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Tuesday, 02 October 2007

Cost of Living Comparison Calculator

I found this very interesting calculator at the CNNMoney.com web site.  Simply enter the location of your current residence along with your income.  Then enter your destination location and click "compare."

For fun, I looked at what would happen if someone earning $75,000 in Boston wanted to move up here to Portland.  The results?

Groceries will cost 12.4% less

Housing will cost 17.3% less

Utilities will cost 1.5% more

Transportation will cost 12.7% less

Healthcare will cost 18.4% less

The net comparison means that your $75,000 Boston salary is roughly comparable to a salary of $64,338 in Portland, Maine.  The Manhatten to Portland comparison is even more fun!

If you're planning on moving to Maine, here is the link to compare cost of living.

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