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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 108 for Tampa. Phoenix is 4 points cheaper overall. Monthly rent goes from $1,968 to $1,556 (-21%).
If you earn the Tampa median of $71,302, you would need approximately $68,661/year in Phoenix to maintain equivalent purchasing power, based on the cost index difference of 4 points (4%).
Median rent in Tampa is $1,968/month. In Phoenix it is $1,556/month — a difference of $412 per month, or $4,944 per year.
Moving to Phoenix looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $68,661/year in Phoenix. The median income there is $77,041.
Estimated monthly essentials total $4,026 in Tampa vs $3,523 in Phoenix — a difference of $503/month ($6,036/year).
The median home price in Phoenix is $407,665 vs $369,079 in Tampa. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,061 in Phoenix vs $1,866 in Tampa.