than your current city. In terms of architectural style, Dallas features mostly Mediterranean or Ranch style homes. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. 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. 22% lower. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. 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. 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. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. 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. With that being said, Charlotte has a significant traffic problem, ranking as the 16th most highly congested city in the United States. Hopefully you will have a smooth commute in Charlotte, North Carolina, but be prepared for delays. Do these housing costs seem low to you? Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. Rent contributes to a large part of the overall, Looks for areas of Charlotte, North Carolina where there is a large student population. Get matched with a top agent in your area. And it adds up. While other resources provide basic cost comparisons. Even if your employer is covering the cost of a move, there will still be costs that are not covered. In contrast to Dallas, just under half of Charlotte households rent. In Dallas,TX, my friend pays $1110 for a large 2 bedroom apartment. Choosing the right mortgage can help make your home buying journey easier and more affordable. Cost of Living Indexes: Charlotte, NC: Dallas, TX: Difference: Overall Index: Homeowner, No Child care, Taxes Not . 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. 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. Get free guidance on changes you can make to afford more home, without spending more. Some employers have company provided day care centers that let you bring your child to work with you and receive care on site. And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. 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. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. It is comprised of nearly 100,000 data points gathered primarily by C2ER members located in 400 cities.. If you plan to drive to work, also do some research on average traffic in your destination town or city. The same type of job in the same type of company in Dallas, TX will typically pay $61,021 . 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. This is the tax that you will pay on things that you buy. Since groceries are an essential part of you, I love basketball. Both Dallas and Charlotte feature warm climates, with humid summers and mild winters. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. The biggest factors in any move are the standard of More traffic means more gas spent. 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 $1125 . - The Median Age is 1.4 years older in Charlotte. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners compensate us. See Charlotte's complete City Life page. Privacy Policy. Especially with the New Year upon us, you may be contemplating a move or want to weigh the pros and cons of both areas. Make sure you budget for these types of expenses and include them in the first years, The current electric rate cost in Charlotte,NC is 11.07 / kWh, which is up compared to the rest of the United States. If the weather is bad, commute time can double! There are ways to trim that down. When evaluating offers, please review the financial institutions Terms and Conditions. 80.00$ vs 96.00$ 52$ billion higher GDP (PPP)? Due to the plethora of state taxes, local taxes, jurisdictions and assessment procedures involved in the assessment of income, property and sales taxes, local tax rates cannot be accurately calculated. Crowdsourced data is a vital part of the Internet, help us become better! Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. 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. However, there are of course several differences as well. 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. Price collection by city is conducted in strict conformance with standard specifications at specified times. The cost of living in Dallas is higher than in Charlotte. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. The cost of living in Dallas, TX is -4.4% lower than in Charlotte, NC. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. The sales tax for Charlotte is 4.75%. 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. Here is a list of our partners. 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. There are ways to trim that down. $2,318. 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. Charlotte, North Carolina. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. 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 2.6 months in Charlotte compared to 2.9 months in Houston. How does Charlotte compare to Dallas? Get free guidance on changes you can make to afford more home, without spending more. 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. You should factor this commuting time into your overall. The cost of a monthly transit pass in Charlotte, NC is around $88.00. Dallas, TX vs Charlotte, NC Change Cities Highlights - Charlotte is 0% more densely populated than Dallas. 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. Our partners cannot pay us to guarantee favorable reviews of their products or services. 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. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Get your true budget and find a home with ease. 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. When evaluating offers, please review the financial institutions Terms and Conditions. Housing in Charlotte, North Carolina (United States) is 28% cheaper than in Dallas, Texas (United States) Update prices. Dallas Housing Options Homes For Sale New Homes Most Expensive Homes Sometimes you can get discount tickets on line. Significantly more people own a home in Dallas rather than rent, which makes sense given the affordable median cost of homes in the area. Hiring movers will be on the more expensive side. 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. 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. 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. Proximity to employment is an important consideration because it can drastically impact your cost of living. The sales tax for Charlotte is 4.75%. Employers in Houston, TX typically pay 4.6% more than employeers in Charlotte, NC. While Charlotte's metro area is smaller than in Dallas, both cities have experienced significant growth in the past decade. for both cities are included in the chart below: Both Dallas and Charlotte are predominantly liberal. 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. However, there are of course several differences as well. 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. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. Get matched with a top agent in your area. 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. Your use of this service is subject to our. 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. According to the latest BLS data, consumers average over $7,000 per year on food expenses. Weekly trips to the grocery store can add up, especially if food costs are high where you live. When evaluating offers, please review the financial institutions Terms and Conditions. With that being said, Charlotte has a significant traffic problem, ranking as the 16th most highly congested city in the United States. In 2017, the U.S. Census Bureau estimated the population was 859,035, making it the 17th-most populous city in the United States. Before you get the keys to your new home, you'll have to pay closing costs. 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! These prices were last updated on March 04, 2023. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. 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. 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. But even then, the price of groceries is going to significantly influence your cost of living. The cost of a monthly transit pass in Charlotte, NC is around $88.00. Do not sell or share my personal information. Drivers will, on average, spend around 95 hours per year sitting in traffic, according to the Global Traffic Scorecard. 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 rent for 85 m2 (900 sqft) furnished accommodation in expensive area. Charlotte, North Carolina (United States). To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. 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. Diff. Planning a move to another town, city or state? 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. 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. 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. 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 only thing between you and that home is With the ever-rising popularity and low cost of living in both. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Why bother to move stuff that you do not even use! The quote I got was on a 300k home in Dallas, it would cost about 7k in property taxes. While other resources provide basic cost comparisons.