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. Nashville is in Nash County. Decreasing rapidly. $50k $100k Estimated Salary change Nashville, TN to Charlotte, NC 4.8% Good News! So how do we make money? Monthly bus pass costs were obtained from the individual websites of the public transit system for each 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. Proximity to employment is an important consideration because it can drastically impact your cost of living. And it adds up. There are ways to trim that down. It is part of the Rocky Mount, North Carolina Metropolitan Statistical Area. Based on the housing stock, population density, and the proximity of amenities of the area. Cost of Living Calculator | City and Salary Comparison Tool - NerdWallet All rights reserved. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. Privacy Policy. 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. estimates only as prices can change on an ongoing basis. There are ways to trim that down. Boston. Pricing for various packages can vary a lot even in the same location. Some stores like Kroger offer frequent discounts or loyalty programs that can save you even more at the checkout. Read more from, North Carolina is ranked number 37 out of all states in overall healthcare access and affordability. Although the cost of living data is updated regularly, this cost of living information is to be used as Based on employment rates, job and business growth, and cost of living. The average cost of living in Nashville is $2707, which is in the top 1% of the most expensive cities in the world, ranked 98th out of 9294 in our global list, 80th out of 2202 in the United States, and 1st out of 33 in Tennessee. 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. While other resources provide basic cost comparisons. I like that Nashville is very community orientated. Awful. For more reading on life in Nashville, check out: Chasing Chains, LLC. Poor. Energy costs in Charlotte,NC are generally going up. 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. You could be looking at a positive net change in disposable income $2,692.5 Explanation The cost of living in Charlotte, NC is 0.3% higher than in Nashville, TN. Ask your employer if they offer discounted passes to save even more money and reduce your cost of commuting and overall, from Nashville, TN with a salary of $60,000, View Minimum Wage Values in Nashville and Charlotte Compared with the Cost of Living. You will enjoy living in Charlotte, North Carolina. If you prefer to download the image, please credit us as a source. Here is a list of our partners. 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 (1 lb) (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 915 sq ft Apartment, Mobile Phone Monthly Plan with Calls and 10GB+ Data, 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. Cost of Living in Nashville, TN | PayScale Thinking about moving to another city? You would have to earn a salary of $60,174 to maintain your current standard of living. Do these housing costs seem low to you? Copyright 2009-2023 Numbeo. Niche requires Javascript to work correctly. Many retirees live in Nashville and residents tend to lean liberal. New York (Manhattan) Comparable Income: $65,085. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. Comparable Income: $28,367. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. Living in Nashville offers residents a sparse suburban feel and most residents own their homes. For example, the cost of living in San Francisco is twice that of Boise, Idaho. You'll have to take out a loan to live here. Choosing the right mortgage can help make your home buying journey easier and more affordable. Everything is more expensive than I'd like. The cost of living index is set to 100 for the average place in America. Cost of living in Nashville is 9% lower than the North Carolina average New Real Estate Listings In/Near Nashville For Sale For Rent $289,900 289 Brunswick Drive 2 Bed 2 Bath 1393 SqFt $304,900 221 Brunswick Drive 3 Bed 2 Bath 1654 SqFt $359,900 3520 Oxfordshire Road 3 Bed 2 Bath 1985 SqFt A good way to judge both the affordability of the housing and the cost of living in Nashville is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). Get . The estimated population of Nashville was 5,460 in 2015. The average time for commuting in Charlotte is 38.02 minutes. Use the link below to embed the infographic from our site and automatically keep the data layer up to date. Increasing steadily. Checking rates won't affect your credit score. The cost of living in Nashville is 9% lower than the North Carolina average The cost of living in Nashville is 15% lower than the national average Nashville housing is 36% lower than the national average North Carolina general sales tax is 7% lower than the national average North Carolina state income tax is 113% higher than the national average Crowdsourced data is a vital part of the Internet, help us become better! All financial products, shopping products and services are presented without warranty. But even then, the price of groceries is going to significantly influence your cost of living. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Ranked 202nd (TOP 2%) in the list of best places to live in the world and 54th best city to live in the United States, and 2nd most liveable city in Tennessee. To maintain your standard of living in Raleigh, NC, you'll need a household income of: The cost of living is 1% lower in Raleigh, NC. How much more or less will pay for the same or similar job be in the new city? 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? It's also important to consider median household incomes to make apples-to-apples comparisons across locations. Once you understand what they cover, they'll look less overwhelming. According to the latest BLS data, consumers average over $7,000 per year on food expenses. Based on this average, renters should spend no more than $559 on all rental costs if they want to maintain a non-impoverished standard of living. According to the most recent data on the cost of living, Nashville has an overall cost of living index of 90 which is 0.9x lower than the national index of 100. By definition, that implies Nashville ranks as the #4,785 most expensive place in the Tar Heel State. 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. The cost of living in any area can vary based on factors such as your career, its average salary and the real. Nashville, Tennessee's cost of living is 2% lower than the national average. Transportation expenses like bus fares and gas prices are 9% lower than the national average. We believe everyone should be able to make financial decisions with confidence. Getting to work is important. Everyone in the community works together to help each other strive as well as the town as a whole. The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. 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. Places with the Lowest Cost of Living in North Carolina. The town was founded in 1780 and features a rare collection of Victorian and Queen Anne style homes. . Price collection by city is conducted in strict conformance with standard specifications at specified times. I just wish it had more to offer. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Please. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. Even if your employer is covering the cost of a move, there will still be costs that are not covered. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. Data for all 32,900 zip codes in one easy-to-use Excel file Nashville, Nc Housing Market Best Places to Retire in North Carolina. Price collection by city is conducted in strict conformance with standard specifications at specified times. Here's how to know how much you really need. Cost of Living: -16.8% lower Time zone: Eastern Standard Time (EST) Elevation: 150 ft above sea level New! 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.