This is the tax that you will pay on things that you buy. The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. According to this analysis, Charlotte is slightly more affordable, offering cheaper housing and utility bills. Thinking about moving to another city? This is less expensive than the median home price in Charlotte, which is $265,000. lower. It is possible that electric rates may fluctuate depending on consumption rates, government regulations and even the weather. 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. 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. 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. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). Jeff may be reached directly at [emailprotected], Both the advantages of Dallas and Charlotte is explained beautifully in here. If the weather is bad, commute time can double! So how do we make money? The estimated average annual cost for child care in Dallas, Texas (based on state average), is $8759. 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. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Health related expenses are 3.2% less in Charlotte. For example, the cost of an unlimited MetroCard in New York was obtained from the. You would have to earn a salary of $62,735 to maintain your current standard of living. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Corresponding graduation rates for both cities are included in the chart below: Both Dallas and Charlotte are predominantly liberal. > How much more or less will pay for the same or similar job be in the new city? Our partners compensate us. However, there are of course several differences as well. 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. But even then, the price of groceries is going to significantly influence your cost of living. 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. 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. The only thing between you and that home is With the ever-rising popularity and low cost of living in both. - People are 3.8% more likely to be married in Charlotte. 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. Expatistan is a collaborative effort. You could eat out less, cut back on takeout and cook more often. 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. 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. 2023 Compare Cities Cost of Living: Dallas, TX vs Charlotte, NC Change Cities Highlights Charlotte is 1.3% less expensive than Dallas. 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.) Prices for goods and services in Charlotte and Dallas are partly crowdsourced by our visitors, just like yourself. 31 nationally. Once you understand what they cover, they'll look less overwhelming. The cost of living is 4% lower in Charlotte, NC. Both Dallas and Charlotte are large cities that require a car to get around. 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? The cost of living in Charlotte is 8% more expensive than in Dallas. Your lifestyle and what you prioritize will also play into whether a particular destination is suitable for your salary and ideal cost of living. 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. Median 2-bedroom apartment rent. 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. Your use of this service is subject to our Once you understand what they cover, they'll look less overwhelming. 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? There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. household income of: The cost of living is 3.98% Price collection by city is conducted in strict conformance with standard specifications at specified times. Housing in Charlotte, North Carolina (United States) is 28% cheaper than in Dallas, Texas (United States) Update prices. That's probably because we're. Keep in mind that the tickets tend to be expensive, so you need to manage your entertainment budget carefully. 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. ), 1 min. . Even if your employer is covering the cost of a move, there will still be costs that are not covered. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. Charlotte, North Carolina (United States). Get free guidance on changes you can make to afford more home, without spending more. A low rate can save you hundreds each year. According to the latest BLS data, consumers average over $7,000 per year on food expenses. - Charlotte housing costs are 16.0% more expensive than Dallas housing costs. 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. Walkability and public transit scores were obtained fromWalk Score. Since groceries are an essential part of you, I love basketball. How To Find The Cheapest Travel Insurance. , Charlotte is slightly more affordable, offering cheaper housing and utility bills. $2,318. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Both Dallas and Charlotte boast a well-educated population, with around 42 percent of those in Charlotte having graduated college and about a third in Dallas. This price can vary a lot if the distance is greater and depending on how much is being moved. Otherhand charlotte has other benefits. United States vs United States Looks like this move could have a negative net change in disposable income. than your current city. Please consider telling us about your city. Get free guidance on changes you can make to afford more home, without spending more. But even then, the price of groceries is going to significantly influence your cost of living. 30.04% lower population density? Another question that is independant of my questions earlier are opinions on the housing market. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from the, Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Cost of Living Comparison Between Dallas, TXand Charlotte, NC You would need around 6,466.9$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. Your use of this service is subject to our. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. 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. Hiring movers will be on the more expensive side. knowledge handy before you move can help set expectations or help you decide to move somewhere else. 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 living in San Francisco is twice that of Boise, Idaho. 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. Compare Cities When evaluating offers, please review the financial institutions Terms and Conditions. 2023 Forbes Media LLC. 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. Don't hesitate to reach out if you are contemplating moving and have any questions! 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. Charlotte (/rlt/) is the most populous city in the U.S. state of North Carolina. If you would like to know the cost of living in other cities, then please enter a city name. Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area. Ideally, youll find that you can afford the cost of living in your new destination, but having that So how do we make money? 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. from Charlotte, NC with a salary of $60,000, View Minimum Wage Values in Charlotte and Dallas Compared with the Cost of Living. Price collection by city is conducted in strict conformance with standard specifications at specified times. 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. The cost of living in Dallas is higher than in Charlotte. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. All financial products, shopping products and services are presented without warranty. 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. Our partners cannot pay us to guarantee favorable reviews of their products or services. The Charlotte metropolitan area's population ranks 22nd in the U.S., and had a 2016 population of 2,474,314. Tell us your opinion about traffic in Dallas, TX. Our partners cannot pay us to guarantee favorable reviews of their products or services. lower in Charlotte, Rent contributes to a large part of the overall, Looks for areas of Charlotte, North Carolina where there is a large student population. You would have to earn a salary of $57,384 to maintain your current standard of living. The time you spend commuting is time you do not have to do other things, so it is valuable. How does Charlotte compare to Dallas? The sales tax for Dallas is 6.25%. 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. Getting to work is important. 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. Both Dallas and Charlotte are large cities that require a car to get around. You could eat out less, cut back on takeout and cook more often. Here is a list of our partners. Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1 lb) (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 915 sq ft Apartment, 1 min. Dallas tends to get very hot in the summer, more so than Charlotte, but it also has lower humidity and less rain. Sometimes you can get discount tickets on line. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs.