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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Reno is a financial step down — higher costs without proportional income gain.
Reno has a cost index of 115 vs 110 for Surprise. Reno is 5 points more expensive overall. Monthly rent goes from $1,926 to $1,830 (-5%).
If you earn the Surprise median of $93,371, you would need approximately $97,615/year in Reno to maintain equivalent purchasing power, based on the cost index difference of 5 points (5%).
Median rent in Surprise is $1,926/month. In Reno it is $1,830/month — a difference of $96 per month, or $1,152 per year.
Moving to Reno is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $97,615/year in Reno. The median income there is $78,448.
Estimated monthly essentials total $4,011 in Surprise vs $4,001 in Reno — a difference of $10/month ($120/year).
The median home price in Reno is $559,591 vs $421,071 in Surprise. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,830 in Reno vs $2,129 in Surprise.