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This Page provides links to various Cost of Living Calculators along with instructions for their use. It also includes Valuable Cost of Living information for various US Cities and the cost of living defined.
Cost of Living |
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Page provides links to various Cost of Living Calculators along with
instructions for their use. Interestingly different
calculators provide different results. As a sample I compared the
cost of living in two cities I am personally familiar with,
Richmond, VA and Albany, NY. Our
Cost of Living calculator said that if you earned $50,000 in
Richmond the equivalent salary in Albany would be $53,221. while
another said the equivalent would be $48,700 Based upon my personal
experience I would say that our number would be much more likely,
although it may depend on the time of year. Heating costs are definitely
higher in Albany while cooling costs are higher in Richmond.
If you would like to find the definitive Cost of Living for specific items in a variety of US cities as easy as 1,2, 3. Use this Cost of Living Calculator from the Bureau of Labor statistics.
This Cost of Living calculator from the National Association of Realtors has a nice looking comparison of cost of living in hundreds of U.S. Cities. Although they have a nicely laid out site their results are a bit suspect. In addition to their Cost of Living calculator, this site also provides calculators for a variety of other comparisons useful to people who are considering moving including school information, crime, salaries, communities, rent vs. buy and many other useful items. Hopefully that information is more accurate. Definition*: cost-of-living indexAn inflationary indicator that measures the change in the cost of a fixed basket of products and services, including housing, electricity, food, and transportation. The cost-of-living index is published monthly. Also called Consumer Price Index (CPI). Follow these links for more information on the Consumer Price Index and Current, Historical Inflation rates and International Inflation Rate Links.A major component of your cost of living is your mortgage. If you are moving and looking for a new Mortgage you can compare rates from many lenders at our mortgage page. You might also want to read the adjacent article about Low Mortgage Rates- Reduce your Payment or the length of the Loan? *According to InvestorWords.com Subscribe to our FREE monthly E-zine and we will keep you up-to-date on what is happening in the area of inflation, interest rates and market trends.
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