Is Charlotte, NC cheaper than Madison, WI?

Based on cost of living data, Charlotte, NC is 7.6% cheaper than Madison, WI. This translates to saving $571 per month.

What salary do I need in Charlotte, NC to live like I do in Madison, WI?

If you earn $150,000 in Madison, WI, you'd need approximately $143,142.857 in Charlotte, NC to maintain the same standard of living.

How does housing cost compare between Madison, WI and Charlotte, NC?

Housing in Charlotte, NC is 10.4% cheaper than in Madison, WI. For a two-bedroom apartment, rent is $1,870/month in Charlotte, NC compared to $1,835/month in Madison, WI.

How much can I save per month by moving from Madison, WI to Charlotte, NC?

Moving from Madison, WI to Charlotte, NC could save you approximately $571 per month, or $6857 per year, based on a $150,000 salary.

Madison, WI vs Charlotte, NC: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

Current salary in Madison, WI

Numbers update automatically as you type

You'd save $571/month moving to Charlotte, NC

$150.0K in your current city equals $143.1K in Charlotte, NC

Rent data from HUD ZIP-level estimates · COL index from Madison, WI area

Overall Cost

↓ 7.6%

Less expensive

Monthly Impact

$571

Savings

Annual Impact

$6.9K

Per year

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

Madison, WI

Population:270K

Cost Index:100

Median Home:$427K

Charlotte, NC

Population:875K

Cost Index:92

Median Home:$399K

Madison, WI

The Badger State

270K

Population

State Tax

Yes

Located in Wisconsin, this city has a population of 270K 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: Madison, WI vs Charlotte, NC

Category	Madison, WI	Charlotte, NC	Difference	Change
🏠Housing	$2,755/mo	$2,469/mo	↓ $286less	10.4%
🚗Transportation	$1,407/mo	$1,202/mo	↓ $205less	14.6%
📦Other	$1,791/mo	$1,707/mo	↓ $83.70less	4.7%
🏥Healthcare	$719/mo	$638/mo	↓ $80.54less	11.2%
🛒Groceries	$959/mo	$989/mo	↑ $29.98more	3.1%
⚡All Utilities	$508/mo	$519/mo	↑ $10.93more	2.2%

🏠Housing

↓ 10.4%

Madison, WI

$2,755

Charlotte, NC

$2,469

Difference

$286

less

🚗Transportation

↓ 14.6%

Madison, WI

$1,407

Charlotte, NC

$1,202

Difference

$205

less

📦Other

↓ 4.7%

Madison, WI

$1,791

Charlotte, NC

$1,707

Difference

$83.70

less

🏥Healthcare

↓ 11.2%

Madison, WI

$719

Charlotte, NC

$638

Difference

$80.54

less

🛒Groceries

↑ 3.1%

Madison, WI

$959

Charlotte, NC

$989

Difference

$29.98

⚡All Utilities

↑ 2.2%

Madison, WI

$508

Charlotte, NC

$519

Difference

$10.93

🏠Rent Comparison

Studio

From$1,370

To$1,630

↑ $260

1 Bed

From$1,605

To$1,710

↑ $105

2 Bed

From$1,835

To$1,870

↑ $35.00

3 Bed

From$2,425

To$2,300

↓ $125

Madison, WIZIP-level data

1BR range: $1,360–$1,840/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.

$8,139

Monthly in Madison, WI

$7,525

Monthly in Charlotte, NC

$614

Difference

Home Values

Madison

Charlotte

$427K

Median Value

$399K

↑ +2.3%

YoY Change

↓ -1.1%

↑ +37.4%

5-Year Change

↑ +40.8%

$359K - $534K

Price Range

$293K - $1.57M

Homes in Charlotte are 7% less expensive than Madison

Calculate payment - Madison Calculate payment - Charlotte

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $1.7K

Per year

Monthly Difference

$144

More take-home

Effective Rate Diff

1.1%

Rate difference

Madison, WI

Federal Income Tax

Effective: 18.9%

$25.5K

Wisconsin State Tax

Effective: 5.9%

$8.8K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 30.6%

$45.9K

Take-Home Pay

$8,678/month

$104.1K

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

Madison, WI Tax Rates

Sales Tax:5.6%

Property Tax:1.8%

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.