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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to St Louis is roughly financially neutral — costs and incomes shift together.
St Louis has a cost index of 89 vs 97 for Houston. St Louis is 8 points cheaper overall. Monthly rent goes from $1,542 to $1,326 (-14%).
If you earn the Houston median of $62,894, you would need approximately $57,707/year in St Louis to maintain equivalent purchasing power, based on the cost index difference of 8 points (8%).
Median rent in Houston is $1,542/month. In St Louis it is $1,326/month — a difference of $216 per month, or $2,592 per year.
Moving to St Louis is roughly financially neutral — costs and incomes shift together. The salary equivalent to maintain your current lifestyle is $57,707/year in St Louis. The median income there is $55,279.
Estimated monthly essentials total $3,393 in Houston vs $3,046 in St Louis — a difference of $347/month ($4,164/year).
The median home price in St Louis is $179,917 vs $261,976 in Houston. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $910 in St Louis vs $1,325 in Houston.