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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Tyler is a financial step down — higher costs without proportional income gain.
Tyler has a cost index of 92 vs 107 for Austin. Tyler is 15 points cheaper overall. Monthly rent goes from $1,531 to $1,290 (-16%).
If you earn the Austin median of $91,461, you would need approximately $78,639/year in Tyler to maintain equivalent purchasing power, based on the cost index difference of 15 points (14%).
Median rent in Austin is $1,531/month. In Tyler it is $1,290/month — a difference of $241 per month, or $2,892 per year.
Moving to Tyler is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $78,639/year in Tyler. The median income there is $65,527.
Estimated monthly essentials total $3,570 in Austin vs $3,055 in Tyler — a difference of $515/month ($6,180/year).
The median home price in Tyler is $248,536 vs $500,627 in Austin. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,257 in Tyler vs $2,531 in Austin.