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Crunching costs, sorting signals, rendering insights.
Moving to Peoria looks like a financial upgrade — better income-to-cost ratio.
Peoria has a cost index of 111 vs 100 for Denton. Peoria is 11 points more expensive overall. Monthly rent goes from $1,491 to $1,821 (+22%).
If you earn the Denton median of $73,719, you would need approximately $81,828/year in Peoria to maintain equivalent purchasing power, based on the cost index difference of 11 points (11%).
Median rent in Denton is $1,491/month. In Peoria it is $1,821/month — a difference of +$330 per month, or $3,960 per year.
Moving to Peoria looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $81,828/year in Peoria. The median income there is $93,403.
Estimated monthly essentials total $3,398 in Denton vs $3,930 in Peoria — a difference of +$532/month (+$6,384/year).
The median home price in Peoria is $485,361 vs $350,992 in Denton. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,454 in Peoria vs $1,775 in Denton.