Walkability and public transit scores were obtained fromWalk Score. While Charlotte's metro area is smaller than in Dallas, both cities have experienced significant growth in the past decade. So, without further ado, let's dive into the similarities and differences between these two cities: The saying goes that everything is bigger in Texas, and Dallas is certainly no exception. higher. One tip to reduce this cost and your overall, Even if you are moving within your current state, the cost of moving could be over $1,000 depending on the city, what you are moving, and how much professional help you hire. A low rate can save you hundreds each year. The cost of electricity in Texas has gone up by 1.883% in the past year. This can vary depending on the time of day, day of week, and the weather and road conditions. Proximity to employment is an important consideration because it can drastically impact your cost of living. That's probably because we're measuring average costs for the larger metro area, not just the city limits. But even then, the price of groceries is going to significantly influence your cost of living. Terms of Use and Otherhand charlotte has other benefits. There are ways to trim that down. 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. And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. The average cost of moving to another state is around $5,600 for a distance of 1,200 miles. Renting a truck or renting a moving container is usually cheaper but requires more work. Crowdsourced data is a vital part of the Internet, help us become better! Drivers will, on average, spend around 95 hours per year sitting in traffic, according to the. The cost of living in Dallas, TX is -4.4% lower than in Charlotte, NC. You will enjoy living in Dallas, Texas. If you prefer to download the image, please credit us as a source. And it adds up. NC, you'll need a Overall, the time and ease of your driving times will impact your, In Dallas, TX, the average commute time is about 36.14 minutes. 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. Before you get the keys to your new home, you'll have to pay closing costs. 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. Compare Cities According to the latest BLS data, consumers average over $7,000 per year on food expenses. Significantly more people own a home in Dallas rather than rent, which makes sense given the affordable median cost of homes in the area. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. Don't hesitate to reach out if you are contemplating moving and have any questions! If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Both Dallas and Charlotte are large cities that require a car to get around. 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. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. Dallas Housing Options Homes For Sale New Homes Most Expensive Homes Charlotte Housing Options Homes For Sale Lowest Priced Homes The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. Once you understand what they cover, they'll look less overwhelming. North Carolina counties collect an average of 0.78 percent of property's estimated fair market value as property tax. This comparison is lacking data. Utilities tend to cost 4.81% Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. For example, the cost of living in San Francisco is twice that of Boise, Idaho. 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. You could be looking at a positive net change in disposable income. Copyright 2009-2023 Numbeo. Some employers have company provided day care centers that let you bring your child to work with you and receive care on site. Keep in mind that the tickets tend to be expensive, so you need to manage your entertainment budget carefully. Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. Price collection by city is conducted in strict conformance with standard specifications at specified times. 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. Get matched with a top agent in your area. Pre-qualified offers are not binding. If you are looking for an experienced real estate agent in Dallas to help guide you through your search. 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. If you find that the housing costs in your destination city is much higher than where you are now, it would be a good idea to research some nearby locations to find lower rents and mortgage rates. 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 only thing between you and that home is With the ever-rising popularity and low cost of living in both. 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. This information may be different than what you see when you visit a financial institution, service provider or specific products site. All Rights Reserved. How Much Down Payment Do You Need to Buy a Home. 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. The sales tax for Dallas is 6.25%. - Charlotte housing costs are 16.0% more expensive than Dallas housing costs. All financial products, shopping products and services are presented without warranty. 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. 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. 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. In terms of architectural style, Dallas features mostly Mediterranean or Ranch style homes. You could eat out less, cut back on takeout and cook more often. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. The same type of job in the same type of company in Charlotte, NC will typically pay $58,996 . Pre-qualified offers are not binding. Get matched with a top agent in your area. 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. 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. Our partners cannot pay us to guarantee favorable reviews of their products or services. You will enjoy living in Charlotte, North Carolina. Dallas, TX vs Charlotte, NC Change Cities Highlights - Charlotte is 0% more densely populated than Dallas. 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. The total income needed is $2,682 Some people purchase a season ticket with a group of friends and take turns going to the games. There are so many reasons to love both cities; it's hard to go wrong with either choice. Especially with the New Year upon us, you may be contemplating a move or want to weigh the pros and cons of both areas. Energy costs in Charlotte,NC are generally going up. And it adds up. Make sure you include these moving costs into the overall. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Dallas is larger in size and slightly cheaper of the two surely is tempting. NerdWallet strives to keep its information accurate and up to date. According to the latest BLS data, consumers average over $7,000 per year on food expenses. According to this analysis, Charlotte is slightly more affordable, offering cheaper housing and utility bills. Make sure you budget for these types of expenses and include them in the first years, The current electric rate cost in Charlotte,NC is 11.07 / kWh, which is up compared to the rest of the United States. Cost of Living Comparison Between Charlotte, NCand Dallas, TX You would need around 5,982.8$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. Before you get the keys to your new home, you'll have to pay closing costs. Since groceries are an essential part of you, I love basketball. Just to put that into perspective, Manhattan has an overall score of 238, Seattle has an overall score of 159, Boston has an overall score of 153, and Los Angeles has an overall score of 148. See Charlotte's complete City Life page. Quick Answer: The cost to move from Charlotte, NC to Dallas, TX averages from $923 to $6,163 depending on how much you're moving, your move date, and whether you hire a company or do the move yourself. Your use of this service is subject to our. And, although Charlotte technically wins here, when compared to other cities, both Dallas and Charlotte offer a considerably low cost of living. This is less expensive than the median home price in Charlotte, which is $265,000. Charlotte, NC. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. analyzes the cost of living differences between Charlotte and Dallas based on five categories: grocery, healthcare, housing, miscellaneous, transportation, and utilities. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. 110$ billion vs 58$ billion 1.05$ lower cost of one single transportation ticket? Looks for areas of Dallas, Texas where there is a large student population. household income. Housing Costs. The biggest factors in any move are the standard of lower. 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. This information may be different than what you see when you visit a financial institution, service provider or specific products site. 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. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. 30.04% lower population density? - Compare Cities cost of living across 9 different categories - Personal salary calculations can optionally include Home . Another question that is independant of my questions earlier are opinions on the housing market. The estimated average annual cost for child care in Dallas, Texas (based on state average), is $8759. 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. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. We believe everyone should be able to make financial decisions with confidence. NC. The chart below demonstrates the climate differences between Dallas and Charlotte: Both Dallas and Charlotte offer a vibrant community of forward-thinking, hard-working, and well-educated individuals. Get free guidance on changes you can make to afford more home, without spending more. How Much Down Payment Do You Need to Buy a Home. Getting to work is important. Based on data collected by NOAA National Climatic Data Center, Dallas is considered to have one of the most favorable climates in the country based on comfort and number of days with clear skies. 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. Employers in Dallas, TX typically pay 1.7% more than employeers in Charlotte, NC. The same type of job in the same type of company in Houston, TX will typically pay $62,782 . The data gets better with every new price that you enter. Homes tend to cost 25.98% 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. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. 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. 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. from the Council for Community and Economic Research. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. Dallas doesnt have state taxes but property taxes are said to be huge! Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. So how do we make money? Cities ranked 106th and 197th ($2680 vs $2489) in the list of the most expensive cities in the world and ranked 88th and 149th in the United States. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. Health related expenses are 3.2% less in Charlotte. This assumes net earnings (after income tax). Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. 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. Our partners cannot pay us to guarantee favorable reviews of their products or services. > It provides a decent comparison, but it is not yet reliable. The sales tax for Charlotte is 4.75%. For example, the cost of living in San Francisco is twice that of Boise, Idaho. Do these housing costs seem low to you? 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. Proximity to employment is an important consideration because it can drastically impact your cost of living. But even then, the price of groceries is going to significantly influence your cost of living. (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. 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. Hopefully you will have a smooth commute in Charlotte, North Carolina, but be prepared for delays. Dallas Housing Options Homes For Sale New Homes Most Expensive Homes Charlotte Housing Options Homes For Sale Lowest Priced Homes Largest Homes Overview You would have to earn a salary of $54,248 to maintain your current standard of living. 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. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. In Charlotte, North Carolina I go to a lot of Charlotte Hornets games. household income of: The cost of living is 3.98% And it adds up. You would have to earn a salary of $57,384 to maintain your current standard of living. Comparisons improve with every new data that you enter. How To Find The Cheapest Travel Insurance. 2023 Forbes Media LLC. When evaluating offers, please review the financial institutions Terms and Conditions. This price can vary a lot if the distance is greater and depending on how much is being moved. Overall, the time and ease of your driving times will impact your. 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. $3,492. Hiring movers will be on the more expensive side. 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. $1,734. Update prices. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. How is this tool different from other resources out there? Your use of this service is subject to our How to Get Preapproved for a Mortgage and Why It Matters. Cities ranked 463rd and 71st ( $2038 vs $2729) in the list of the most expensive cities in the world and ranked 365th and 59th in the United States. Charlotte, North Carolina. You will enjoy living in Charlotte, North Carolina. With the ever-rising popularity and low cost of living in both Charlotte and Dallas, I am frequently asked how the two cities compare. 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. 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. Some stores like Kroger offer frequent discounts or loyalty programs that can save you even more at the checkout. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. The same type of job in the same type of company in Dallas, TX will typically pay $61,021 . There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services. The cost of living in Charlotte is 10% less expensive than in Dallas. Since groceries are an essential part of you, I love basketball. The cost of a monthly transit pass in Charlotte, NC is around $88.00. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. How much more or less will pay for the same or similar job be in the new city? The Charlotte metropolitan area's population ranks 22nd in the U.S., and had a 2016 population of 2,474,314. It is comprised of nearly 100,000 data points gathered primarily by C2ER members located in 400 cities.. 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. Planning a move to another town, city or state? Ideally, youll find that you can afford the cost of living in your new destination, but having that 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. 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. Please consider telling us about your city. Ranked 52nd vs 23rd best cities to live in the United States, and 195th vs 104th among the best cities to live in the world. Housing in Charlotte, North Carolina (United States) is 28% cheaper than in Dallas, Texas (United States) Update prices. However, there are of course several differences as well. from Charlotte, NC with a salary of $60,000, View Minimum Wage Values in Charlotte and Dallas Compared with the Cost of Living. Cost of Living Comparison Between Dallas, TXand Charlotte, NC You would need around 6,466.9$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. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from theU.S. Census. Charlottes architectural style tends to lean more towards Mid-Century Modern, Craftsman, and European (Primarily Victorian and Italianate). Austin, TX. In Charlotte, North Carolina I go to a lot of Charlotte Hornets games. For example, the cost of an unlimited MetroCard in New York was obtained from the. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. In terms of space, Dallas is larger than Charlotte, measuring out at 385 square miles compared to Charlotte's 298 square miles. 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. 2.20$ vs 3.25$ 4.7C lower average minimum temperature? The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. While other resources provide basic cost comparisons. Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. less than your current It is possible that electric rates may fluctuate depending on consumption rates, government regulations and even the weather. Do these housing costs seem low to you? 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? Here's how to know how much you really need. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. All financial products, shopping products and services are presented without warranty. 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. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. Sports fans will prefer Dallas, whereas NASCAR fans will prefer Charlotte. This price can vary a lot if the distance is greater and depending on how much is being moved. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. 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. Choosing the right mortgage can help make your home buying journey easier and more affordable. When evaluating offers, please review the financial institutions Terms and Conditions. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. Choosing the right mortgage can help make your home buying journey easier and more affordable. 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. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Weekly trips to the grocery store can add up, especially if food costs are high where you live. Pricing for various packages can vary a lot even in the same location. 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. How is this tool different from other resources out there? 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. Shopping there can considerably reduce, If you love sports, you will love Dallas, TX! 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. - The Median Age is 1.4 years older in Charlotte. In contrast to Dallas, just under half of Charlotte households rent.In terms of architectural style, Dallas features mostly Mediterranean or Ranch style homes. Even if your employer is covering the cost of a move, there will still be costs that are not covered.