Chicago vs Charlotte
Chicago, IL · Charlotte, NC
Charlotte is 9% cheaper than Chicago overall.
Home Price
Chicago: $315,000
Charlotte: $365,000
Monthly Rent
Chicago: $2,288/mo
Charlotte: $1,595/mo
COL Index
Chicago: 114
Charlotte: 104
Median Income
Chicago: $70,100
Charlotte: $68,600
Side-by-Side Comparison
Median Home Price
Monthly Rent (Median)
Median Household Income
Property Tax Rate
Cost of Living Index
100 = national average
Avg. Commute
Unemployment Rate
Median Age
What This Means For You
Buying Power
A $100,000 salary in Chicago has the same purchasing power as $91,228 in Charlotte — based on each city's cost of living index.
Housing
Homes in Charlotte are 16% cheaper (-$50,000 less). That's a significant down payment and monthly payment difference.
Renting
Renting in Charlotte saves you $693/month — $8,316 per year. Median rent: $2,288/mo in Chicago vs $1,595/mo in Charlotte.
Property Taxes
On a median-priced home, Chicago owners pay roughly $6,615/year in property taxes vs $2,884/year in Charlotte. That's a $3,731 annual difference.
Local Earnings
Median household income is $70,100 in Chicago and $68,600 in Charlotte. Incomes are similar, so cost of living differences matter more.
Daily Commute
Average commute is 31 minutes in Chicago vs 27 minutes in Charlotte. Commute times are nearly identical.
Salary Equivalence
To maintain the same lifestyle when moving from Chicago to Charlotte, here's the salary you'd need:
| Salary in Chicago | Equivalent in Charlotte | Difference |
|---|---|---|
| $50,000 | $45,614 | -$4,386 |
| $75,000 | $68,421 | -$6,579 |
| $100,000 | $91,228 | -$8,772 |
| $150,000 | $136,842 | -$13,158 |
| $200,000 | $182,456 | -$17,544 |
* Calculated using cost of living indices (national average = 100). Does not account for state income tax differences.
Run the Numbers
Mortgage Calculator
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Rent vs Buy
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Cost of Living
Full cost of living comparison tool
Home Appreciation
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Affordability Calculator
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Property Tax Calculator
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Chicago Calculators
Charlotte Calculators
Related Comparisons
Chicago vs Charlotte: Common Questions
Is Chicago or Charlotte cheaper to live in?
Based on cost of living indices, Charlotte is cheaper overall. Chicago has a COL index of 114 while Charlotte scores 104 (national average = 100).
How do home prices compare between Chicago and Charlotte?
The median home price in Chicago is $315,000 vs $365,000 in Charlotte — a difference of $50,000 (16%).
What salary do I need in Charlotte to match my Chicago income?
Use the salary equivalence table above. For example, a $100K salary in Chicago is equivalent to $91,228 in Charlotte in terms of purchasing power.
Which city has lower property taxes?
Charlotte has a lower property tax rate (0.79% vs 2.1%). On a median-priced home, that means paying $2,884/year vs $6,615/year.
Cost of living data sourced from Council for Community and Economic Research (C2ER) Cost of Living Index, U.S. Census Bureau American Community Survey, and Zillow Research. Tax rates from Tax Foundation and state revenue agencies. Last updated: March 2025.