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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Provo is a financial step down — higher costs without proportional income gain.
Provo has a cost index of 105 vs 97 for Houston. Provo is 8 points more expensive overall. Monthly rent goes from $1,542 to $1,448 (-6%).
If you earn the Houston median of $62,894, you would need approximately $68,081/year in Provo to maintain equivalent purchasing power, based on the cost index difference of 8 points (8%).
Median rent in Houston is $1,542/month. In Provo it is $1,448/month — a difference of $94 per month, or $1,128 per year.
Moving to Provo is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $68,081/year in Provo. The median income there is $62,800.
Estimated monthly essentials total $3,393 in Houston vs $3,445 in Provo — a difference of +$52/month (+$624/year).
The median home price in Provo is $478,858 vs $261,976 in Houston. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,421 in Provo vs $1,325 in Houston.