Assembling your view…
Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Irving is roughly financially neutral — costs and incomes shift together.
Irving has a cost index of 101 vs 98 for Garland. Irving is 3 points more expensive overall. Monthly rent goes from $1,563 to $1,587 (+2%).
If you earn the Garland median of $74,717, you would need approximately $77,004/year in Irving to maintain equivalent purchasing power, based on the cost index difference of 3 points (3%).
Median rent in Garland is $1,563/month. In Irving it is $1,587/month — a difference of +$24 per month, or $288 per year.
Moving to Irving is roughly financially neutral — costs and incomes shift together. The salary equivalent to maintain your current lifestyle is $77,004/year in Irving. The median income there is $79,641.
Estimated monthly essentials total $3,433 in Garland vs $3,511 in Irving — a difference of +$78/month (+$936/year).
The median home price in Irving is $337,859 vs $283,929 in Garland. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,708 in Irving vs $1,436 in Garland.