Matthews, NC vs. Charlotte, NC: Cost of Living Comparison (2025)
Imagine two families considering a move to the Charlotte area in 2025. The Smiths, a couple in their 30s, are comparing a 2-bedroom apartment in Matthews renting for $1,400 to a similar unit in Charlotte for $1,650. Meanwhile, the Johnsons, a family of four, are debating between a 3-bedroom house in Matthews with a mortgage of $1,900 vs one in Charlotte costing $2,200 per month.
On their first grocery run, the Smiths spend $120 in Matthews compared to $140 for the same items in Charlotte. The Johnsons, with two growing kids, pay $180 in Matthews vs $210 in Charlotte. Utility bills, gas, and other daily expenses add up similarly, with Matthews consistently 10-15% cheaper.
This article provides a detailed cost of living comparison between Matthews and Charlotte. It is perfect for families relocating, professionals choosing between job offers, or anyone comparing the real-life cost of living in these two cities in 2025.
Housing Costs
Housing is often the biggest factor in cost of living differences. Here’s how typical rent and mortgage costs compare for Matthews vs Charlotte:
| Housing Type | Matthews | Charlotte |
|---|---|---|
| 2BR Apartment (Rent) | $1,400 | $1,650 |
| 3BR House (Mortgage) | $1,900 | $2,200 |
🏆 Winner: Matthews. Housing costs are around 15% lower in Matthews compared to similar homes and apartments in Charlotte proper.
Utilities and Energy Costs
Utility costs also tend to be lower in Matthews. A typical household might spend:
- Matthews: $180/month (summer), $140/month (winter)
- Charlotte: $200/month (summer), $160/month (winter)
Both cities offer optional programs like off-peak discounts to help manage costs.
🏆 Winner: Matthews. Utility bills average about 10% less in Matthews.
Groceries and Daily Expenses
Expect to spend around 10-15% less on groceries, dining out, and everyday purchases in Matthews compared to Charlotte. For example:
- Monthly grocery costs for a couple: $480 (Matthews), $560 (Charlotte)
- Fast casual meal for two: $28 (Matthews), $32 (Charlotte)
🏆 Winner: Matthews. The suburban location helps keep daily expenses lower.
Taxes and Fees
Property taxes are slightly lower in Matthews, averaging 0.9% vs 1.1% in Charlotte. City service fees are comparable, while HOA fees tend to be higher in Matthews ($200-400/month) since they often include more amenities.
🏆 Winner: Tie. Lower property taxes in Matthews are offset by higher HOA fees for many homes.
Cost Summary
| Expense | Matthews | Charlotte |
|---|---|---|
| Housing (3BR) | $1,900 | $2,200 |
| Utilities | $160 | $180 |
| Groceries | $800 | $920 |
| Transportation | $300 | $280 |
| Taxes & Fees | $400 | $380 |
| Misc Costs | $600 | $700 |
| Estimated Monthly Total | $4,160 | $4,660 |
All income figures are expressed in gross monthly income (pre-tax) for consistency. Actual take-home pay will be lower.
Lifestyle Fit
Cost is just one factor in choosing between Matthews and Charlotte. Also consider:
- Space: Homes in Matthews average 400 sq ft larger than Charlotte
- Commute: Charlotte’s light rail system makes for easier commutes downtown
- Walkability: Matthews’ historic downtown is very pedestrian-friendly
- Vibe: Charlotte offers a faster pace and urban energy vs Matthews’ relaxed suburban feel
Frequently Asked Questions
Is Matthews more affordable than Charlotte?
Yes, the cost of living in Matthews is around 10% lower than Charlotte as of 2025. Housing and daily expenses tend to be cheaper in Matthews.
Which city has lower rent?
Rent prices are about 15% lower in Matthews. A typical 2-bedroom apartment rents for $1,400 in Matthews compared to $1,650 in Charlotte.
Where is it cheaper to buy a home?
Matthews offers lower housing prices overall. A 3-bedroom house in Matthews averages $1,900/month vs $2,200/month in Charlotte assuming a 30-year fixed mortgage.
Conclusion
While Charlotte offers big city amenities and energy, Matthews provides a lower cost of living that appeals to many families and professionals. Housing costs alone are 10-15% cheaper in Matthews.
However, the best fit depends on your lifestyle priorities. Young professionals who value walkability and don’t mind less space may prefer Charlotte. Growing families looking for affordable homes and good schools often choose Matthews.
Budgeting for a move? Check out our Monthly Budget Guide for Matthews to see what you can afford.