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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Boston looks like a financial upgrade — better income-to-cost ratio.
Boston has a cost index of 151 vs 85 for Dayton. Boston is 66 points more expensive overall. Monthly rent goes from $1,186 to $3,510 (+196%).
If you earn the Dayton median of $43,454, you would need approximately $77,195/year in Boston to maintain equivalent purchasing power, based on the cost index difference of 66 points (78%).
Median rent in Dayton is $1,186/month. In Boston it is $3,510/month — a difference of +$2,324 per month, or $27,888 per year.
Moving to Boston looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $77,195/year in Boston. The median income there is $94,755.
Estimated monthly essentials total $2,829 in Dayton vs $6,326 in Boston — a difference of +$3,497/month (+$41,964/year).
The median home price in Boston is $768,702 vs $133,852 in Dayton. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $3,887 in Boston vs $677 in Dayton.