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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Tyler is a financial step down — higher costs without proportional income gain.
Tyler has a cost index of 92 vs 105 for Raleigh. Tyler is 13 points cheaper overall. Monthly rent goes from $1,567 to $1,290 (-18%).
If you earn the Raleigh median of $82,424, you would need approximately $72,219/year in Tyler to maintain equivalent purchasing power, based on the cost index difference of 13 points (12%).
Median rent in Raleigh is $1,567/month. In Tyler it is $1,290/month — a difference of $277 per month, or $3,324 per year.
Moving to Tyler is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $72,219/year in Tyler. The median income there is $65,527.
Estimated monthly essentials total $3,561 in Raleigh vs $3,055 in Tyler — a difference of $506/month ($6,072/year).
The median home price in Tyler is $248,536 vs $428,831 in Raleigh. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,257 in Tyler vs $2,168 in Raleigh.