Here's how to know how much you really need. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Keep in mind that the tickets tend to be expensive, so you need to manage your entertainment budget carefully. Charlottes architectural style tends to lean more towards Mid-Century Modern, Craftsman, and European (Primarily Victorian and Italianate). 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. 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. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Get your true budget and find a home with ease. the estimated difference in money purchasing power. 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. Get matched with a top agent in your area. 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. 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. 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. Since groceries are an essential part of you, I love basketball. 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 . While other resources provide basic cost comparisons. Crowdsourced data is a vital part of the Internet, help us become better! 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.) 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. The biggest factors in any move are the standard of Cities ranked 463rd and 271st ( $2038 vs $2268) in the list of the most expensive cities in the world and ranked 365th and 211th in the United States. Cost of Living Calculator | Dallas, TX vs. Charlotte, NC - NerdWallet There are ways to trim that down. This is the tax that you will pay on things that you buy. Cost of Living Comparison Between Charlotte, NCand Dallas, TX You would need around 5,982.8$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. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Sports tickets can increase your, The average cost of internet access in the U.S. is $66.20 per month. Charlotte housing costs are 15.9% more expensive than Dallas housing costs. Corresponding. 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. 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. Diff. Proximity to employment is an important consideration because it can drastically impact your cost of living. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Jeff was initially licensed in 2004 and has held a Texas Real Estate Broker's License since 2009. Copyright 2009-2023 Numbeo. To get the best mortgage loan, know how much you can afford and shop like the bargain hunter you are. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. This information may be different than what you see when you visit a financial institution, service provider or specific products site. NC. According to the latest BLS data, consumers average over $7,000 per year on food expenses. Energy costs in Charlotte,NC are generally going up. Charlotte vs Dallas: What is the difference? - VERSUS Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. 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. 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. Our partners cannot pay us to guarantee favorable reviews of their products or services. 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. With the ever-rising popularity and low cost of living in both Charlotte and Dallas, I am frequently asked how the two cities compare. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. 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. . 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. 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. Update prices. Especially with the New Year upon us, you may be contemplating a move or want to weigh the pros and cons of both areas. 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 1.6 months in Miami. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. The average after-tax salary is enough to cover living expenses for 2.6 months in Charlotte compared to 2.4 months in Dallas. You will enjoy living in Charlotte, North Carolina. 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. Furnished accommodation in EXPENSIVE area. Price collection by city is conducted in strict conformance with standard specifications at specified times. Why bother to move stuff that you do not even use! There are ways to trim that down. Pre-qualified offers are not binding. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. household income. United States vs United States Dallas doesnt have state taxes but property taxes are said to be huge! Tell us your opinion about traffic in Dallas, TX. This assumes net earnings (after income tax). In. Sometimes you can get discount tickets on line. The federal minimum wage is $7.25 per hour while North Carolina's state law sets the minimum wage rate at $7.25 per hour in 2023. Relocation Comparison: North Carolina vs Texas NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. 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. All financial products, shopping products and services are presented without warranty. Privacy Policy. 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. 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. $3,492. Your use of this service is subject to our The same type of job in the same type of company in Dallas, TX will typically pay $61,021 . That's probably because we're. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. How does Charlotte compare to Dallas? 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. Even if your employer is covering the cost of a move, there will still be costs that are not covered. You would have to earn a salary of $57,384 to maintain your current standard of living. Compare Cities cost of living in charlotte, nc vs dallas, tx Since groceries are an essential part of you, I love basketball. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. analyzes the cost of living differences between Charlotte and Dallas based on five categories: grocery, healthcare, housing, miscellaneous, transportation, and utilities. Your use of this service is subject to our Please consider telling us about your city. Get free guidance on changes you can make to afford more home, without spending more. Cost of Living Comparison Between Dallas, TXand Charlotte, NC You would need around 6,466.9$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.