Your feedback is very important to us. Choose from a vast selection of metropolitan areas that they’ve compiled a detailed database for. Instead of basing the numbers on the cost of living exclusively, it compares typical salaries found within that city. • Adults: 1 = Single, Adults: 2 = Married filing jointly. Before you hire the movers and pack your first box, you’ll want to take a closer look at a cost of living calculator to determine if you can afford your new destination. This cost of living calculator is an easy candidate for the best cost of living calculator because of its unique addition of the tax expense in each city as well. They should include categories such as: While these are basics that should be included on all of the best cost of living calculators, some will include information above and beyond these categories. But many factors are complicating a worldwide comparison. We're talking about things like toothpaste, the clothes you wear to work and the sponge and dish soap you use to clean your dishes. Using Tools to Help You 1 Try a cost of living calculator. Planning your budget . can If you don't mind living with roommates / having a small place, high cost of living cities are MUCH cheaper. If it’s over 100, it’s more expensive than the national average. In essence, it’s what it costs to live. To view our table showing components of the EPI, click here . A generous salary in one region can be lacking in another. Also review each firm’s site for the most updated data, rates and info. When you first enter the page, their pop-up boxes walk you through each step of filling out the necessary information. Calculate Cost-of-Living. Compare Another City Disclaimer The cost of living calculator (COLC) was built using data collected through the Economic Research Institute. Conclusion—Top 6 Best Cost of Living Calculators. You can adjust your individual living situation to fit the appropriate circumstances. Average Cost of Living in London. With a 4% increase on their grocery bill, what will that actually look like? The Cost of Living Wizard does provide helpful information for consumers who are highly considering working in an area different from where they reside. Not only does their cost of living comparison calculator give you a percentage difference; it also displays the average amount spent by consumers like you in each category. Instead of providing just a percentage difference for the overall category, they dive into more specific examples of what you can expect. We use the Consumer Price Index (CPI) and salary differentials of over 300+ US cities to give you a comparison of costs and salary. If you're considering moving to another town or city you may be wondering what salary you'd need to maintain your standard of living in the new location. The CNN Money Cost of Living Calculator gives consumers a quick glance into a number of important categories with a unique breakdown and salary comparison. How about Seattle? • Otherwise assume all deductions and retirement account contributions are zero. Disclaimer The cost of living calculator (COLC) was built using data collected through the Economic Research Institute. Use Salary.com's Cost of Living Calculator to easily compare the cost of living in your current location to the cost of living in a new location. AdvisoryHQ’s List of the Top 6 Best Cost of Living Calculators. For consumers who keep detailed budgets and are aware of what they spend for each category, the additional math and calculations should be no big deal. Many of the cost of living adjustment calculator choices provide you with a modified income based on the cost of living in the destination location. In exchange, it provides you with a detailed bar graph that demonstrates where the expenses of your new city will fall in comparison to those of your current hometown. Select two cities below to see a price comparison based on a variety of indicators, including restaurants, groceries, clothing, transportation, and more. We have highlighted some of the factors that allowed, For an extremely detailed breakdown of the cost difference between two cities, you’ll want to read through the results of the, For consumers who want the best cost of living calculator that provides specific examples of anticipated costs, the, The NerdWallet Cost of Living Calculator provides one of the most detailed breakdowns available, which is what allowed us to categorize it as one of the best cost of living calculators, For consumers who prefer to view their information in graph form instead of charts, the, For individuals who don’t live and work in the same city or metro area, the, With colorful graphs and a relatively interactive program, the, The tabs below cover the average tax, housing, and food costs for your current city and expected city. Go. RBS? The national average is 100, so when you look at a place’s COL Index you can instantly see how much more or … That means paying for repairs, gas and possibly tolls and parking permits. If it’s over 100, it’s more expensive than the national average. While there are many budgeting tips and tricks that can help you cut down on extra expenses, it's harder to trim the costs of the basics. That information is particularly helpful if you’re offered a job that requires you to relocate, or you’re daydreaming about moving somewhere new for a change in weather or atmosphere. A $500,000 home in the Bay Area is much different from a half-million-dollar home in Little Rock. On a good cost of living comparison calculator, you can even see the difference between your current area and your new destination. I'm currently in Chicago making 75k. 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