. Dallas, TX vs Charlotte, NC Change Cities Highlights - Charlotte is 0% more densely populated than Dallas. Especially with the New Year upon us, you may be contemplating a move or want to weigh the pros and cons of both areas. Copyright 2009-2023 Numbeo. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. 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. Charlottes architectural style tends to lean more towards Mid-Century Modern, Craftsman, and European (Primarily Victorian and Italianate). Terms of Use and According to the latest BLS data, consumers average over $7,000 per year on food expenses. 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. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Copyright 2009-2023 Numbeo. You should factor this commuting time into your overall. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.4 months in Dallas. 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. There are ways to trim that down. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. All Rights Reserved. Cost 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.