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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Austin looks like a financial upgrade — better income-to-cost ratio.
Austin has a cost index of 107 vs 111 for Portland. Austin is 4 points cheaper overall. Monthly rent goes from $1,710 to $1,531 (-10%).
If you earn the Portland median of $88,792, you would need approximately $85,592/year in Austin to maintain equivalent purchasing power, based on the cost index difference of 4 points (4%).
Median rent in Portland is $1,710/month. In Austin it is $1,531/month — a difference of $179 per month, or $2,148 per year.
Moving to Austin looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $85,592/year in Austin. The median income there is $91,461.
Estimated monthly essentials total $3,819 in Portland vs $3,570 in Austin — a difference of $249/month ($2,988/year).
The median home price in Austin is $500,627 vs $524,251 in Portland. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,531 in Austin vs $2,651 in Portland.