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. Do these housing costs seem low to you? Proximity to employment is an important consideration because it can drastically impact your cost of living. 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. Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. And it adds up. The weather in Charlotte is ideal. When evaluating offers, please review the financial institutions Terms and Conditions. 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 expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. Overall, the time and ease of your driving times will impact your. Thinking about moving to another city? 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. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. Stores like Costco Wholesale are known to offer low prices. This can vary depending on the time of day, day of week, and the weather and road conditions. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. There are ways to trim that down. 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. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. So how do we make money? Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. 31 nationally. 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. When I compare Dallas to Charlotte in regards to cost of living. Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services. And it adds up. Dallas, Texas Charlotte, North Carolina Comparison Cost of living in Dallas, Texas (United States) is 11% more expensive than in Charlotte, North Carolina (United States) We need your help! 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. You would have to earn a salary of $54,248 to maintain your current standard of living. You would have to earn a salary of $62,735 to maintain your current standard of living. The cost of a monthly transit pass in Charlotte, NC is around $88.00. 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. This is less expensive than the median home price in Charlotte, which is $265,000. Our partners compensate us. 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? Median 2-bedroom apartment rent. The cost of living in Charlotte, NC is 3.98% Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Whether youre a commuter via your own vehicle or public transportation, considering factors like the price of gas and monthly cost of taking a train or bus is crucial when budgeting for your move. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. Our partners cannot pay us to guarantee favorable reviews of their products or services. 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. Our partners cannot pay us to guarantee favorable reviews of their products or services. 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. The biggest factors in any move are the standard of Hiring movers will be on the more expensive side. Copyright 2009-2023 Numbeo. Proximity to employment is an important consideration because it can drastically impact your cost of living. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. 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. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. The cost of electricity in Texas has gone up by 1.883% in the past year. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. 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. than your current city. Walkability and public transit scores were obtained fromWalk Score. According to the latest BLS data, consumers average over $7,000 per year on food expenses. 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 estimated difference in money purchasing power. 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. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. 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. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Make sure you include these moving costs into the overall. . In the 2016 presidential election, 60.2% of individuals in Dallas County voted Democrat, 34.3% voted Republican, and the remaining 5.4% voted Independent. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. 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. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. 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. 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. You could eat out less, cut back on takeout and cook more often. The cost of living in Houston, TX is -9.6% lower than in Charlotte, NC. 80.00$ vs 96.00$ 52$ billion higher GDP (PPP)? To get the best mortgage loan, know how much you can afford and shop like the bargain hunter you are. 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. That's probably because we're. You will enjoy living in Dallas, Texas. Proximity to employment is an important consideration because it can drastically impact your cost of living. Pricing for various packages can vary a lot even in the same location. - The average commute for residents of Charlotte is 1.5 minutes shorter than it is for residents of Dallas. 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. And it adds up. If you can't find a city, you can type the state name to see all cities available in that state. 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. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. Housing in Charlotte, North Carolina (United States) is 28% cheaper than in Dallas, Texas (United States) Update prices. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.9 months in Houston. for both cities are included in the chart below: Both Dallas and Charlotte are predominantly liberal. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Both Dallas and Charlotte feature warm climates, with humid summers and mild winters. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Our cost of living calculator will help you figure out if your move will work for your budget and salary. 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 . Choosing the right mortgage can help make your home buying journey easier and more affordable. from Charlotte, NC with a salary of $60,000, View Minimum Wage Values in Charlotte and Dallas Compared with the Cost of Living. 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 .

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