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Cost of Living Tips
Cost of living is a measurement of how much it costs to live in one location that covers the basics (food, shelter, and clothing). You can use the cost of living index to gauge how much it will cost moving from one city to another. By factoring the cost of living, how much you will need to make in order to maintain your current lifestyle.
Real Estate. Are the costs to purchase a home where you currently reside higher or lower in comparison to the new location? Are you able to get more or less home for your money?
Taxes. Are state, local, property, school, and sales taxes higher or lower?
Insurance. Will you have to pay more or less in the new location for your car, home and malpractice insurance?
Utilities. Are the rates higher or lower in comparison to where you currently live?
Transportation. Do you need a vehicle at the new location? Is it better to use public transportation? Do you need to buy another form of transportation?
Schools. Are the costs associated with the school systems higher or lower? Do you need to send your children to private school (if so, is the tuition higher or lower)?
Climate. Do you need to buy different clothes? Do you need to get a different set of tires for the right climate?
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