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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Dayton is roughly financially neutral — costs and incomes shift together.
Dayton has a cost index of 85 vs 104 for Knoxville. Dayton is 19 points cheaper overall. Monthly rent goes from $1,708 to $1,186 (-31%).
If you earn the Knoxville median of $50,994, you would need approximately $41,678/year in Dayton to maintain equivalent purchasing power, based on the cost index difference of 19 points (18%).
Median rent in Knoxville is $1,708/month. In Dayton it is $1,186/month — a difference of $522 per month, or $6,264 per year.
Moving to Dayton is roughly financially neutral — costs and incomes shift together. The salary equivalent to maintain your current lifestyle is $41,678/year in Dayton. The median income there is $43,454.
Estimated monthly essentials total $3,686 in Knoxville vs $2,829 in Dayton — a difference of $857/month ($10,284/year).
The median home price in Dayton is $133,852 vs $363,688 in Knoxville. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $677 in Dayton vs $1,839 in Knoxville.