City with least inflation since start of pandemic: San Francisco City with most inflation since start of pandemic: Phoenix I was making $79,000 in 2019 and now at $140,000 and I still feel incredibly out priced. In 2019 I saw a house I liked 5 minutes from my office at $300,000. Now it’s at $700,000. The pay companies are offering aren’t keeping up with rising cost of living here. Things are quickly becoming incredibly expensive. Reaching New York levels now.
luxury 1 bed in Phoenix - 2k, luxury 1 bed in NYC - 4k....fuck are you even talking when you say NYC levels
I said NY not NYC
you mean Buffalo, Rochester, Syracuse etc? they have always been similarly priced as Phoenix. anything close to NYC is HCOL, rest of NY state is MCOL at best with few LCOL pockets. it's same inflation all over US.
How is Phoenix wrt the heat? Hottest place per capita in the USA
horrible summers, 90+ after mar and can hit as high as 110-120 at peak and dry... literally living in a desert. left as soon as i could to colder climes
So why do people keep moving to Phoenix? It’s unending yet people will post it’s too hot. The population growth is only accelerating
Phoenix is not NYC expensive, not by any stretch of the imagination. That said the market is hyper inflated, you should switch jobs AND move. Plus do you really enjoy consecutive days of 118F on a blacktop?
Not near NYC cost. The Phoenix area does still have a little low salaries when you take into the COL, however. You could get a high paying remote job and live very comfortably in Phoenix, though.
This is a problem everywhere right now.
I’m leaving phx for the reasons you stated. I’m going to HCOL. Phoenix is now MCOL, and does not compare to California, NY, or Seattle.
Left that giant pile of dirt for Denver. Loving it here.
I think we are seeing a shift where LCOL is becoming MCOL as people who work remote move from HCOL/MCOL to LCOL. Prices in places like Arizona and Nevada will continue to rise based on out of state salaries for remote work while local salaries will stay the same or rise slower.
I think you are over exaggerating the number of remote workers in these states. It’s regular people who work 9-5s who have lived there 10+ years being pushed out of the housing market by companies like Zillow, not increase in remote wages. Remote wages are comparable to in person wages here unless you work in FAANG adjacent companies, and there is no shot that there are more than 2% of residents in these states who are doing this.
I know remote workers who left California and sold a house for $1M and bought a house in Arizona for $400k...these people are also pricing you out of the market
Cite on inflation: https://www.cnbc.com/2022/05/03/why-people-moving-out-of-big-cities-are-seeing-the-most-inflation-.html#:~:text=%E2%80%9CWe%20saw%20an%20acceleration%20of,economist%20Taylor%20Marr%20told%20CNBC