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Old 08-20-2014, 02:44 PM   #21
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We're considering western NC over FL because most of our income (pensions) would be exempt from NC tax.

The weird part is that in western NC, the job market is terrible; most of the $$ comes from rich retirees. Thus, there's lots of cheap housing due to low per capita income, but none that we'd consider owning. The better housing, however, is quite expensive due to the retirees. Darn those retirees, they ruin everything!

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Originally Posted by sengsational View Post
So if you're like me, you were concentrating more on avoiding state income taxes than on how much more it costs to live. An interesting addition to the equation is on the spending side (NC $109, FL $101), in addition to the tax side (NC 5.8%, FL 0%).

But I'd be moving from an "easily commutable" area of NC to a "not so easily commutable" area of FL. So as Mr. Ha mentioned, the state-wide number is not super helpful.
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Old 08-20-2014, 03:09 PM   #22
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Ever since we got here in '96 we've said that we "doubled our quality of life" with that move. Zillow says this house is worth $300K+; the same house on this lot in the Bay Area would cost at least $3 million.
Sort of the same deal we got when we moved from near DC to WV. Zillow says our house is worth $214k+, the same place near DC with a stocked trout stream ~80 yards out the back door, flood plain beyond that that won't be built on for many lifetimes, would be worth many millions.
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Old 08-20-2014, 03:34 PM   #23
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Sort of the same deal we got when we moved from near DC to WV. Zillow says our house is worth $214k+, the same place near DC with a stocked trout stream ~80 yards out the back door, flood plain beyond that that won't be built on for many lifetimes, would be worth many millions.
I will be duplicating this strategy.
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Old 08-20-2014, 05:11 PM   #24
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thank you for posting this very educational site.
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One thing one can do with these relatively digested "sound byte" style articles is look at the small print to find the source of the data (In this case, the Bureau of Economic Analysis).

The detailed data is available elsewhere on their site, but even their overall release summary has some more detail (from: BEA: News Release: Real Personal Income for States and Metropolitan Areas, 2008-2012 - note that this is not a permanent link, so the content may change if they update the data)

"In 2012, the metropolitan area with the highest RPP was Urban Honolulu, HI (122.9). Metropolitan areas with RPPs above 120.0 also include New York-Newark-Jersey City, NY-NJ-PA (122.2), San Jose-Sunnyvale-Santa Clara, CA (122.0), Bridgeport-Stamford-Norwalk, CT (121.5), Santa Cruz-Watsonville, CA (121.4), San Francisco-Oakland-Hayward, CA (121.3), and Washington-Arlington-Alexandria, DC-VA-MD-WV (120.4). The metropolitan area with lowest RPP was Danville, IL (79.4), followed by Jefferson City, MO (80.8), Jackson, TN (81.5), Jonesboro, AR (81.7), and Rome, GA (82.2)."

Note that these numbers are inverted from the original article - so to compare directly, you would need to invert these numbers - e.g., Honolulu's 122.9 becomes 1/122.9 = 81.37
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