Loading
Assembling your view…
Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Phoenix is roughly financially neutral — costs and incomes shift together.
Phoenix has a cost index of 104 vs 184 for Irvine. Phoenix is 80 points cheaper overall. Monthly rent goes from $3,361 to $1,556 (-54%).
If you earn the Irvine median of $129,647, you would need approximately $73,279/year in Phoenix to maintain equivalent purchasing power, based on the cost index difference of 80 points (43%).
Median rent in Irvine is $3,361/month. In Phoenix it is $1,556/month — a difference of $1,805 per month, or $21,660 per year.
Moving to Phoenix is roughly financially neutral — costs and incomes shift together. The salary equivalent to maintain your current lifestyle is $73,279/year in Phoenix. The median income there is $77,041.
Estimated monthly essentials total $6,764 in Irvine vs $3,523 in Phoenix — a difference of $3,241/month ($38,892/year).
The median home price in Phoenix is $407,665 vs $1,541,925 in Irvine. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,061 in Phoenix vs $7,797 in Irvine.