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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Raleigh is a financial step down — higher costs without proportional income gain.
Raleigh has a cost index of 105 vs 110 for Surprise. Raleigh is 5 points cheaper overall. Monthly rent goes from $1,926 to $1,567 (-19%).
If you earn the Surprise median of $93,371, you would need approximately $89,127/year in Raleigh to maintain equivalent purchasing power, based on the cost index difference of 5 points (5%).
Median rent in Surprise is $1,926/month. In Raleigh it is $1,567/month — a difference of $359 per month, or $4,308 per year.
Moving to Raleigh is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $89,127/year in Raleigh. The median income there is $82,424.
Estimated monthly essentials total $4,011 in Surprise vs $3,561 in Raleigh — a difference of $450/month ($5,400/year).
The median home price in Raleigh is $428,831 vs $421,071 in Surprise. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,168 in Raleigh vs $2,129 in Surprise.