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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Fresno is a financial step down — higher costs without proportional income gain.
Fresno has a cost index of 105 vs 104 for Phoenix. Fresno is 1 points more expensive overall. Monthly rent goes from $1,556 to $1,693 (+9%).
If you earn the Phoenix median of $77,041, you would need approximately $77,782/year in Fresno to maintain equivalent purchasing power, based on the cost index difference of 1 points (1%).
Median rent in Phoenix is $1,556/month. In Fresno it is $1,693/month — a difference of +$137 per month, or $1,644 per year.
Moving to Fresno is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $77,782/year in Fresno. The median income there is $66,804.
Estimated monthly essentials total $3,523 in Phoenix vs $3,687 in Fresno — a difference of +$164/month (+$1,968/year).
The median home price in Fresno is $386,426 vs $407,665 in Phoenix. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,954 in Fresno vs $2,061 in Phoenix.