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Cost of Living Comparison 2026

📍 Homewood, AL — ZIP-level rent data · COL adjusted from Birmingham, AL area

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Numbers update automatically as you type

You'd spend $1.2K/month more in Charlotte, NC

$150.0K in your current city equals $164.8K in Charlotte, NC

Rent data from HUD ZIP-level estimates · COL index from Birmingham-Hoover, AL area
Overall Cost
↑ 16.5%
More expensive
Monthly Impact
$1,237
Extra cost
Annual Impact
$14.8K
Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Homewood, AL

Population:28K
Cost Index:100
Median Home:$502K

Charlotte, NC

Population:875K
Cost Index:116
Median Home:$399K

Homewood, AL

The Heart of Dixie

28K
Population
State Tax
Yes

Located in Alabama, this city has a population of 28K residents.

Charlotte, NC

The Tar Heel State

875K
Population
State Tax
Yes
Climate
Humid subtropical

Notable Facts

  • •Major banking center
  • •NASCAR headquarters
  • •Queen City

Major Industries

FinanceTechnologyEnergyMotorsports

Cost Breakdown by Category

Annual spending: Homewood, AL vs Charlotte, NC

🏠Housing
↑ 49.0%
Homewood, AL
$1,656
Charlotte, NC
$2,469
Difference
$812
more
📦Other
↑ 13.4%
Homewood, AL
$1,506
Charlotte, NC
$1,707
Difference
$202
more
🏥Healthcare
↑ 26.9%
Homewood, AL
$503
Charlotte, NC
$638
Difference
$135
more
🚗Transportation
↑ 4.5%
Homewood, AL
$1,150
Charlotte, NC
$1,202
Difference
$51.64
more
🛒Groceries
↑ 5.4%
Homewood, AL
$938
Charlotte, NC
$989
Difference
$50.81
more
⚡All Utilities
↓ 1.9%
Homewood, AL
$529
Charlotte, NC
$519
Difference
$10.11
less

🏠Rent Comparison

Studio
From$1,041
To$1,630
↑ $589
1 Bed
From$1,171
To$1,710
↑ $539
2 Bed
From$1,285
To$1,870
↑ $585
3 Bed
From$1,611
To$2,300
↑ $689
Homewood, ALZIP-level data

1BR range: $1,440–$1,440/mo

Charlotte, NCZIP-level data

1BR range: $1,340–$2,310/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$6,284
Monthly in Homewood, AL
$7,525
Monthly in Charlotte, NC
$1,241
Difference

Home Values

Homewood
Charlotte
$502K
Median Value
$399K
↑ +3.6%
YoY Change
↓ -1.1%
↑ +24.2%
5-Year Change
↑ +40.8%
$502K
Price Range
$293K - $1.57M

Homes in Charlotte are 21% less expensive than Homewood

Calculate payment - HomewoodCalculate payment - Charlotte

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
↑ $335
Per year
Monthly Difference
$27.92
More take-home
Effective Rate Diff
0.2%
Rate difference

Homewood, AL

Federal Income Tax
Effective: 18.9%
$25.5K
Alabama State Tax
Effective: 5.0%
$7.5K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.6%
$44.5K
Take-Home Pay
$8,794/month
$105.5K

Charlotte, NC

Federal Income Tax
Effective: 18.9%
$25.5K
North Carolina State Tax
Effective: 4.8%
$7.1K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.4%
$44.1K
Take-Home Pay
$8,822/month
$105.9K

Additional Tax Information

Homewood, AL Tax Rates

Sales Tax:9.1%
Property Tax:0.4%

Charlotte, NC Tax Rates

Sales Tax:7.1%
Property Tax:0.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Homewood
Charlotte
57 Moderate
Air Quality
51 Moderate
26%
Good Air Days
46.2%
98 High
Climate Risk
97 High
🌊🌡🌪
Top Hazards
🌊🌪💨
▲+2.5°F
2050 Outlook
▲+2.9°F
41 days
Heat Days >95°F
36 days
▲+2.5°F
2050 Outlook
▲+2.9°F
41 days
Heat Days >95°F
36 days

💰 See how taxes change too — compare take-home pay between Alabama and North Carolina on TaxTakeHome.com

Similar cost to Charlotte, NC

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