San Francisco, CA. Washington, DC. Miami, FL. Chicago, IL. Boston, MA. New York, NY. Dallas, TX. If you'd like to know the cost of living in other cities, then please select a city in. In the simplest terms, a Cost of Living index is the estimated amount that represents the cost of the basic necessities required for an individual to live. A cost of living or COL estimate may typically include estimates for housing, food, energy, medical care, transportation, taxes, and other necessities.
A COL index may be used to measure what the cost difference would be for a person living in a certain location compared to another location. This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a family.
The Salary. These are the universally recognized core components of any cost of living estimate and represent those expenses that apply to everyone. Obviously, there may be other factors that could contribute to your particular cost of living situation and not everyone has the same spending habits. You can see how your job and your salary will be impacted by a change of location.
If you live in one location but work in another, the cost of living calculator will make those adjustments to provide an accurate estimate of the change in COL. Housing is a large part of any cost of the living estimate. This category includes your rent, mortgage payment including interest and property insurance or other fees.
Most households spend the largest share of overall expenses on housing. Average housing costs have recently been increasing everywhere in the United States. There are certain areas of the country where the cost of housing has increased much more rapidly than other locations and the cost of living calculator will help you to identify those locations.
Another category of the cost of living is food. This includes the overall cost of food items purchased in grocery stores and food consumed away from home. Career Advice Explore real-world career trends and advice from the leaders in compensation. Payscale Predicts the Election will be closer than polls indicate If we learned anything from , is that the polls don't. Career Advice By Topic. Career Advice. Salary Research Uncover detailed salary data for specific jobs, employers, schools, and more.
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Cost of Living Calculator. Whether you're planning for an upcoming move or just curious about the cost of living in other cities, the PayScale Cost of Living Calculator is the place to begin your research or daydreaming. Just enter your salary and job title as well as your current location and the city where you're considering a move. Not only will we show you the cost of living difference, but we'll let you know how much you need to make in the new location to maintain your current standard of living.
Get started! Calculate Cost of Living Moving From. Thinking of relocating or just exploring your options? Enter your cities to compare. Browse Popular Cities. Find out what you should be paid Use our tool to get a personalized report on your market worth.
Los Angeles-Long Beach. Miami-Dade County. New York Manhattan. Afford the city you want to live in Get free guidance on changes you can make to afford more home, without spending more. Join NerdWallet. Housing costs: According to the U. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood.
According to the BLS, transportation is the second-largest expense consumers have. Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. There are ways to trim that down.
You could eat out less, cut back on takeout and cook more often. But even then, the price of groceries is going to significantly influence your cost of living. Entertainment: A movie ticket, a pint of beer, box seats at a baseball game — they can all come with a different price tag depending upon where you live.
And it adds up. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS.
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