Charlotte is 19.5% less expensive than New York (without rent). The cost of living is calculated as a consumer basket for a moderate lifestyle in developed countries and, therefore, may seem too high for some least developed countries, where maintaining that standard of living is expensive. If you're not sure if you're living in downtown Charlotte, you can buy or rent property out of town. Located in the center of the state, Charlotte is close to the South Carolina border and two hours east of Asheville.
Health care is another major expense to consider when considering the cost of living in Charlotte. Even with rent increases, the city's strong labor market continues to make Charlotte an attractive place to live. As across the country, Charlotte's rentals are more affordable in nearly every neighborhood. While the cost of living in Charlotte, North Carolina, is low, it helps to break down the various expenses associated with living there in order to better establish a budget.
The combined minimum sales tax rate for the state, county and city sales tax rate in Charlotte, North Carolina, is 7.25%. If you want to live somewhere just an hour away from stunning mountain escapes and enjoy all the benefits of city living, then consider Charlotte. The good news is that rents in Charlotte are historically lower than in other urban areas such as Atlanta. You'll need to keep your nightlife budget in mind when you live in Charlotte, as going out to the city every night adds up quickly.
You should also consider the living wage, the minimum amount of money needed to live above the poverty line, when calculating the cost of living in Charlotte. Whether you want to live in the heart of the action of downtown or find a quiet neighborhood with space and amenities, you'll find it in Charlotte. Charlotte offers a reasonable cost of living compared to similar-sized cities, where a modest income can be spread widely.