We believe everyone should be able to make financial decisions with confidence. Dallas is larger in size and slightly cheaper of the two surely is tempting. 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. Drivers will, on average, spend around 95 hours per year sitting in traffic, according to the Global Traffic Scorecard. Austin, TX. 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. The quote I got was on a 300k home in Dallas, it would cost about 7k in property taxes. 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. Dallas, TX vs Charlotte, NC Change Cities Highlights - Charlotte is 0% more densely populated than Dallas. 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. According to the latest BLS data, consumers average over $7,000 per year on food expenses. 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. Walkability and public transit scores were obtained fromWalk Score. 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. Pre-qualified offers are not binding. Get free guidance on changes you can make to afford more home, without spending more. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. Charlotte, North Carolina. Drivers will, on average, spend around 95 hours per year sitting in traffic, according to the. 2023 Forbes Media LLC. The Charlotte metropolitan area's population ranks 22nd in the U.S., and had a 2016 population of 2,474,314. Shopping there can considerably reduce, If you love sports, you will love Dallas, TX! There are ways to trim that down. than your current city. Some colleges and universities with Childhood Education programs also may have day care centers available at reduced costs, so you should explore those possibilities to see if you can reduce your child care expense. 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. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. But even then, the price of groceries is going to significantly influence your cost of living. Corresponding. Employers in Houston, TX typically pay 4.6% more than employeers in Charlotte, NC. Choosing the right mortgage can help make your home buying journey easier and more affordable. 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. - People are 3.8% more likely to be married in Charlotte. The cost of living in Dallas is higher than in Charlotte. Use the link below to embed the infographic from our site and automatically keep the data layer up to date. If you are looking for an experienced real estate agent in Dallas to help guide you through your search. Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. One of the most important aspects to a good quality of life is good healthcare. Jeff may be reached directly at [emailprotected], Both the advantages of Dallas and Charlotte is explained beautifully in here. 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. What is the breakdown of the cost of living? There are ways to trim that down. Ranked 52nd vs 23rd best cities to live in the United States, and 195th vs 104th among the best cities to live in the world. 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. 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. You might be using an unsupported or outdated browser. Get your true budget and find a home with ease. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. Hopefully you will have a smooth commute in Charlotte, North Carolina, but be prepared for delays. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. All financial products, shopping products and services are presented without warranty. Here's how to know how much you really need. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. higher. Do these housing costs seem low to you? 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. Charlottes architectural style tends to lean more towards Mid-Century Modern, Craftsman, and European (Primarily Victorian and Italianate). Because the price of goods and services varies from one city to the next, calculating the cost of living will determine how affordable it is to live in a certain area. 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. 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. You could eat out less, cut back on takeout and cook more often. 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. Overall, the time and ease of your driving times will impact your, In Dallas, TX, the average commute time is about 36.14 minutes. The sales tax for Charlotte is 4.75%. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. 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. Dallas, Texas. 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. Employers in Dallas, TX typically pay 1.7% more than employeers in Charlotte, NC. A cost that typically occurs is that your existing furniture and accessories are either too large, too small, or not appropriate for your new home. 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 average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.9 months in Houston. 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. NerdWallet strives to keep its information accurate and up to date. And it adds up. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. Since there are football, baseball, basketball, hockey teams, you can go to a lot of games. 2.20$ vs 3.25$ 4.7C lower average minimum temperature? Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. Corresponding graduation rates for both cities are included in the chart below: Both Dallas and Charlotte are predominantly liberal. 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. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. 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. Rent contributes to a large part of the overall, Looks for areas of Charlotte, North Carolina where there is a large student population. The annual median price of a home in Dallas is $175,600. Keep in mind that the tickets tend to be expensive, so you need to manage your entertainment budget carefully. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood.For homeowners, there are more expenses to consider than just the monthly mortgage payment. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. Get matched with a top agent in your area. Here's how to know how much you really need. and Dallas, I am frequently asked how the two cities compare. These prices were last updated on March 04, 2023. cost of living in charlotte, nc vs dallas, tx https://iccleveland.org/wp-content/themes/icc/images/empty/thumbnail.jpg 150 150 ICC ICC https://iccleveland.org/wp . There are so many reasons to love both cities; it's hard to go wrong with either choice. You can save some expense by packing boxes yourself, renting a U-Haul truck, and asking friends and family to help with the loading and unloading. Compare Cities You could eat out less, cut back on takeout and cook more often. Have a yard sale or find a local charitable organization and donate items you no longer use. How is this tool different from other resources out there? 110$ billion vs 58$ billion 1.05$ lower cost of one single transportation ticket? The time you spend commuting is time you do not have to do other things, so it is valuable. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. There are ways to trim that down. 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. How Much Down Payment Do You Need to Buy a Home. Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. Significantly more people own a home in Dallas rather than rent, which makes sense given the affordable median cost of homes in the area. The cost of living in Houston, TX is -9.6% lower than in Charlotte, NC. Even if your employer is covering the cost of a move, there will still be costs that are not covered. Make sure you include these moving costs into the overall. $1,734. Get your true budget and find a home with ease. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. The cost of electricity in Texas has gone up by 1.883% in the past year. Pre-qualified offers are not binding. The median property tax in North Carolina is $1,209 per year for a home worth the median value of $155,500. Hiring movers will be on the more expensive side. You will enjoy living in Charlotte, North Carolina. While other resources provide basic cost comparisons. 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. With that being said, Charlotte has a significant traffic problem, ranking as the 16th most highly congested city in the United States. In. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. The cost of living in Charlotte, NC is 4.6% higher than in Dallas, TX. living and what salary youll need to make in order to reach that standard. Cities ranked 463rd and 643rd ( $2038 vs $1955) in the list of the most expensive cities in the world and ranked 365th and 526th in the 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. Walkability and public transit scores were obtained fromWalk Score. Proximity to employment is an important consideration because it can drastically impact your cost of living. The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. 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. Overall, the time and ease of your driving times will impact your. Sometimes you can get discount tickets on line. Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. Some stores like Kroger offer frequent discounts or loyalty programs that can save you even more at the checkout. lower Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. How is this tool different from other resources out there? 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. The cost of living in Charlotte, NC is 3.98% This comparison is lacking data. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. The average cost of moving to another state is around $5,600 for a distance of 1,200 miles. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. 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. And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. In terms of architectural style, Dallas features mostly Mediterranean or Ranch style homes. Pre-qualified offers are not binding. Disclaimer: NerdWallet strives to keep its information accurate and up to date. And it adds up. 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. 31 nationally. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. higher. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Our partners cannot pay us to guarantee favorable reviews of their products or services. Charlotte, NC vs Dallas, TX, Copyright 2009-2023 Numbeo. 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 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. This is the tax that you will pay on things that you buy. 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. Diff. NC. 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. The sales tax for Charlotte is 4.75%. Consider the miscellaneous category the catch-all for all other expenses, like the price of groceries, office supplies, clothing, vet services and more. Weekly trips to the grocery store can add up, especially if food costs are high where you live. While I understand the big box, national portal sites like Zillow, Trulia, & Realtor.com are popular with consumers, you You might be closer to buying the home of your dreams than you think. All financial products, shopping products and services are presented without warranty. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. 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. How much more or less will pay for the same or similar job be in the new city? 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. Cities ranked 463rd and 271st ( $2038 vs $2268) in the list of the most expensive cities in the world and ranked 365th and 211th in the United States. Are you sure you want to rest your choices? The cost of living in Charlotte is 10% less expensive than in Dallas. What is the breakdown of the cost of living? Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. 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. In terms of space, Dallas is larger than Charlotte, measuring out at 385 square miles compared to Charlotte's 298 square miles. Proximity to employment is an important consideration because it can drastically impact your cost of living. lower in Charlotte, from Charlotte, NC with a salary of $60,000, View Minimum Wage Values in Charlotte and Dallas Compared with the Cost of Living. Cost of Living Indexes: Charlotte, NC: Dallas, TX: Difference: Overall Index: Homeowner, No Child care, Taxes Not . 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. Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area. This is less expensive than the median home price in Charlotte, which is $265,000. This is the tax that you will pay on things that you buy. According to the latest BLS data, consumers average over $7,000 per year on food expenses. Transportation tends to cost 0.11% And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. However, there are of course several differences as well. 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. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). You should factor this commuting time into your overall. This can vary depending on the time of day, day of week, and the weather and road conditions. Weekly trips to the grocery store can add up, especially if food costs are high where you live. If the weather is bad, commute time can double! Getting to work is important. Even if your employer is covering the cost of a move, there will still be costs that are not covered. The cost of a monthly transit pass in Charlotte, NC is around $88.00. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.4 months in Dallas. 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. Choosing the right mortgage can help make your home buying journey easier and more affordable. Here is a list of our partners. North Carolina counties collect an average of 0.78 percent of property's estimated fair market value as property tax. 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. But even then, the price of groceries is going to significantly influence your cost of living. 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. Dallas Housing Options Homes For Sale New Homes Most Expensive Homes Charlotte Housing Options Homes For Sale Lowest Priced Homes 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. Another way to make your move easier and save money is by weeding out items you dont need anymore. All Rights Reserved. In Charlotte, North Carolina I go to a lot of Charlotte Hornets games. from the Council for Community and Economic Research. Renting a truck or renting a moving container is usually cheaper but requires more work. > Proximity to employment is an important consideration because it can drastically impact your cost of living. Dallas tends to get very hot in the summer, more so than Charlotte, but it also has lower humidity and less rain. 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. The estimated average annual cost for child care in Dallas, Texas (based on state average), is $8759. When evaluating offers, please review the financial institutions Terms and Conditions. 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. When I compare Dallas to Charlotte in regards to cost of living. Copyright 2009-2023 Numbeo. Even if your employer is covering the cost of a move, there will still be costs that are not covered. Read more from, Some stores like Kroger offer frequent discounts or loyalty programs that can save you even more at the checkout. If you would like to know the cost of living in other cities, then please enter a city name. household income of: The cost of living is 3.98% Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. The average time for commuting in Charlotte is 38.02 minutes. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). If you can't find a city, you can type the state name to see all cities available in that state. Once you understand what they cover, they'll look less overwhelming. Update prices. 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. Sports tickets can increase your, The average cost of internet access in the U.S. is $66.20 per month. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. 80.00$ vs 96.00$ 52$ billion higher GDP (PPP)? So how do we make money? Why bother to move stuff that you do not even use! All financial products, shopping products and services are presented without warranty. How Much Down Payment Do You Need to Buy a Home. 2023 Compare Cities Cost of Living: Dallas, TX vs Charlotte, NC Change Cities Highlights Charlotte is 1.3% less expensive than Dallas. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Ask your employer if they offer discounted passes to save even more money and reduce your cost of commuting and overall. Comparisons improve with every new data that you enter. Pricing for various packages can vary a lot even in the same location. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Some people purchase a season ticket with a group of friends and take turns going to the games. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. 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. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. Price collection by city is conducted in strict conformance with standard specifications at specified times. 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.