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. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.4 months in Dallas. Housing in Charlotte, North Carolina (United States) is 28% cheaper than in Dallas, Texas (United States) Update prices. The goal is to pay under 30%, but that may not be achievable in your destination city or town. - The average commute for residents of Charlotte is 1.5 minutes shorter than it is for residents of Dallas. Copyright 2009-2023 Numbeo. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. This information may be different than what you see when you visit a financial institution, service provider or specific products site. And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. You will enjoy living in Dallas, Texas. Get your true budget and find a home with ease. The cost of living is 4% lower in Charlotte, NC. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). 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 cost of living in Charlotte is 4% more expensive than in Houston. Drivers will, on average, spend around 95 hours per year sitting in traffic, according to the Global Traffic Scorecard. The same type of job in the same type of company in Dallas, TX will typically pay $61,021 . Proximity to employment is an important consideration because it can drastically impact your cost of living. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. The sales tax for Charlotte is 4.75%. 110$ billion vs 58$ billion 1.05$ lower cost of one single transportation ticket? Mecklenburg County, where Charlotte is located, 62.3% voted Democratin the 2016 presidential election,32.9% voted Republican, and the remaining4.8% voted Independent. 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. The quote I got was on a 300k home in Dallas, it would cost about 7k in property taxes. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Ask your employer if they offer discounted passes to save even more money and reduce your cost of commuting and overall. 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 would like to know the cost of living in other cities, then please enter a city name. According to the latest BLS data, consumers average over $7,000 per year on food expenses. 22% lower. While other resources provide basic cost comparisons. 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. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. More traffic means more gas spent. 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. 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. $1,734. Price collection by city is conducted in strict conformance with standard specifications at specified times. How Much Down Payment Do You Need to Buy a Home. Getting to work is important. lower in Charlotte, The cost of living in Dallas, TX is -4.4% lower than in Charlotte, NC. The annual median price of a home in Dallas is $175,600. Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. Hopefully you will have a smooth commute in Charlotte, North Carolina, but be prepared for delays. Dallas falls behind Charlotte as the 21st most congested city in the U.S., with residents spending about 76 hours per year sitting in traffic. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. It is important to note that a score of 100 represents the average cost of that category in the United States, and these metrics are based on Q1 2019 data. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. View all the prices in Charlotte, North Carolina: Detailed prices in Charlotte, North Carolina >>, Basic lunchtime menu (including a drink) in the business district, Combo meal in fast food restaurant (big mac meal or similar), 500 gr (1 lb.) Overall, the time and ease of your driving times will impact your. Some colleges and universities with Childhood Education programs also may have day care centers available at reduced costs, so you should explore those possibilities to see if you can reduce your child care expense. NerdWallet strives to keep its information accurate and up to date. 2.20$ vs 3.25$ 4.7C lower average minimum temperature? Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services. $2,318. How does Charlotte compare to Dallas? How To Find The Cheapest Travel Insurance. And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Pricing for various packages can vary a lot even in the same location. The cost of living in Dallas is higher than in Charlotte. Walkability and public transit scores were obtained fromWalk Score. Charlotte housing costs are 15.9% more expensive than Dallas housing costs. 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? analyzes the cost of living differences between Charlotte and Dallas based on five categories: grocery, healthcare, housing, miscellaneous, transportation, and utilities. Ideally, youll find that you can afford the cost of living in your new destination, but having that Renting a truck or renting a moving container is usually cheaper but requires more work. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. The estimated average annual cost for child care in Dallas, Texas (based on state average), is $8759. So how do we make money? The sales tax for Charlotte is 4.75%. Dallas tends to get very hot in the summer, more so than Charlotte, but it also has lower humidity and less rain. There are so many reasons to love both cities; it's hard to go wrong with either choice. Pricing for various packages can vary a lot even in the same location. 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. 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, 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. But even then, the price of groceries is going to significantly influence your 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. When evaluating offers, please review the financial institutions Terms and Conditions. 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. 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 Charlotte, North Carolina I go to a lot of Charlotte Hornets games. In 2017, the U.S. Census Bureau estimated the population was 859,035, making it the 17th-most populous city in the United States. This is primarily due to Dallas incorporating better city planning, as their highway systems are intelligently designed, and surface streets are often designed in grids. To maintain your standard of living in Charlotte, 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. Pre-qualified offers are not binding. 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. 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. Your use of this service is subject to our When I compare Dallas to Charlotte in regards to cost of living. So how do we make money? Your use of this service is subject to our. Once you understand what they cover, they'll look less overwhelming. And it adds up. Compare Cities Comparisons improve with every new data that you enter. Read more from, Some stores like Kroger offer frequent discounts or loyalty programs that can save you even more at the checkout. 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. 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. Why bother to move stuff that you do not even use! Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. How much more or less will pay for the same or similar job be in the new city? 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. 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. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.9 months in Houston. Here's how to know how much you really need. Health related expenses are 3.2% less in Charlotte. Utilities tend to cost 4.81% 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. Dallas, TX vs Charlotte, NC Change Cities Highlights - Charlotte is 0% more densely populated than Dallas. 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. The time you spend commuting is time you do not have to do other things, so it is valuable. Source: Wikipedia (as of 04/11/2019). 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. 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. $1,447. This assumes net earnings (after income tax). 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. 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. Even if your employer is covering the cost of a move, there will still be costs that are not covered. - Compare Cities cost of living across 9 different categories - Personal salary calculations can optionally include Home . According to this analysis, Charlotte is slightly more affordable, offering cheaper housing and utility bills. 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. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live.