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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Memphis looks like a financial upgrade — better income-to-cost ratio.
Memphis has a cost index of 86 vs 85 for Dayton. Memphis is 1 points more expensive overall. Monthly rent goes from $1,186 to $1,234 (+4%).
If you earn the Dayton median of $43,454, you would need approximately $43,965/year in Memphis to maintain equivalent purchasing power, based on the cost index difference of 1 points (1%).
Median rent in Dayton is $1,186/month. In Memphis it is $1,234/month — a difference of +$48 per month, or $576 per year.
Moving to Memphis looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $43,965/year in Memphis. The median income there is $51,211.
Estimated monthly essentials total $2,829 in Dayton vs $2,900 in Memphis — a difference of +$71/month (+$852/year).
The median home price in Memphis is $142,870 vs $133,852 in Dayton. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $722 in Memphis vs $677 in Dayton.