Data in the cost of living calculator is derived from 747 OES locations and assumes typical spending patterns. In order to generate detailed reports suitable for creating cost of living differentials and relocating employees, please consult ERI's Relocation Assessor. The Relocation Assessor calculates the total cost of a bundle of products specified by the user, including: rental rates, housing prices, income taxes, property taxes, gasoline prices, medical costs/services, major retail grocery and drug store prices, etc. Cost-of-living differentials, as reported by ERI, reflect cost models at different income levels (e.g., an auto of "x" value driven "x" miles/kilometers, home rental with no mortgage income tax deductions, home ownership with income tax mortgage deductions, etc...). Local wages and salaries do not indicate the local cost of living. Cost of living indicates the comparable local buying power for any given salary. In most cases, cost of living is considered only when an employee incurs new expenses due to an "internal" move, from one branch office to another. In this situation, the new salary would be set according to the destination market (local wage and salary level).
Student Cost of Living Calculator
This tool shows a student's cost of living (COL) for consumables in any of over United States, Canada and international living locations.
Salary Potential by Job
This free salary calculator reports the estimated annual mean salary potential for 8,835 positions in the Year 2033.
The Relocation Assessor is used by thousands of organizations to calculate cost of living differentials for employee relocation. Try a FREE demo of the Relocation Assessor.Try Relocation Assessor