DID YOU KNOW?

If you had moved from Fresno, CA to Phoenix, AZ in 2015, you would now have an additional $186,379 in cash and equity.

The math for this comparison:
Description Fresno, CA Phoenix, AZ Difference
Property Value
Median Price 2015 210 560 216 405 5 845
Median Price 2023 381 440 449 628 68 188
Increase in Equity 170 880 233 223 62 343
Income & Expenses
Median Household Income 63 656 75 731 12 075
Cost of living factor 105,90 104.30
Avg Household annual expenses
(US Avg 61,334 x Cost of Living Index/100)
77 272 76 105 1 167
Tax Burden as a percent of median income (different from tax rate)
Income Tax Burden 3,05% 1,23%
Property Tax Burden 2,79% 2,35%
Sales Tax Burden 3,05% 4,04%
Total Tax Burden $
(Income Tax % x Median HH Income) +
(Property Tax % x Avg Property Value) +
(Salex Tax % x Annual Expenses)
12 557 10 295 2 262
Total Property Difference 62 343
Annual Income & Expense Difference 15 504
Total Income & Expense Difference (Annual x Numbers of Years) 124 036
Total Difference From 2015 186 379
The assumptions:
  1. Median household income in each location
  2. Median property price in each location
  3. Average US household annual expenses
  4. Tax burden based on percent of median income, not simply tax rate