

BANKRATEīankrate is similar to NerdWallet in that it uses a drop down list of cities (listed alphabetically) and current income to give you the new salary needed in order to maintain your lifestyle, along with the percentage change in cost of living. NerdWallet also offers the added benefits of displaying housing, transportation, food, entertainment, and healthcare costs, as well as school comparisons, so that you can make a more informed choice. NerdWallet features primarily major cities (listed by state), but finding the closest metropolitan area to your own will give you a fairly accurate number.

NerdWallet uses your current city, future city, and current income to predict the salary you’ll need in order to maintain your current lifestyle in the new location.

Many employers will work with you to adjust your salary for a different cost of living, but in the event that you must negotiate your salary to account for this change, you’ll need to research.īelow, we list our favorite cost of living calculators available on the web. They use data about various regions to estimate how much you’ll need to earn in a new city to maintain your current lifestyle, taking into account many variables to do so. This is where cost of living calculators come in. One of the highest priorities should be whether you can afford to make the move to a new city, and how the new cost of living affects you.Ĭost of living fluctuations can impact your rent or mortgage, commute, overall cost of daily goods and services, and more. If you’re considering relocating for a new job opportunity, you have a lot to think about.
