Health related expenses are 3.2% less in Charlotte. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. Getting to work is important. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. 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. 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. Sports tickets can increase your, The average cost of internet access in the U.S. is $66.20 per month. Planning a move to another town, city or state? 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? 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. I can understand why these places are in demand. 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. If you prefer to download the image, please credit us as a source. 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. Since there are football, baseball, basketball, hockey teams, you can go to a lot of games. Especially with the New Year upon us, you may be contemplating a move or want to weigh the pros and cons of both areas. The cost of living in Charlotte, NC is 4.6% higher than in Dallas, TX. Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. The biggest factors in any move are the standard of Charlotte, North Carolina. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. . Proximity to employment is an important consideration because it can drastically impact your cost of living. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. 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. With that being said, Charlotte has a significant traffic problem, ranking as the 16th most highly congested city in the United States. 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. 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. Looks like this move could have a negative net change in disposable income. Sports fans will prefer Dallas, whereas NASCAR fans will prefer Charlotte. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. You might be using an unsupported or outdated browser. 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). Cost of Living Indexes: Charlotte, NC: Dallas, TX: Difference: Overall Index: Homeowner, No Child care, Taxes Not . Diff. 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. Some people purchase a season ticket with a group of friends and take turns going to the games. 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. Terms of Use and Both Dallas and Charlotte are large cities that require a car to get around. Employers in Houston, TX typically pay 4.6% more than employeers in Charlotte, NC. 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. According to the latest BLS data, consumers average over $7,000 per year on food expenses. What is the breakdown of the cost of living? 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. than your current city. However, there are of course several differences as well. You could be looking at a positive net change in disposable income. The cost of a monthly transit pass in Charlotte, NC is around $88.00. 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. Get your true budget and find a home with ease. 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. less than your current Here is a list of our partners. The quote I got was on a 300k home in Dallas, it would cost about 7k in property taxes. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. In terms of architectural style, Dallas features mostly Mediterranean or Ranch style homes. Looks for areas of Dallas, Texas where there is a large student population. You would have to earn a salary of $57,384 to maintain your current standard of living. Dallas tends to get very hot in the summer, more so than Charlotte, but it also has lower humidity and less rain. - Compare Cities cost of living across 9 different categories - Personal salary calculations can optionally include Home . If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. The time you spend commuting is time you do not have to do other things, so it is valuable. Significantly more people own a home in Dallas rather than rent, which makes sense given the affordable median cost of homes in the area. Ask your employer if they offer discounted passes to save even more money and reduce your cost of commuting and overall. You will enjoy living in Charlotte, North Carolina. Get your true budget and find a home with ease. And it adds up. This can vary depending on the time of day, day of week, and the weather and road conditions. Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services. This is less expensive than the median home price in Charlotte, which is $265,000. Privacy Policy. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. Dallas, Texas. The cost of living in Dallas, TX is -4.4% lower than in Charlotte, NC. The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. A crowdsourced database with a cost of living calculator for prices comparison in 9294 cities in 197 countries all over the world. Price collection by city is conducted in strict conformance with standard specifications at specified times. There are ways to trim that down. The same type of job in the same type of company in Dallas, TX will typically pay $61,021 . The weather in Charlotte is ideal. 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. 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. 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 . 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. 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. Comparisons improve with every new data that you enter. $3,492. Austin, TX. Cost of Living 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. Drivers will, on average, spend around 95 hours per year sitting in traffic, according to the Global Traffic Scorecard. from Charlotte, NC with a salary of $60,000, View Minimum Wage Values in Charlotte and Dallas Compared with the Cost of Living. Keep in mind that the tickets tend to be expensive, so you need to manage your entertainment budget carefully. In terms of space, Dallas is larger than Charlotte, measuring out at 385 square miles compared to Charlotte's 298 square miles. Once you understand what they cover, they'll look less overwhelming. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. The goal is to pay under 30%, but that may not be achievable in your destination city or town. The Charlotte metropolitan area is part of a sixteen-county market region or combined statistical area with a 2016 census-estimated population of 2,632,249. Please consider telling us about your city. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. , Charlotte is slightly more affordable, offering cheaper housing and utility bills. Choosing the right mortgage can help make your home buying journey easier and more affordable. Use the link below to embed the infographic from our site and automatically keep the data layer up to date. Do these housing costs seem low to you? 110$ billion vs 58$ billion 1.05$ lower cost of one single transportation ticket? 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. Both cities offer great nightlife and entertainment while also providing an affordable, comfortable place to raise a family. 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. This cost is ranked NO. The annual median price of a home in Dallas is $175,600. A salary of $189,000 in Charlotte, North Carolina should increase to $191,464 in Dallas, Texas . According to the latest BLS data, consumers average over $7,000 per year on food expenses. Our partners compensate us. 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. Homes tend to cost 25.98% Hopefully you will have a smooth commute in Charlotte, North Carolina, but be prepared for delays. If you plan to drive to work, also do some research on average traffic in your destination town or city. How is this tool different from other resources out there? - Charlotte housing costs are 16.0% more expensive than Dallas housing costs. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. Employers in Charlotte, NC typically pay -1.7% less than employers in Dallas, TX. 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. This information may be different than what you see when you visit a financial institution, service provider or specific products site. How is this tool different from other resources out there? Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Dallas, TX vs Charlotte, NC Change Cities Highlights - Charlotte is 0% more densely populated than Dallas. lower. All Rights Reserved. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Since groceries are an essential part of you, I love basketball. Privacy Policy. This assumes net earnings (after income tax). 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. 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. The time you spend commuting is time you do not have to do other things, so it is valuable. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. All financial products, shopping products and services are presented without warranty. 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. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. 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. 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. Make sure you include these moving costs into the overall. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Dallas Housing Options Homes For Sale New Homes Most Expensive Homes Charlotte Housing Options Homes For Sale Lowest Priced Homes Largest Homes Overview If you are looking for an experienced real estate agent in Dallas to help guide you through your search. - People are 3.8% more likely to be married in Charlotte. Sometimes you can get discount tickets on line. Proximity to employment is an important consideration because it can drastically impact your cost of living. You will enjoy living in Dallas, Texas. > For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. 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. In contrast to Dallas, just under half of Charlotte households rent.In terms of architectural style, Dallas features mostly Mediterranean or Ranch style homes. 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. $2,318. Mecklenburg County, where Charlotte is located, 62.3% voted Democratin the 2016 presidential election,32.9% voted Republican, and the remaining4.8% voted Independent. How Much Down Payment Do You Need to Buy a Home. Your lifestyle and what you prioritize will also play into whether a particular destination is suitable for your salary and ideal cost of living. Energy costs in Charlotte,NC are generally going up. Employers in Dallas, TX typically pay 1.7% more than employeers in Charlotte, NC. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. Housing Costs. Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. 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. Overall, the time and ease of your driving times will impact your, In Dallas, TX, the average commute time is about 36.14 minutes. 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. 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 $1,000 depending on the city, what you are moving, and how much professional help you hire. Overall, the time and ease of your driving times will impact your. Because the price of goods and services varies from one city to the next, calculating the cost of living will determine how affordable it is to live in a certain area. Cost of Living Comparison Between Dallas, TXand Charlotte, NC You would need around 6,466.9$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, 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.