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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Dayton is a financial step down — higher costs without proportional income gain.
Dayton has a cost index of 85 vs 184 for Irvine. Dayton is 99 points cheaper overall. Monthly rent goes from $3,361 to $1,186 (-65%).
If you earn the Irvine median of $129,647, you would need approximately $59,891/year in Dayton to maintain equivalent purchasing power, based on the cost index difference of 99 points (54%).
Median rent in Irvine is $3,361/month. In Dayton it is $1,186/month — a difference of $2,175 per month, or $26,100 per year.
Moving to Dayton is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $59,891/year in Dayton. The median income there is $43,454.
Estimated monthly essentials total $6,764 in Irvine vs $2,829 in Dayton — a difference of $3,935/month ($47,220/year).
The median home price in Dayton is $133,852 vs $1,541,925 in Irvine. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $677 in Dayton vs $7,797 in Irvine.