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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Lakewood is a financial step down — higher costs without proportional income gain.
Lakewood has a cost index of 114 vs 110 for Surprise. Lakewood is 4 points more expensive overall. Monthly rent goes from $1,926 to $1,733 (-10%).
If you earn the Surprise median of $93,371, you would need approximately $96,766/year in Lakewood to maintain equivalent purchasing power, based on the cost index difference of 4 points (4%).
Median rent in Surprise is $1,926/month. In Lakewood it is $1,733/month — a difference of $193 per month, or $2,316 per year.
Moving to Lakewood is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $96,766/year in Lakewood. The median income there is $85,789.
Estimated monthly essentials total $4,011 in Surprise vs $3,879 in Lakewood — a difference of $132/month ($1,584/year).
The median home price in Lakewood is $565,592 vs $421,071 in Surprise. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,860 in Lakewood vs $2,129 in Surprise.