Assembling your view…
Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Hampton is a financial step down — higher costs without proportional income gain.
Hampton has a cost index of 98 vs 98 for Garland. Both cities have the same overall cost index. Monthly rent goes from $1,563 to $1,587 (+2%).
If you earn the Garland median of $74,717, you would need approximately $74,717/year in Hampton to maintain equivalent purchasing power, based on the cost index difference of 0 points (0%).
Median rent in Garland is $1,563/month. In Hampton it is $1,587/month — a difference of +$24 per month, or $288 per year.
Moving to Hampton is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $74,717/year in Hampton. The median income there is $67,758.
Estimated monthly essentials total $3,433 in Garland vs $3,457 in Hampton — a difference of +$24/month (+$288/year).
The median home price in Hampton is $272,161 vs $283,929 in Garland. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,376 in Hampton vs $1,436 in Garland.