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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Seattle looks like a financial upgrade — better income-to-cost ratio.
Seattle has a cost index of 134 vs 151 for Boston. Seattle is 17 points cheaper overall. Monthly rent goes from $3,510 to $2,187 (-38%).
If you earn the Boston median of $94,755, you would need approximately $84,087/year in Seattle to maintain equivalent purchasing power, based on the cost index difference of 17 points (11%).
Median rent in Boston is $3,510/month. In Seattle it is $2,187/month — a difference of $1,323 per month, or $15,876 per year.
Moving to Seattle looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $84,087/year in Seattle. The median income there is $121,984.
Estimated monthly essentials total $6,326 in Boston vs $4,693 in Seattle — a difference of $1,633/month ($19,596/year).
The median home price in Seattle is $848,869 vs $768,702 in Boston. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $4,292 in Seattle vs $3,887 in Boston.