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Cost of Living Comparison 2026

๐Ÿ“ Matthews, NC โ€” COL adjusted from Charlotte, NC area + state data

$

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You'd spend $587/month more in Charlotte, NC

$150.0K in your current city equals $157.0K in Charlotte, NC

Rent data from HUD ZIP-level estimates ยท COL index from Charlotte-Concord-Gastonia, NC-SC area
Overall Cost
โ†‘ 7.8%
More expensive
Monthly Impact
$587
Extra cost
Annual Impact
$7.0K
Per year

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

Matthews, NC

Population:31K
Cost Index:100
Median Home:$399K

Charlotte, NC

Population:875K
Cost Index:108
Median Home:$399K

Matthews, NC

The Tar Heel State

31K
Population
State Tax
Yes

Located in North Carolina, this city has a population of 31K residents.

Charlotte, NC

The Tar Heel State

875K
Population
State Tax
Yes
Climate
Humid subtropical

Notable Facts

  • โ€ขMajor banking center
  • โ€ขNASCAR headquarters
  • โ€ขQueen City

Major Industries

FinanceTechnologyEnergyMotorsports

Cost Breakdown by Category

Annual spending: Matthews, NC vs Charlotte, NC

๐Ÿ Housing
โ†‘ 19.8%
Matthews, NC
$2,061
Charlotte, NC
$2,469
Difference
$408
more
๐Ÿ“ฆOther
โ†‘ 7.8%
Matthews, NC
$1,584
Charlotte, NC
$1,707
Difference
$124
more
๐Ÿš—Transportation
โ†‘ 7.8%
Matthews, NC
$1,115
Charlotte, NC
$1,202
Difference
$87.23
more
๐Ÿ›’Groceries
โ†‘ 3.8%
Matthews, NC
$953
Charlotte, NC
$989
Difference
$36.57
more
๐ŸฅHealthcare
โ†‘ 3.8%
Matthews, NC
$615
Charlotte, NC
$638
Difference
$23.59
more
โšกAll Utilities
โ†‘ 3.8%
Matthews, NC
$500
Charlotte, NC
$519
Difference
$19.19
more

๐Ÿ Rent Comparison

Studio
From$749
To$1,630
โ†‘ $881
1 Bed
From$867
To$1,710
โ†‘ $843
2 Bed
From$1,064
To$1,870
โ†‘ $806
3 Bed
From$1,419
To$2,300
โ†‘ $881
Charlotte, NCZIP-level data

1BR range: $1,340โ€“$2,310/mo

๐Ÿ’ก 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.

$6,826
Monthly in Matthews, NC
$7,525
Monthly in Charlotte, NC
$699
Difference

Home Values

Matthews
Charlotte
-
Median Value
$399K
-
YoY Change
โ†“ -1.1%
-
5-Year Change
โ†‘ +40.8%
-
Price Range
$293K - $1.57M

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
โ†’ $0
Same taxes
Monthly Difference
$0
Same take-home
Effective Rate Diff
0.0%
Rate difference

Matthews, 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

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

Matthews, NC Tax Rates

Sales Tax:7.1%
Property Tax:0.8%

Charlotte, NC Tax Rates

Sales Tax:7.1%
Property Tax:0.8%

๐Ÿ’ก 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

Matthews
Charlotte
51 Moderate
Air Quality
51 Moderate
46.2%
Good Air Days
46.2%
97 High
Climate Risk
97 High
๐ŸŒŠ๐ŸŒช๐Ÿ’จ
Top Hazards
๐ŸŒŠ๐ŸŒช๐Ÿ’จ
โ–ฒ+2.9ยฐF
2050 Outlook
โ–ฒ+2.9ยฐF
36 days
Heat Days >95ยฐF
36 days
โ–ฒ+2.9ยฐF
2050 Outlook
โ–ฒ+2.9ยฐF
36 days
Heat Days >95ยฐF
36 days

Where your money goes further

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