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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Phoenix is roughly financially neutral — costs and incomes shift together.
Phoenix has a cost index of 104 vs 115 for Sparks. Phoenix is 11 points cheaper overall. Monthly rent goes from $1,967 to $1,556 (-21%).
If you earn the Sparks median of $86,979, you would need approximately $78,659/year in Phoenix to maintain equivalent purchasing power, based on the cost index difference of 11 points (10%).
Median rent in Sparks is $1,967/month. In Phoenix it is $1,556/month — a difference of $411 per month, or $4,932 per year.
Moving to Phoenix is roughly financially neutral — costs and incomes shift together. The salary equivalent to maintain your current lifestyle is $78,659/year in Phoenix. The median income there is $77,041.
Estimated monthly essentials total $4,147 in Sparks vs $3,523 in Phoenix — a difference of $624/month ($7,488/year).
The median home price in Phoenix is $407,665 vs $523,431 in Sparks. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,061 in Phoenix vs $2,647 in Sparks.