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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Phoenix looks like a financial upgrade — better income-to-cost ratio.
Phoenix has a cost index of 104 vs 95 for Syracuse. Phoenix is 9 points more expensive overall. Monthly rent goes from $1,601 to $1,556 (-3%).
If you earn the Syracuse median of $45,845, you would need approximately $50,188/year in Phoenix to maintain equivalent purchasing power, based on the cost index difference of 9 points (9%).
Median rent in Syracuse is $1,601/month. In Phoenix it is $1,556/month — a difference of $45 per month, or $540 per year.
Moving to Phoenix looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $50,188/year in Phoenix. The median income there is $77,041.
Estimated monthly essentials total $3,417 in Syracuse vs $3,523 in Phoenix — a difference of +$106/month (+$1,272/year).
The median home price in Phoenix is $407,665 vs $204,630 in Syracuse. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,061 in Phoenix vs $1,035 in Syracuse.