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Crunching costs, sorting signals, rendering insights.
Moving to Provo is a financial step down — higher costs without proportional income gain.
Provo has a cost index of 105 vs 98 for Abilene. Provo is 7 points more expensive overall. Monthly rent goes from $1,758 to $1,448 (-18%).
If you earn the Abilene median of $62,720, you would need approximately $67,200/year in Provo to maintain equivalent purchasing power, based on the cost index difference of 7 points (7%).
Median rent in Abilene is $1,758/month. In Provo it is $1,448/month — a difference of $310 per month, or $3,720 per year.
Moving to Provo is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $67,200/year in Provo. The median income there is $62,800.
Estimated monthly essentials total $3,623 in Abilene vs $3,445 in Provo — a difference of $178/month ($2,136/year).
The median home price in Provo is $478,858 vs $206,199 in Abilene. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,421 in Provo vs $1,043 in Abilene.