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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Beaumont is roughly financially neutral — costs and incomes shift together.
Beaumont has a cost index of 88 vs 92 for Lubbock. Beaumont is 4 points cheaper overall. Monthly rent goes from $1,388 to $1,275 (-8%).
If you earn the Lubbock median of $60,487, you would need approximately $57,857/year in Beaumont to maintain equivalent purchasing power, based on the cost index difference of 4 points (4%).
Median rent in Lubbock is $1,388/month. In Beaumont it is $1,275/month — a difference of $113 per month, or $1,356 per year.
Moving to Beaumont is roughly financially neutral — costs and incomes shift together. The salary equivalent to maintain your current lifestyle is $57,857/year in Beaumont. The median income there is $57,530.
Estimated monthly essentials total $3,145 in Lubbock vs $2,966 in Beaumont — a difference of $179/month ($2,148/year).
The median home price in Beaumont is $165,122 vs $207,080 in Lubbock. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $835 in Beaumont vs $1,047 in Lubbock.