Assembling your view…
Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Raleigh is roughly financially neutral — costs and incomes shift together.
Raleigh has a cost index of 105 vs 101 for Irving. Raleigh is 4 points more expensive overall. Monthly rent goes from $1,587 to $1,567 (-1%).
If you earn the Irving median of $79,641, you would need approximately $82,795/year in Raleigh to maintain equivalent purchasing power, based on the cost index difference of 4 points (4%).
Median rent in Irving is $1,587/month. In Raleigh it is $1,567/month — a difference of $20 per month, or $240 per year.
Moving to Raleigh is roughly financially neutral — costs and incomes shift together. The salary equivalent to maintain your current lifestyle is $82,795/year in Raleigh. The median income there is $82,424.
Estimated monthly essentials total $3,511 in Irving vs $3,561 in Raleigh — a difference of +$50/month (+$600/year).
The median home price in Raleigh is $428,831 vs $337,859 in Irving. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,168 in Raleigh vs $1,708 in Irving.