Cost of Living: Charlotte, NC vs Tatum, NM

Housing

The housing market plays a significant role in determining the cost of living.

Metric Charlotte Tatum
Housing Index 110.0 Data is updating
Median Home Price $364,000 $150,000
Average Rent (2 BR Apartment) $1600 $Data is updating
Average Rent (2 BR House) $1640 $Data is updating

Housing Comparison: Charlotte vs Tatum

  • In Charlotte, the median home price is higher at $364,000, while in Tatum it is $150,000.
  • The rent for a two-bedroom apartment is equal in both Charlotte and Tatum at $1,600.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.

Metric Charlotte Tatum
Electricity Price $13.72 $14.44
Natural Gas Price $Data is updating $Data is updating
Other Utilities $250 $Data is updating

Utilities Comparison: Charlotte vs Tatum

  • Tatum has higher electricity costs at $14.44 per kWh, versus $13.72 in Charlotte.
  • Natural gas price data is currently unavailable.
  • Utility expenses are equal in both Charlotte and Tatum averaging $250.