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Crunching costs, sorting signals, rendering insights.
Moving to Surprise looks like a financial upgrade — better income-to-cost ratio.
Surprise has a cost index of 110 vs 115 for Reno. Surprise is 5 points cheaper overall. Monthly rent goes from $1,830 to $1,926 (+5%).
If you earn the Reno median of $78,448, you would need approximately $75,037/year in Surprise to maintain equivalent purchasing power, based on the cost index difference of 5 points (4%).
Median rent in Reno is $1,830/month. In Surprise it is $1,926/month — a difference of +$96 per month, or $1,152 per year.
Moving to Surprise looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $75,037/year in Surprise. The median income there is $93,371.
Estimated monthly essentials total $4,001 in Reno vs $4,011 in Surprise — a difference of +$10/month (+$120/year).
The median home price in Surprise is $421,071 vs $559,591 in Reno. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,129 in Surprise vs $2,830 in Reno.