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Crunching costs, sorting signals, rendering insights.
Moving to St Paul looks like a financial upgrade — better income-to-cost ratio.
St Paul has a cost index of 97 vs 98 for Abilene. St Paul is 1 points cheaper overall. Monthly rent goes from $1,758 to $1,485 (-16%).
If you earn the Abilene median of $62,720, you would need approximately $62,080/year in St Paul to maintain equivalent purchasing power, based on the cost index difference of 1 points (1%).
Median rent in Abilene is $1,758/month. In St Paul it is $1,485/month — a difference of $273 per month, or $3,276 per year.
Moving to St Paul looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $62,080/year in St Paul. The median income there is $73,055.
Estimated monthly essentials total $3,623 in Abilene vs $3,336 in St Paul — a difference of $287/month ($3,444/year).
The median home price in St Paul is $289,137 vs $206,199 in Abilene. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,462 in St Paul vs $1,043 in Abilene.