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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Amarillo looks like a financial upgrade — better income-to-cost ratio.
Amarillo has a cost index of 89 vs 92 for Lubbock. Amarillo is 3 points cheaper overall. Monthly rent goes from $1,388 to $1,245 (-10%).
If you earn the Lubbock median of $60,487, you would need approximately $58,515/year in Amarillo to maintain equivalent purchasing power, based on the cost index difference of 3 points (3%).
Median rent in Lubbock is $1,388/month. In Amarillo it is $1,245/month — a difference of $143 per month, or $1,716 per year.
Moving to Amarillo looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $58,515/year in Amarillo. The median income there is $62,469.
Estimated monthly essentials total $3,145 in Lubbock vs $2,960 in Amarillo — a difference of $185/month ($2,220/year).
The median home price in Amarillo is $202,835 vs $207,080 in Lubbock. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,026 in Amarillo vs $1,047 in Lubbock.