Assembling your view…
Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Surprise looks like a financial upgrade — better income-to-cost ratio.
Surprise has a cost index of 110 vs 107 for Gresham. Surprise is 3 points more expensive overall. Monthly rent goes from $1,594 to $1,926 (+21%).
If you earn the Gresham median of $73,608, you would need approximately $75,672/year in Surprise to maintain equivalent purchasing power, based on the cost index difference of 3 points (3%).
Median rent in Gresham is $1,594/month. In Surprise it is $1,926/month — a difference of +$332 per month, or $3,984 per year.
Moving to Surprise looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $75,672/year in Surprise. The median income there is $93,371.
Estimated monthly essentials total $3,620 in Gresham vs $4,011 in Surprise — a difference of +$391/month (+$4,692/year).
The median home price in Surprise is $421,071 vs $463,410 in Gresham. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,129 in Surprise vs $2,343 in Gresham.