Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. 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. - People are 3.8% more likely to be married in Charlotte. And it adds up. The cost of living in Dallas is higher than in Charlotte. 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. 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. Terms of Use and Employers in Dallas, TX typically pay 1.7% more than employeers in Charlotte, NC. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. 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. You would have to earn a salary of $54,248 to maintain your current standard 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. Charlotte (/rlt/) is the most populous city in the U.S. state of North Carolina. Charlottes architectural style tends to lean more towards Mid-Century Modern, Craftsman, and European (Primarily Victorian and Italianate). Use the link below to embed the infographic from our site and automatically keep the data layer up to date. But even then, the price of groceries is going to significantly influence your cost of living. Getting to work is important. What is the breakdown of the cost of living? All Rights Reserved. According to the latest BLS data, consumers average over $7,000 per year on food expenses. 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. 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? Walkability and public transit scores were obtained fromWalk Score. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Energy costs in Charlotte,NC are generally going up. Dallas Housing Options Homes For Sale New Homes Most Expensive Homes Charlotte Housing Options Homes For Sale Lowest Priced Homes 30.04% lower population density? Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. and Dallas, I am frequently asked how the two cities compare. Prices for goods and services in Charlotte and Dallas are partly crowdsourced by our visitors, just like yourself. 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. There are ways to trim that down. The sales tax for Charlotte is 4.75%. Employers in Houston, TX typically pay 4.6% more than employeers in Charlotte, NC. 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. 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. Our partners cannot pay us to guarantee favorable reviews of their products or services. Dallas vs. Charolotte: Best Places to Live in 2020 - KnoxRE.com Dallasites are incredibly passionate about sports, especially considering the Dallas Cowboys home games are one of the most highly attended sports events in the United States. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. The data gets better with every new price that you enter. Jeff Knox is the Broker Owner of Knox & Associates REALTORS in DFW and the creator of most of the content on KnoxRE. This cost is ranked NO. 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. All financial products, shopping products and services are presented without warranty. Charlotte, North Carolina. There are ways to trim that down. 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. The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. The same type of job in the same type of company in Charlotte, NC will typically pay $58,996 . Mecklenburg County, where Charlotte is located, 62.3% voted Democratin the 2016 presidential election,32.9% voted Republican, and the remaining4.8% voted Independent. 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. It is possible that electric rates may fluctuate depending on consumption rates, government regulations and even the weather. 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. United States vs United States Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. This one is a toss-up because it depends on what matters more to you. Some people purchase a season ticket with a group of friends and take turns going to the games. 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. > 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. A cost of living index allows you to directly compare what it costs to live in one area against another, helping you understand how far your money can go in each place. You would have to earn a salary of $57,384 to maintain your current standard of living. Our partners compensate us. Both Dallas and Charlotte share some characteristics in that they offer warm temperatures with mild winters, a lower cost of living compared to other major cities, and other similarities. Whether you use a cost of living index or a cost of living calculator, each will help you feel more confident in deciding where to live. Cost of Living Comparison Between Charlotte, NCand Dallas, TX You would need around 5,982.8$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. Choosing the right mortgage can help make your home buying journey easier and more affordable. This can vary depending on the time of day, day of week, and the weather and road conditions. Renting a truck or renting a moving container is usually cheaper but requires more work. 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. 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. Planning a move to another town, city or state? According to this analysis, Charlotte is slightly more affordable, offering cheaper housing and utility bills. This comparison is lacking data. Cost of Living Comparison between Charlotte, NC vs Houston, TX Do these housing costs seem low to you? A low rate can save you hundreds each year. Charlotte, North Carolina (United States). Your use of this service is subject to our. If you are looking for an experienced real estate agent in Dallas to help guide you through your search. NerdWallet strives to keep its information accurate and up to date. 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. The cost of living in Charlotte is 4% more expensive than in Houston. A low rate can save you hundreds each year. analyzes the cost of living differences between Charlotte and Dallas based on five categories: grocery, healthcare, housing, miscellaneous, transportation, and utilities. That's probably because we're. knowledge handy before you move can help set expectations or help you decide to move somewhere else. NerdWallet strives to keep its information accurate and up to date. Relocation Comparison: North Carolina vs Texas Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. 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. All financial products, shopping products and services are presented without warranty. The same type of job in the same type of company in Houston, TX will typically pay $62,782 . According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. 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. 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. Full Cost of Living comparison Charlotte, North Carolina vs Dallas, Texas. This is the tax that you will pay on things that you buy. cost of living in charlotte, nc vs dallas, tx A salary of $189,000 in Charlotte, North Carolina should increase to $191,464 in Dallas, Texas . Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Charlotte vs Dallas: What is the difference? - VERSUS 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 estimated difference in money purchasing power. Compare Cities According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. (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. 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. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. 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 .