Cost of Living 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. 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. The biggest factors in any move are the standard of Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ), Price per Square Feet to Buy Apartment in City Centre, Price per Square Feet to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate. Why bother to move stuff that you do not even use! The cost of living in Charlotte, NC is 4.6% higher than in Dallas, TX. Jeff was initially licensed in 2004 and has held a Texas Real Estate Broker's License since 2009. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Since he has 2 children, he needs to have a large apartment. 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. 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. $1,447. 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. $2,318. The annual median price of a home in Dallas is $175,600. 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. Overall, the time and ease of your driving times will impact your, In Dallas, TX, the average commute time is about 36.14 minutes. Especially with the New Year upon us, you may be contemplating a move or want to weigh the pros and cons of both areas. If you plan to drive to work, also do some research on average traffic in your destination town or city. 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. All financial products, shopping products and services are presented without warranty. NC. Comparisons improve with every new data that you enter. 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. , Charlotte is slightly more affordable, offering cheaper housing and utility bills. The cost of living in Dallas is higher than in Charlotte. The cost of living in Charlotte is 8% more expensive than in Dallas. Proximity to employment is an important consideration because it can drastically impact your cost of living. 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. 2023 Compare Cities Cost of Living: Dallas, TX vs Charlotte, NC Change Cities Highlights Charlotte is 1.3% less expensive than Dallas. This price can vary a lot if the distance is greater and depending on how much is being moved. Dallas, Texas. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). 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. Charlotte, NC vs Dallas, TX, Copyright 2009-2023 Numbeo. In 2017, the U.S. Census Bureau estimated the population was 859,035, making it the 17th-most populous city in the United States. Mecklenburg County, where Charlotte is located, 62.3% voted Democratin the 2016 presidential election,32.9% voted Republican, and the remaining4.8% voted Independent. But even then, the price of groceries is going to significantly influence your cost of living. In Dallas,TX, my friend pays $1110 for a large 2 bedroom apartment. 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. Some people purchase a season ticket with a group of friends and take turns going to the games. Tell us your opinion about traffic in Dallas, TX. The cost of a monthly transit pass in Charlotte, NC is around $88.00. Jeff Knox is the Broker Owner of Knox & Associates REALTORS in DFW and the creator of most of the content on KnoxRE. Our cost of living calculator will help you figure out if your move will work for your budget and salary. The cost of living in Charlotte is 10% less expensive than in Dallas. For example, the cost of an unlimited MetroCard in New York was obtained from the. 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. 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. You will enjoy living in Dallas, Texas. Pricing for various packages can vary a lot even in the same location. Significantly more people own a home in Dallas rather than rent, which makes sense given the affordable median cost of homes in the area. Charlotte, North Carolina. Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Rent contributes to a large part of the overall, Looks for areas of Charlotte, North Carolina where there is a large student population. Get free guidance on changes you can make to afford more home, without spending more. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. higher. You will enjoy living in Charlotte, North Carolina. How To Find The Cheapest Travel Insurance. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. Shopping there can considerably reduce, If you love sports, you will love Dallas, TX! Looks for areas of Dallas, Texas where there is a large student population. The cost of living in Charlotte, NC is 3.98% Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. 80.00$ vs 96.00$ 52$ billion higher GDP (PPP)? According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. 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. Jeff's real estate articles and opinions have been featured on websites like Realtor.com, Fox News, U.S. News & World Reports, Inman, RISMedia, and more. 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. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. Looks like this move could have a negative net change in disposable income. You could eat out less, cut back on takeout and cook more often. Energy costs in Charlotte,NC are generally going up. - Charlotte housing costs are 16.0% more expensive than Dallas housing costs. It is based on 931 prices entered by 96 different people. and Dallas, I am frequently asked how the two cities compare. Located in the Piedmont, it is the county seat of Mecklenburg County. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. For example, the cost of living in San Francisco is twice that of Boise, Idaho. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. With the ever-rising popularity and low cost of living in both Charlotte and Dallas, I am frequently asked how the two cities compare. The average time for commuting in Charlotte is 38.02 minutes. 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. The time you spend commuting is time you do not have to do other things, so it is valuable. Some employers have company provided day care centers that let you bring your child to work with you and receive care on site. Ask your employer if they offer discounted passes to save even more money and reduce your cost of commuting and overall, View Minimum Wage Values in Dallas and Charlotte Compared with the Cost of Living. analyzes the cost of living differences between Charlotte and Dallas based on five categories: grocery, healthcare, housing, miscellaneous, transportation, and utilities. Walkability and public transit scores were obtained fromWalk Score. 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. How is this tool different from other resources out there? For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. 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. It is comprised of nearly 100,000 data points gathered primarily by C2ER members located in 400 cities.. higher. You would have to earn a salary of $57,384 to maintain your current standard of living. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. 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. 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. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. from the Council for Community and Economic Research. 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. Before you get the keys to your new home, you'll have to pay closing costs. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. the estimated difference in money purchasing power. There are ways to trim that down. Crowdsourced data is a vital part of the Internet, help us become better! 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. But even then, the price of groceries is going to significantly influence your cost of living. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Charlotte is snowier than Dallas, with an average of 4.3 inches of snow per year, whereas Dallas only sees about 1.2 inches of snow per year. Here is a list of our partners. Drivers will, on average, spend around 95 hours per year sitting in traffic, according to the. There are so many reasons to love both cities; it's hard to go wrong with either choice. 2023 Forbes Media LLC. The only thing between you and that home is With the ever-rising popularity and low cost of living in both. While other resources provide basic cost comparisons. (5 miles), Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands), Short visit to private doctor (15 minutes), Standard men's haircut in expat area of the city, Basic dinner out for two in neighborhood pub, 2 tickets to the theater (best available seats), Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert, 1 beer in neighbourhood pub (500ml or 1pt. 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. The rule of thumb is not to spend more than 30% of your total income on housing. Here's how to know how much you really need. Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing.