Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. - Charlotte housing costs are 16.0% more expensive than Dallas housing costs. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. Since groceries are an essential part of you, I love basketball. How To Find The Cheapest Travel Insurance. Proximity to employment is an important consideration because it can drastically impact your cost of living. 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. Pre-qualified offers are not binding. 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. 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. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. 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. Dallas, TX vs Charlotte, NC Change Cities Highlights - Charlotte is 0% more densely populated than Dallas. lower in Charlotte, That's probably because we're measuring average costs for the larger metro area, not just the city limits. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Jeff was initially licensed in 2004 and has held a Texas Real Estate Broker's License since 2009. The cost of living calculated as a consumer basket for a moderate lifestyle in developed countries and thus might seem too high for some least developed countries where maintaining such a standard of living is expensive. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. The cost of living in Dallas, TX is -4.4% lower than in Charlotte, NC. 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. To get the best mortgage loan, know how much you can afford and shop like the bargain hunter you are. But even then, the price of groceries is going to significantly influence your cost of living. But even then, the price of groceries is going to significantly influence your cost of living. Another way to make your move easier and save money is by weeding out items you dont need anymore. 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. Since groceries are an essential part of you, I love basketball. One of the most important aspects to a good quality of life is good healthcare. The cost of living in Charlotte is 10% less expensive than in Dallas. 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. Price collection by city is conducted in strict conformance with standard specifications at specified times. 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? the estimated difference in money purchasing power. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Drivers will, on average, spend around 95 hours per year sitting in traffic, according to the. Looks like this move could have a negative net change in disposable income. - The average commute for residents of Charlotte is 1.5 minutes shorter than it is for residents of Dallas. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Use the link below to embed the infographic from our site and automatically keep the data layer up to date. Hopefully you will have a smooth commute in Charlotte, North Carolina, but be prepared for delays. 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. 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. Terms of Use and 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. To maintain your standard of living in Charlotte, NC, you'll need a household income of: $67,318 The cost of living is 3.98% lower in Charlotte, NC The total income needed is $2,682. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. > Update prices. This assumes net earnings (after income tax). It is comprised of nearly 100,000 data points gathered primarily by C2ER members located in 400 cities.. 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. You will enjoy living in Dallas, Texas. 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. , Charlotte is slightly more affordable, offering cheaper housing and utility bills. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. Our partners compensate us. The time you spend commuting is time you do not have to do other things, so it is valuable. Get matched with a top agent in your area. There are ways to trim that down. Walkability and public transit scores were obtained fromWalk Score. 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. Read more from, Some stores like Kroger offer frequent discounts or loyalty programs that can save you even more at the checkout. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Price collection by city is conducted in strict conformance with standard specifications at specified times. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. 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. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. In terms of space, Dallas is larger than Charlotte, measuring out at 385 square miles compared to Charlotte's 298 square miles. With that being said, Charlotte has a significant traffic problem, ranking as the 16th most highly congested city in the United States. United States vs United States A salary of $189,000 in Charlotte, North Carolina should increase to $191,464 in Dallas, Texas . The average time for commuting in Charlotte is 38.02 minutes. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. This is the tax that you will pay on things that you buy. The sales tax for Charlotte is 4.75%. Dallas Housing Options Homes For Sale New Homes Most Expensive Homes You should evaluate the options based on your usage and preferences and pick the best fit for your needs. Thinking about moving to another city? This information may be different than what you see when you visit a financial institution, service provider or specific products site. 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. 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 quote I got was on a 300k home in Dallas, it would cost about 7k in property taxes. 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. Are you sure you want to rest your choices? Your use of this service is subject to our Walkability and public transit scores were obtained fromWalk Score. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. According to this analysis, Charlotte is slightly more affordable, offering cheaper housing and utility bills. When evaluating offers, please review the financial institutions Terms and Conditions. Charlotte, North Carolina. That's probably because we're measuring average costs for the larger metro area, not just the city limits. 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. Sometimes you can get discount tickets on line. 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. And it adds up. If you would like to know the cost of living in other cities, then please enter a city name. When evaluating offers, please review the financial institutions Terms and Conditions. You may find that after you move, you will need to purchase many new items for the new location, for example, window coverings, rugs, lighting, and outdoor gear. And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. This price can vary a lot if the distance is greater and depending on how much is being moved. Hopefully you will have a smooth commute in Charlotte, North Carolina, but be prepared for delays. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. 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. Drivers will, on average, spend around 95 hours per year sitting in traffic, according to the Global Traffic Scorecard. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. This cost is ranked NO. Comparisons improve with every new data that you enter. 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. 2023 Forbes Media LLC. 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. Have a yard sale or find a local charitable organization and donate items you no longer use. The same type of job in the same type of company in Houston, TX will typically pay $62,782 . Planning a move to another town, city or state? Mortgage preapproval is the smartest hack to homebuying and among the most misunderstood. Here's what lenders want before they'll preapprove you for a home loan. Getting to work is important. for both cities are included in the chart below: Both Dallas and Charlotte are predominantly liberal. The cost of living in Charlotte is 4% more expensive than in Houston. 80.00$ vs 96.00$ 52$ billion higher GDP (PPP)? Proximity to employment is an important consideration because it can drastically impact your cost of living. Jeff may be reached directly at [emailprotected], Both the advantages of Dallas and Charlotte is explained beautifully in here. While other resources provide basic cost comparisons. The sales tax for Charlotte is 4.75%. 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. 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. 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. Privacy Policy. With the ever-rising popularity and low cost of living in both Charlotte and Dallas, I am frequently asked how the two cities compare. How does Charlotte compare to Dallas? 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. 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. Ask your employer if they offer discounted passes to save even more money and reduce your cost of commuting and overall. However, there are of course several differences as well. 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. Consider the miscellaneous category the catch-all for all other expenses, like the price of groceries, office supplies, clothing, vet services and more. Get free guidance on changes you can make to afford more home, without spending more. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. 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. Ideally, youll find that you can afford the cost of living in your new destination, but having that It is based on 931 prices entered by 96 different people. Dallas doesnt have state taxes but property taxes are said to be huge! Get your true budget and find a home with ease. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Crowdsourced data is a vital part of the Internet, help us become better! 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. The cost of electricity in Texas has gone up by 1.883% in the past year. According to the latest BLS data, consumers average over $7,000 per year on food expenses. 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. Price collection by city is conducted in strict conformance with standard specifications at specified times. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Sports tickets can increase your, 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. Here is a list of our partners. Do not sell or share my personal information. Thinking about moving to another city? 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. Get matched with a top agent in your area. - People are 3.8% more likely to be married in Charlotte. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. And it adds up. In Dallas,TX, my friend pays $1110 for a large 2 bedroom apartment. It provides a decent comparison, but it is not yet reliable. That's probably because we're. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. Overall, the time and ease of your driving times will impact your. 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! 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. This is less expensive than the median home price in Charlotte, which is $265,000. This comparison is lacking data. > Once you understand what they cover, they'll look less overwhelming. higher. 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. Copyright 2009-2023 Numbeo. There are ways to trim that down. If you can't find a city, you can type the state name to see all cities available in that state. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. 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. The annual median price of a home in Dallas is $175,600. Charlottes architectural style tends to lean more towards Mid-Century Modern, Craftsman, and European (Primarily Victorian and Italianate).