Is Charlotte, NC cheaper than Peabody, MA?

Based on cost of living data, Charlotte, NC is 31.1% cheaper than Peabody, MA. This translates to saving $2332 per month.

What salary do I need in Charlotte, NC to live like I do in Peabody, MA?

If you earn $150,000 in Peabody, MA, you'd need approximately $122,010.175 in Charlotte, NC to maintain the same standard of living.

How does housing cost compare between Peabody, MA and Charlotte, NC?

Housing in Charlotte, NC is 45.0% cheaper than in Peabody, MA. For a two-bedroom apartment, rent is $1,870/month in Charlotte, NC compared to $2,056/month in Peabody, MA.

How much can I save per month by moving from Peabody, MA to Charlotte, NC?

Moving from Peabody, MA to Charlotte, NC could save you approximately $2332 per month, or $27990 per year, based on a $150,000 salary.

Peabody, MA vs Charlotte, NC: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Peabody, MA — ZIP-level rent data · COL adjusted from Boston, MA area

Current salary in Peabody, MA

Numbers update automatically as you type

You'd save $2.3K/month moving to Charlotte, NC

$150.0K in your current city equals $122.0K in Charlotte, NC

Rent data from HUD ZIP-level estimates · COL index from Boston-Cambridge-Newton, MA-NH area

Overall Cost

↓ 31.1%

Less expensive

Monthly Impact

$2,332

Savings

Annual Impact

$28.0K

Per year

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

Peabody, MA

Population:54K

Cost Index:100

Median Home:$677K

Charlotte, NC

Population:875K

Cost Index:69

Median Home:$399K

Peabody, MA

The Bay State

54K

Population

State Tax

Yes

Located in Massachusetts, this city has a population of 54K 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: Peabody, MA vs Charlotte, NC

Category	Peabody, MA	Charlotte, NC	Difference	Change
🏠Housing	$4,486/mo	$2,469/mo	↓ $2,017less	45.0%
🚗Transportation	$1,729/mo	$1,202/mo	↓ $527less	30.5%
⚡All Utilities	$696/mo	$519/mo	↓ $177less	25.4%
🏥Healthcare	$723/mo	$638/mo	↓ $84.54less	11.7%
🛒Groceries	$1,049/mo	$989/mo	↓ $59.75less	5.7%
📦Other	$1,724/mo	$1,707/mo	↓ $16.56less	1.0%

🏠Housing

↓ 45.0%

Peabody, MA

$4,486

Charlotte, NC

$2,469

Difference

$2,017

less

🚗Transportation

↓ 30.5%

Peabody, MA

$1,729

Charlotte, NC

$1,202

Difference

$527

less

⚡All Utilities

↓ 25.4%

Peabody, MA

$696

Charlotte, NC

$519

Difference

$177

less

🏥Healthcare

↓ 11.7%

Peabody, MA

$723

Charlotte, NC

$638

Difference

$84.54

less

🛒Groceries

↓ 5.7%

Peabody, MA

$1,049

Charlotte, NC

$989

Difference

$59.75

less

📦Other

↓ 1.0%

Peabody, MA

$1,724

Charlotte, NC

$1,707

Difference

$16.56

less

🏠Rent Comparison

Studio

From$1,638

To$1,630

↓ $8.00

1 Bed

From$1,735

To$1,710

↓ $25.00

2 Bed

From$2,056

To$1,870

↓ $186

3 Bed

From$2,474

To$2,300

↓ $174

Peabody, MAZIP-level data

1BR range: $2,160–$2,160/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.

$10,407

Monthly in Peabody, MA

$7,525

Monthly in Charlotte, NC

$2,882

Difference

Home Values

Peabody

Charlotte

$677K

Median Value

$399K

↑ +1.2%

YoY Change

↓ -1.1%

↑ +29.9%

5-Year Change

↑ +40.8%

$677K

Price Range

$293K - $1.57M

Homes in Charlotte are 41% less expensive than Peabody

Calculate payment - Peabody Calculate payment - Charlotte

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $375

Per year

Monthly Difference

$31.25

More take-home

Effective Rate Diff

0.3%

Rate difference

Peabody, MA

Federal Income Tax

Effective: 18.9%

$25.5K

Massachusetts State Tax

Effective: 5.0%

$7.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.7%

$44.5K

Take-Home Pay

$8,791/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

Peabody, MA Tax Rates

Sales Tax:6.3%

Property Tax:1.2%

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.