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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Raleigh looks like a financial upgrade — better income-to-cost ratio.
Raleigh has a cost index of 105 vs 108 for Tempe. Raleigh is 3 points cheaper overall. Monthly rent goes from $1,679 to $1,567 (-7%).
If you earn the Tempe median of $77,643, you would need approximately $75,486/year in Raleigh to maintain equivalent purchasing power, based on the cost index difference of 3 points (3%).
Median rent in Tempe is $1,679/month. In Raleigh it is $1,567/month — a difference of $112 per month, or $1,344 per year.
Moving to Raleigh looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $75,486/year in Raleigh. The median income there is $82,424.
Estimated monthly essentials total $3,731 in Tempe vs $3,561 in Raleigh — a difference of $170/month ($2,040/year).
The median home price in Raleigh is $428,831 vs $466,198 in Tempe. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,168 in Raleigh vs $2,357 in Tempe.