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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Irving is a financial step down — higher costs without proportional income gain.
Irving has a cost index of 101 vs 110 for Surprise. Irving is 9 points cheaper overall. Monthly rent goes from $1,926 to $1,587 (-18%).
If you earn the Surprise median of $93,371, you would need approximately $85,732/year in Irving to maintain equivalent purchasing power, based on the cost index difference of 9 points (8%).
Median rent in Surprise is $1,926/month. In Irving it is $1,587/month — a difference of $339 per month, or $4,068 per year.
Moving to Irving is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $85,732/year in Irving. The median income there is $79,641.
Estimated monthly essentials total $4,011 in Surprise vs $3,511 in Irving — a difference of $500/month ($6,000/year).
The median home price in Irving is $337,859 vs $421,071 in Surprise. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,708 in Irving vs $2,129 in Surprise.