The cost of living or (COL) varies from state to state and city to city and even from neighborhood to neighborhood. Some areas have seen housing costs decrease dramatically in the years since the housing bubble popped in 2008, while others have only fallen slightly. But the Cost of living is more than just housing costs it is the amount of money it will take to maintain the same standard of living in various places.
Changes in the COL over time are often calculated via an index such as the CPI index that sets costs at a certain date at 100 and then recalculates costs at intervals. COL calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas. Geographic differences in cost of living can be measured in terms of purchasing power parity rates.
Our cost of living calculator will help you compare two cities from around the United States. It is not accurate enough to determine neighborhoods but will give you a good idea of how different cities compare. For instance, if you’d like to know the cost of living difference between Anchorage, Alaska and Auburn, Alabama no problem. You can also enter a job title and salary you will be presented with salary comparisons between locations but that isn’t necessary. The Cost of living Calculator will also give you a cost comparison chart between your destination city and other major cities.
For More Information See:
- Cost of Living Allowance (COLA)
- Cost of Living Adjustment
- Cost of Living-Links
- Cost of Gas
- Average Cost of Gas Per Month
- Inflation Rate
- Cost of Living- Real Basket of Goods
- Cost of Living: How Much of Your Budget Goes to Food?
- Cut Your Food Budget and Save Big
- 4 Factors Inflating the Cost of Living and How to Combat Them
- More Cost of Living Articles
Image courtesy of Stuart Miles/ FreeDigitalPhotos.net