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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Surprise looks like a financial upgrade — better income-to-cost ratio.
Surprise has a cost index of 110 vs 98 for Lexington. Surprise is 12 points more expensive overall. Monthly rent goes from $1,487 to $1,926 (+30%).
If you earn the Lexington median of $67,631, you would need approximately $75,912/year in Surprise to maintain equivalent purchasing power, based on the cost index difference of 12 points (12%).
Median rent in Lexington is $1,487/month. In Surprise it is $1,926/month — a difference of +$439 per month, or $5,268 per year.
Moving to Surprise looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $75,912/year in Surprise. The median income there is $93,371.
Estimated monthly essentials total $3,370 in Lexington vs $4,011 in Surprise — a difference of +$641/month (+$7,692/year).
The median home price in Surprise is $421,071 vs $322,743 in Lexington. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,129 in Surprise vs $1,632 in Lexington.