Cost of Living Comparison Calculator

Compare the cost of living in terms of housing and utilities, health care, transportation, and consumables between your current and new locations. Also, get comparisons of employment rates, crime rates, and more based on data from ERI's Assessor Platform.

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Area Info

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Cost of Living Calculator

Our signature cost of living calculator helps you compare the costs between different cities and understand how far your salary would go in another city or state. ERI considers different factors when calculating cost of living, including food, transportation, health services, rent, utilities, taxes, and other miscellaneous costs.

For more information on how to accurately calculate cost of living for both domestic and international locations, use our cost of living calculator.

Here is additional information about housing, health care, transportation, and consumables, the four major areas that we research when calculating cost of living:

Housing & Utilities

Housing is typically the largest component of expenditures. ERI collects both aggregate city-level and neighborhood-level data for areas within cities that are more desirable to most management/professional lifestyles. Monthly rental data collected defaults to a square footage based on the specific earnings level and assumes unfurnished rental of an apartment or a condominium.

Utilities are estimated based on costs for common heating, cooling, and sources of energy for the location. Water and sewer cost estimates are also included.

Transportation

The cost of transportation score uses local data on commuting patterns and city dispersion, combined with fuel cost factors, public transportation, and efficiency patterns of public transportation in relationship to a transportation price level index. A relative cost of airline travel component is also included. In major cities, where parking is a substantial cost, estimates are included for parking expenses during regular business hours.

Consumables

Consumables are built up from a market basket of goods and services that a typical management/professional household would purchase and consume. The percentage of income dedicated to consumables varies by income level and family size based on the base city expenditure pattern. A typical market basket of goods would include the costs for meats, dairy products, produce, bakery products, miscellaneous grocery products, and miscellaneous goods and services (e.g., fast food, average casual restaurant, haircut and other personal services, clothing items, entertainment, major appliance repair, etc.).

All these factors should be considered when deciding to move to another location. ERI's cost of living calculator can help you accurately predict how far your money will take you in a new location.

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