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. However, the national average sales tax is 7.05 percent, which means that North Carolina's rates aren't much higher than those in the rest of the country. 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. 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.
Health care is another major expense to consider when considering the cost of living in Charlotte. 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. The combined minimum sales tax rate for the state, county and city sales tax rate in Charlotte, North Carolina, is 7.25%. If you're not sure if you're living in downtown Charlotte, you can buy or rent property out of town.
The good news is that rents in Charlotte are historically lower than in other urban areas such as Atlanta. Located in the center of the state, Charlotte is close to the South Carolina border and two hours east of Asheville. Charlotte offers a reasonable cost of living compared to similar-sized cities, where a modest income can be spread widely. As across the country, Charlotte's rentals are more affordable in nearly every neighborhood.
The cost of living in Charlotte, North Carolina, is 3.98% lower than in your current city. While living here may cost more than in an average midsize city, it's more affordable than most major cities in the country. 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. Even with rent increases, the city's strong labor market continues to make Charlotte an attractive place to live.