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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Nampa is a financial step down — higher costs without proportional income gain.
Nampa has a cost index of 104 vs 103 for Elgin. Nampa is 1 points more expensive overall. Monthly rent goes from $1,736 to $1,561 (-10%).
If you earn the Elgin median of $88,316, you would need approximately $89,173/year in Nampa to maintain equivalent purchasing power, based on the cost index difference of 1 points (1%).
Median rent in Elgin is $1,736/month. In Nampa it is $1,561/month — a difference of $175 per month, or $2,100 per year.
Moving to Nampa is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $89,173/year in Nampa. The median income there is $72,122.
Estimated monthly essentials total $3,689 in Elgin vs $3,532 in Nampa — a difference of $157/month ($1,884/year).
The median home price in Nampa is $408,658 vs $323,259 in Elgin. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,066 in Nampa vs $1,635 in Elgin.