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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Syracuse is a financial step down — higher costs without proportional income gain.
Syracuse has a cost index of 95 vs 108 for Tempe. Syracuse is 13 points cheaper overall. Monthly rent goes from $1,679 to $1,601 (-5%).
If you earn the Tempe median of $77,643, you would need approximately $68,297/year in Syracuse to maintain equivalent purchasing power, based on the cost index difference of 13 points (12%).
Median rent in Tempe is $1,679/month. In Syracuse it is $1,601/month — a difference of $78 per month, or $936 per year.
Moving to Syracuse is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $68,297/year in Syracuse. The median income there is $45,845.
Estimated monthly essentials total $3,731 in Tempe vs $3,417 in Syracuse — a difference of $314/month ($3,768/year).
The median home price in Syracuse is $204,630 vs $466,198 in Tempe. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,035 in Syracuse vs $2,357 in Tempe.