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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Raleigh is roughly financially neutral — costs and incomes shift together.
Raleigh has a cost index of 105 vs 98 for Garland. Raleigh is 7 points more expensive overall. Monthly rent goes from $1,563 to $1,567 (0%).
If you earn the Garland median of $74,717, you would need approximately $80,054/year in Raleigh to maintain equivalent purchasing power, based on the cost index difference of 7 points (7%).
Median rent in Garland is $1,563/month. In Raleigh it is $1,567/month — a difference of +$4 per month, or $48 per year.
Moving to Raleigh is roughly financially neutral — costs and incomes shift together. The salary equivalent to maintain your current lifestyle is $80,054/year in Raleigh. The median income there is $82,424.
Estimated monthly essentials total $3,433 in Garland vs $3,561 in Raleigh — a difference of +$128/month (+$1,536/year).
The median home price in Raleigh is $428,831 vs $283,929 in Garland. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,168 in Raleigh vs $1,436 in Garland.